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By EquityPandit

INDEX OUTLOOKMARKET OUTLOOKSENSEX

SENSEX Outlook for the Week (April 22, 2024 – April 26, 2024)

SENSEX
SENSEX
SENSEX closed the previous week on a negative note losing 2.83%.

Technically, SENSEX share price will see immediate support at 71,967.93 and immediate resistance would be seen at 74,057.27.

If SENSEX share price closes below immediate support of 71,967.93, then sharp breakdown can be seen. SENSEX share price will see major support at 70,847.52 for the week.

75500.0075500.0075000.0075000.0074500.0074500.0074000.0074000.0073500.0073500.0073000.0073000.0072500.0072500.0072000.0072000.0071500.0071500.00Mar 4Mar 4Mar 7Mar 7Mar 13Mar 13Mar 18Mar 18Mar 21Mar 21Mar 27Mar 27Apr 2Apr 2Apr 5Apr 5Apr 10Apr 10Apr 16Apr 16Reversal Level 73330.59BuySellSell

On the positive side, immediate resistance will be seen at 74,057.27. Closing above 74,057.27, SENSEX share price will see a sharp breakout. Major resistance for SENSEX share price will be seen at 75,026.20 for the week.

Trading range for SENSEX share price for this week should be between 69,878.59 on down side and 76,146.61 on up side.

SENSEX Previous Week High: 73905.8

SENSEX Previous Week Low: 71816.46

SENSEX Previous Week Range: 2089.34 Points

SENSEX share price support and resistance for the week (April 22, 2024 – April 26, 2024)

Level Type Value
Resistance 3 76,146.61
Resistance 2 75,026.20
Resistance 1 74,057.27
Support 1 71,967.93
Support 2 70,847.52
Support 3 69,878.59
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