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By EquityPandit

INDEX OUTLOOKMARKET OUTLOOKSENSEX

SENSEX Outlook for the Week (August 28, 2023 – September 01, 2023)

SENSEX
SENSEX
SENSEX closed the previous week on a negative note losing 1.79%.

Technically, SENSEX share price will see immediate support at 64,441.46 and immediate resistance would be seen at 65,622.66.

If SENSEX share price closes below immediate support of 64,441.46, then sharp breakdown can be seen. SENSEX share price will see major support at 63,996.42 for the week.

68000.0068000.0067500.0067500.0067000.0067000.0066500.0066500.0066000.0066000.0065500.0065500.0065000.0065000.0064500.0064500.00Jul 14Jul 14Jul 19Jul 19Jul 24Jul 24Jul 27Jul 27Aug 1Aug 1Aug 4Aug 4Aug 9Aug 9Aug 14Aug 14Aug 18Aug 18Aug 23Aug 23Reversal Level 65507.76Sell

On the positive side, immediate resistance will be seen at 65,622.66. Closing above 65,622.66, SENSEX share price will see a sharp breakout. Major resistance for SENSEX share price will be seen at 66,358.82 for the week.

Trading range for SENSEX share price for this week should be between 63,260.26 on down side and 66,803.86 on up side.

SENSEX Previous Week High: 65913.77

SENSEX Previous Week Low: 64732.57

SENSEX Previous Week Range: 1181.2 Points

SENSEX share price support and resistance for the week (August 28, 2023 – September 01, 2023)

Level Type Value
Resistance 3 66,803.86
Resistance 2 66,358.82
Resistance 1 65,622.66
Support 1 64,441.46
Support 2 63,996.42
Support 3 63,260.26

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