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By EquityPandit

INDEX OUTLOOKMARKET OUTLOOKSENSEX

SENSEX Outlook for the Week (May 06, 2024 – May 10, 2024)

SENSEX
SENSEX
SENSEX closed the previous week on a negative note losing 2.19%.

Technically, SENSEX share price will see immediate support at 73,193.46 and immediate resistance would be seen at 74,837.12.

If SENSEX share price closes below immediate support of 73,193.46, then sharp breakdown can be seen. SENSEX share price will see major support at 72,508.76 for the week.

75500.0075500.0075000.0075000.0074500.0074500.0074000.0074000.0073500.0073500.0073000.0073000.0072500.0072500.0072000.0072000.0071500.0071500.00Mar 18Mar 18Mar 21Mar 21Mar 27Mar 27Apr 2Apr 2Apr 5Apr 5Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30Reversal Level 75129.96BuyBuySellSell

On the positive side, immediate resistance will be seen at 74,837.12. Closing above 74,837.12, SENSEX share price will see a sharp breakout. Major resistance for SENSEX share price will be seen at 75,796.08 for the week.

Trading range for SENSEX share price for this week should be between 71,549.80 on down side and 76,480.78 on up side.

SENSEX Previous Week High: 75111.39

SENSEX Previous Week Low: 73467.73

SENSEX Previous Week Range: 1643.66 Points

SENSEX share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 76,480.78
Resistance 2 75,796.08
Resistance 1 74,837.12
Support 1 73,193.46
Support 2 72,508.76
Support 3 71,549.80
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