#Sensex directions and levels for December 2nd.
Current View:
The current view indicates that if the market starts neutral or experiences an initial decline, the immediate zone(red) will act as support. If it consolidates or breaks this level, we can expect a continuation of the correction, with a minimum target of 79136 to the minor demand zone. This is the basic structure. However, if it doesn’t break this level, it could see a pullback.
Alternate View:
The alternate view suggests that if the market sustains the gap-up and breaks the previous high, it could reach the 80170 Fibonacci level on the upside, which is a major resistance. Until we break this level, we cannot expect a continuation of the rally. If it breaks, the rally will continue; conversely, if it is rejected, it could turn into a range-bound market.
The current view indicates that if the market starts neutral or experiences an initial decline, the immediate zone(red) will act as support. If it consolidates or breaks this level, we can expect a continuation of the correction, with a minimum target of 79136 to the minor demand zone. This is the basic structure. However, if it doesn’t break this level, it could see a pullback.
Alternate View:
The alternate view suggests that if the market sustains the gap-up and breaks the previous high, it could reach the 80170 Fibonacci level on the upside, which is a major resistance. Until we break this level, we cannot expect a continuation of the rally. If it breaks, the rally will continue; conversely, if it is rejected, it could turn into a range-bound market.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.