Sensex support and resistance

As of December 29, 2024, the S&P BSE Index closed at 78,699.07, reflecting a 0.29% increase from the previous close.

Technical analysis indicates the following support and resistance levels:

Immediate Support: 78,517

Immediate Resistance: 78,962

Short-term Support: 78,336

Short-term Resistance: 79,225

Medium-term Support: 78,073

Medium-term Resistance: 79,407

These levels suggest that if the index declines, it may find support around 78,517, potentially preventing further decreases. Conversely, if the index rises, it may encounter resistance near 78,962, which could impede further gains.

Additionally, the Relative Strength Index (RSI) is at 49.395, indicating a neutral momentum.

Please note that market conditions can change rapidly. For the most current information, it's advisable to consult real-time data sources or financial advisors.