Sensex - Weekly expiry analysis June 4

919
The price is moving within a descending channel. We can see the wide range move within 73500 to 74500. We can see a confluence at the support/resistance zone 74500 and the upper trend line of the channel. Sustaining above 74500 with bullish strength is important to be bullish.
Buy above 74640 with the stop loss of 74480 for the targets 74780, 74960, 75120, 75300, 75480 and 75640.
Sell below 74300 with the stop loss of 74460 for the targets 74140, 74020, 73840, 73680, 73520, 73340 and 73140.
The expected expiry day range is 73300 to 74800.
Always do your analysis before taking any trade.
Catatan
Channel move. The price is testing the upper trend line now. cuplikan

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