Probable Scenario Analysis of SENSEX for the 03rd of July, 2026. The day is Friday.
🟢 Bullish Scenario
Stay bullish above 77250. The price is in a bullish setup. Doubt every down move. The probable bullish targets above the level of 77500 would be - 77750 and 78000.
🔴 Bearish Scenario
There is no bearish setup. However, if the price decisively breaks down below the level of 77000, then the probable bearish targets would be - 76750 and 76500.
🟡 No Trading Zone (NTZ): (77250 - 77000).
Here, the zone of (77250 - 77000) is also a strong support.
⏺ Range of Consolidation (ROC): (78000 - 77000).
Here, 77500 is the median of ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
● Event
There is no high-impact event this week. However, there is the U.S. Independence Day Holiday on Friday (03rd of July).
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
🟢 Bullish Scenario
Stay bullish above 77250. The price is in a bullish setup. Doubt every down move. The probable bullish targets above the level of 77500 would be - 77750 and 78000.
🔴 Bearish Scenario
There is no bearish setup. However, if the price decisively breaks down below the level of 77000, then the probable bearish targets would be - 76750 and 76500.
🟡 No Trading Zone (NTZ): (77250 - 77000).
Here, the zone of (77250 - 77000) is also a strong support.
⏺ Range of Consolidation (ROC): (78000 - 77000).
Here, 77500 is the median of ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
● Event
There is no high-impact event this week. However, there is the U.S. Independence Day Holiday on Friday (03rd of July).
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.