Sensex - Expiry day analysis Aug 13

649
The price took support from the 77500 zone and is moving up, testing the resistance at 78000. Sustaining above the trendline and 78000 can cause the price to move up.
Buy above 78040 with a stop loss of 77880 for the targets 78180, 78360, 78540 and 78720.
Sell below 77740 with a stop-loss of 77920 for the targets 77600, 77480, 77340, 77200 and 77060.
Expected expiry day range is 77100 to 78200.
Always do your analysis before taking any trade.
Note
Rejection from the trendline resistance. snapshot

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.