📊 Sensex Analysis for 05th March 2026
(Simple Chart Reading)
CMP: 79,116
Current Structure: Downtrend on daily chart with price trading below recent range
Market Mood: Bearish bias with short-term bounce attempts near support
Sensex has moved below its recent range after a sharp fall from higher supply zones near 82,400–83,300. The daily chart shows lower highs forming, suggesting selling pressure remains active. Immediate resistance is placed near 79,615, followed by 80,113 and 80,698. Stronger supply zones remain higher near 81,841–81,719 and again around 82,412–82,785. On the downside, immediate support is placed near 78,530, followed by 77,944 and 77,446. The intraday chart shows a small recovery attempt from the swing-low support area near 78,443.
For intraday reference, support levels are 78,530, 77,944 and 77,446. Resistance levels are 79,615, 80,113 and 80,698. The immediate supply zones remain near 80,000–80,400 and again near 81,800–82,400 where earlier selling pressure appeared.
If the market opens with a gap up within roughly a 350–400 point range, price may initially attempt to move towards 79,615. If buying strength improves, it may extend towards 80,113. However, selling pressure may start near 80,000–80,400, and stronger rejection may appear if price approaches 81,000 or higher supply areas. If price falls after a gap-up open, it may drift back towards 79,116, then towards 78,530, and if weakness increases, towards 77,944.
If the market opens with a gap down within roughly a 350–400 point range, price may first test the support area near 78,530. Continued weakness may push price towards 77,944 and possibly 77,446. A bounce may start from these lower support areas. If price rises after a gap-down open, it may first recover towards 79,116 and then towards 79,615 where resistance behaviour may appear.
In case of a sideways or range-bound session, price may oscillate between 78,530 and 79,615 as the immediate band. An extended range may stretch between 77,944 and 80,113. Inside this band, price may continue moving between support and resistance while waiting for stronger participation to decide direction.
Observationally, if price sustains above 80,698, higher reference zones may appear near 81,500 and 82,400 where reaction behaviour can be monitored. On the downside, if price slips below 77,446, further reference areas may appear near 76,800 and 76,000 where support behaviour may develop.
Overall, the daily chart structure remains weak below 80,113–80,698. Immediate support lies near 78,530–77,944, while stronger supply remains positioned above 81,800. A clearer directional move may develop once price moves decisively beyond this broader range.
STWP View: The market appears weak below 80,113. Upside possibilities may improve only if price sustains above 80,698. Downside pressure may increase below 78,530. Early session behaviour near resistance zones may provide clues whether the bounce continues or selling resumes.
⚠️ Disclaimer
This post is intended solely for educational and informational purposes. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Market investments are subject to risk. Please consult a SEBI-registered financial advisor before making any investment decisions. STWP is not responsible for actions taken based on this analysis.
(Simple Chart Reading)
CMP: 79,116
Current Structure: Downtrend on daily chart with price trading below recent range
Market Mood: Bearish bias with short-term bounce attempts near support
Sensex has moved below its recent range after a sharp fall from higher supply zones near 82,400–83,300. The daily chart shows lower highs forming, suggesting selling pressure remains active. Immediate resistance is placed near 79,615, followed by 80,113 and 80,698. Stronger supply zones remain higher near 81,841–81,719 and again around 82,412–82,785. On the downside, immediate support is placed near 78,530, followed by 77,944 and 77,446. The intraday chart shows a small recovery attempt from the swing-low support area near 78,443.
For intraday reference, support levels are 78,530, 77,944 and 77,446. Resistance levels are 79,615, 80,113 and 80,698. The immediate supply zones remain near 80,000–80,400 and again near 81,800–82,400 where earlier selling pressure appeared.
If the market opens with a gap up within roughly a 350–400 point range, price may initially attempt to move towards 79,615. If buying strength improves, it may extend towards 80,113. However, selling pressure may start near 80,000–80,400, and stronger rejection may appear if price approaches 81,000 or higher supply areas. If price falls after a gap-up open, it may drift back towards 79,116, then towards 78,530, and if weakness increases, towards 77,944.
If the market opens with a gap down within roughly a 350–400 point range, price may first test the support area near 78,530. Continued weakness may push price towards 77,944 and possibly 77,446. A bounce may start from these lower support areas. If price rises after a gap-down open, it may first recover towards 79,116 and then towards 79,615 where resistance behaviour may appear.
In case of a sideways or range-bound session, price may oscillate between 78,530 and 79,615 as the immediate band. An extended range may stretch between 77,944 and 80,113. Inside this band, price may continue moving between support and resistance while waiting for stronger participation to decide direction.
Observationally, if price sustains above 80,698, higher reference zones may appear near 81,500 and 82,400 where reaction behaviour can be monitored. On the downside, if price slips below 77,446, further reference areas may appear near 76,800 and 76,000 where support behaviour may develop.
Overall, the daily chart structure remains weak below 80,113–80,698. Immediate support lies near 78,530–77,944, while stronger supply remains positioned above 81,800. A clearer directional move may develop once price moves decisively beyond this broader range.
STWP View: The market appears weak below 80,113. Upside possibilities may improve only if price sustains above 80,698. Downside pressure may increase below 78,530. Early session behaviour near resistance zones may provide clues whether the bounce continues or selling resumes.
⚠️ Disclaimer
This post is intended solely for educational and informational purposes. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Market investments are subject to risk. Please consult a SEBI-registered financial advisor before making any investment decisions. STWP is not responsible for actions taken based on this analysis.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
STWP | Mentor & Demand-Supply Specialist |
Empowering traders through structured learning |
simpletradewithpatience.com
Community: chat.whatsapp.com/BEYz0tkqP0fJPBCWf59uel
wa.me/message/6IOPHGOXMGZ4N1
Educational Only
Empowering traders through structured learning |
simpletradewithpatience.com
Community: chat.whatsapp.com/BEYz0tkqP0fJPBCWf59uel
wa.me/message/6IOPHGOXMGZ4N1
Educational Only
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.