Sensex, Bankex analysis for 21/08/2026 (market analysis)

1. Sensex Analysis (Level: 77,537) Current Standing: Trading below the critical pivot threshold of 78,500. Strategy Action: Hold Short Conditional Trigger: Only look to Create Long positions if a sustained breakout occurs above 78,500. Technical Outlook: The index faces overhead resistance near the 78,500 mark. While it stays beneath this threshold, the short bias remains intact, targeting lower support zones. A decisive close above 78,500 would invalidate the short setup and signal a shift toward bullish momentum. 2. Bankex Analysis (Level: 65,110) Current Standing: Trading safely above the crucial support threshold of 64,300. Strategy Action: Hold Long Conditional Trigger: Only look to Create Short positions if a breakdown occurs below 64,300. Technical Outlook: Bankex demonstrates relative resilience by holding its primary support level. As long as 64,300 holds, the path of least resistance favors the bulls. Slipping below this floor would flip the structure bearish, opening the door for aggressive short selling. F&O top gainer was :