Sensex, Bankex analysis for 23/10/2026 (market analysis)

1. BSE SensexCurrent Level: 73,249 Key Pivot / Support Level: 72,900 Trade Setup & AnalysisPrimary Stance (Bullish Above Support): Since the current price of 73,249 is trading above the key threshold of 72,900, the active stance is Hold Long. The 72,900 level acts as a critical line in the sand (demand zone/stop loss). Conditional Trigger (Bearish Below Support): Short positions are only recommended if the index breaks and closes below 72,900. A break below this level would signal market weakness and likely trigger further selling pressure down to lower support levels. 2. BSE Bankex Current Level: 61,766 Key Pivot / Resistance Level: 63,000 Trade Setup & Analysis Primary Stance (Bearish Below Resistance): Since the current price of 61,766 is below the critical resistance of 63,000, the active stance is Hold Short. The 63,000 mark is serving as a major overhead resistance level. Conditional Trigger (Bullish Above Resistance): Fresh long positions should only be considered if the index successfully breaks out and sustains above 63,000. Crossing this level would confirm a bullish breakout in the banking sector. F&O top looser was :