Sensex, Bankex analysis for 24/09/2026 (market analysis)

1. BSE Sensex (Current: 74,828) Current Market Position: Trading marginally beneath the pivot threshold, reflecting mild overhead supply. Near-Term Strategy: Hold Short (Below 75,500)Rationale: As long as Sensex trades below the 75,500 psychological and technical resistance cluster, rallies are likely to be sold into. Short-term momentum indicators (like RSI and MACD on lower timeframes) lean neutral-to-bearish. Breakout / Reversal Trigger: Conditional Long Above 75,500Rationale: A sustained daily/hourly close above 75,500 would invalidate the short thesis, triggering short-covering rallies toward the 76,200–76,500 resistance zone. 2. BSE Bankex (Current: 63,916) Current Market Position: Hovering under the crucial 64,400 barrier despite localized banking support. Near-Term Strategy: Hold Short (Below 64,400)Rationale: Bankex faces heavy selling pressure near higher structural zones. The failure to reclaim 64,400 keeps the path of least resistance tilted downward toward immediate support markers near 63,200 and 62,800. Breakout / Reversal Trigger: Conditional Long Above 64,400Rationale: Crossing and sustaining above 64,400 signals aggressive institutional accumulation in heavyweights (such as HDFC Bank and ICICI Bank), clearing the path for an impulsive upward expansion. F&O top looser was :