1. Sensex Analysis (Current Level: 72,771) Current Market Context: Sensex is trading at 72,771, sitting below the critical pivot threshold of 74,000. Bearish / Short Bias (Below 74,000): As long as Sensex stays below the 74,000 resistance/pivot mark, the dominant technical directive is to Hold short. This indicates that sellers maintain control, and rallies towards the 74,000 handle are likely to face strong supply/resistance. Bullish / Long Condition (Above 74,000): A decisive break and sustained move above 74,000 triggers a trend reversal or breakout signal. Under this condition, traders are advised to shift strategy and create long-only positions, as clearing this major threshold would invalidate the near-term short bias and invite fresh momentum buying. 2. Bankex Analysis (Current Level: 61,545) Current Market Context: Bankex is standing at 61,545, positioned underneath its vital inflection level of 63,000. Bearish / Short Bias (Below 63,000): With the index tracking below 63,000, the technical setup favors a Hold short approach. The 63,000 psychological and structural level acts as an immediate overhead barrier where selling pressure is expected to resume. Bullish / Long Condition (Above 63,000): The framework turns conditionally bullish only if Bankex manages to breach and trade above 63,000. Crossing this hurdle invalidates the ongoing downside pressure, prompting a switch to create long-only positions to capture subsequent upside momentum. F&O top looser was :

MANAPPURAM

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