Sensex Outlook for 06-Oct-2026 Looks Range Bound

The Sensex ended its four-day losing streak on Monday, 5 October 2026, closing 472.77 points higher (0.66%) at 72,382.47. This positive momentum forms the technical foundation for the upcoming trading session on Tuesday, 6 October 2026. The Daily MACD Histogram is below zero and the Hourly MACD Histogram is above zero indicates a tug of war between buyers and sellers and a range bound market. The price is making lower low and RSI 14 is not making lower lows on Hourly charts indicating a trend reversal. However, The RSI 14 is around 40 levels and has not crossed midline level of 50. Thus the overall trend of Sensex looks to be in a range, and the markets might move either side. Buy on dips and sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Sensex. We may expect a change in trend only if the price sustains below the support level or above the resistance level. I have provided Sensex Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Sensex Resistance 1 - 72825 Resistance 2 - 72930 Support 1 - 71935 Support 2 - 71830 Happy Learning, Happy Trading and have a wonderful day. Top Gainers: ITC, TMPV, ETERNAL Top Loser: HCL, HDFCBANK, SUNPHARMA