The Sensex closed its last session on Friday at 73,895.74, gaining 315.20 points (+0.43%) as value buying in blue-chip banking, auto, and energy stocks arrested a painful seven-week losing streak. The Daily MACD below zero and Hourly MACD below zero indicates a bearish trend. The Daily RSI 14 below 40 and Hourly RSI 14 is also below 40 and indicates a bearish trend. Thus, the overall trend of Sensex looks bearish, and the sellers are in control over the markets. 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 above the resistance level. Can Initiate buying only if prices continue to sustain 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 Spot Resistance 1 - 74345 Resistance 2 - 74480 Support 1 - 73650 Support 2 - 73575 Happy Learning, Happy Trading and have a wonderful day. Top Gainers : AXISBANK, M&M, ASIANPAINTS. Top Losers : TMPV, INDUSIND, INFY.

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