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Vimal K

1 hour ago · SEBI Registration INH200007724

Sensex Outlook for 29-Sep-2026 Looks Bearish

The outlook for the Sensex on September 29, 2026, is highly bearish following a massive technical breakdown in the previous session. The index plummeted 1,124 points to close at 72,836.19. Tha Daily MACD Histogram and Hourly MACD Histogram below zero indicates a bearish trend. The Daily RSI 14 below 30 and Hourly RSI also below 30 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 - 22885 Resistance 2 - 22910 Support 1 - 22720 Support 2 - 22705 Happy Learning, Happy Trading and have a wonderful day. Top Gainers : INFY. Top Losers : L&T, POWERGRID, TMPV.

INFY

#TechnicalViews#Pre-OpeningCommentary#WatchOutFor#IndexStrategies#MacroViews
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