Sensex Outlook for 6-Nov-2026 looks Bullish

Sensex closed the session on November 5, 2026, at 79,310.01, surging by 2,008.61 points (2.60%)—marking its sixth consecutive session of gains driven by strong post-election momentum and positive global market cues. The Daily MACD Histogram is above zero and the Hourly MACD Histogram is also above zero indicating a bullish trend. The Daily RSI 14 is in the overbought territory above the 70 levels at 75.79 and the Hourly RSI 14 is also in the overbought territory above the 70 levels at 84.23 also indicates a bullish trend. But as per RSI 14 it is in the overbought zone in both daily and hourly. We may see a consolidation or a correction. Thus, the overall trend of Sensex looks bullish, and the buyers are in control over the markets. Buy on dips 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. Can Initiate selling only if prices continue to sustain below the support 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 - 79635 Resistance 2 - 79835 Support 1 - 78980 Support 2 - 78780 Happy Learning, Happy Trading and have a wonderful day Top Gainers : BAJAJFIN, INDUSINDBK, TMPV. Top Losers : NTPC, ADANIPORTS, ITC. BAJFINANCE