SENSEX POST MARKET ANALYSIS

As per our morning market analysis the overall trend of Sensex was strong and buy on dips was the best strategy to deploy. You can clearly see that in spite of a sharp fall during the second half of the Sensex closed positive today and it never tested the support levels . Support 1 - 85230 and Support 2 - 85110. In this strong trending uptrend today you can see how our Resistance 2 - 85975 has worked. Sensex failed to sustain above the resistance level and after being rejected multiple times there was sharp fall in Sensex from the resistance level. Hope our support and resistance levels were helpful and see chart enclosed for a better understanding.