Sensex Prediction
S&P BSE SENSEX is in a rising trend channel in the medium-long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing.Do remember that you can ride the success of Sensex by using our bank nifty option tips for tomorrow as we trade less but trade accurately.
The index has
given a positive signal from the rectangle formation
by a break up through the resistance at 60434. Further
rise to 70218 or more is signaled. The index has broken
up through resistance at points 60600. This predicts
a further rise.
The short-term momentum of the index
is strongly positive, with RSI above 70. This indicates
increasing optimism among investors and further price
increases for S&P BSE SENSEX. However, particularly
for big stocks, a high RSI may be a sign that the stock
is overbought and that there is a chance of a reaction
downwards. The RSI curve shows a rising trend,
which supports the positive trend. The index is overall
assessed as technically positive for the medium-long
term.
