Can Sensex Break Above 78,000 And Extend Its Rally?

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Can Sensex Break Above 78,000 And Extend Its Rally?

Sensex closed higher ahead of the monthly expiry session. The index is approaching the neckline of a downward-sloping channel, making the coming sessions important for determining the next directional move.

Technical Outlook

A sustained move above the neckline could trigger further upside. Important Levels:
  • Neckline / Resistance Zone: 77,800–78,000
  • Upside Target: 78,600–78,700
  • Immediate Support: 77,000–77,300
Traders should watch whether the index can decisively cross the neckline, as this may confirm a continuation of the current recovery.

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