Sensex Intraday Prediction Today: Market Trend Analysis & Insights
Problem: The Sensex has shown strong volatility today, leaving traders confused about whether the downtrend will continue or reverse.
Promise: In this detailed intraday analysis, we’ll examine price action, EMA trends, and volume patterns to give you a clear direction for trading decisions.
Current Market Overview
As of 11:16 IST, the Sensex is trading at 82,200.63, up slightly by +3.31 points. The price has shown a sharp decline from highs above 82,800, breaching key EMA levels and creating bearish pressure.
Technical Analysis Breakdown
- Price Movement: The chart shows a sharp downward movement after touching resistance around 82,800.
- EMA Trend: The 9-period EMA is acting as resistance, and the price is trading below it—confirming short-term bearish sentiment.
- Volume: High selling volume confirms the breakdown. However, lower volume on the last candle indicates temporary stability or potential reversal.
Intraday Prediction: Will Sensex Fall Further?
Based on current signals:
- If the price stays below the EMA and fails to break above 82,300–82,350, the downtrend may continue towards 81,800–81,600.
- If price manages to break above 82,300 with volume, expect a quick bounce back to 82,500+.
- Keep an eye on support at 82,150; if broken, expect increased volatility.
Strategy for Intraday Traders
- 🔻 Bearish Bias: Trade short near 82,300–82,350 zone with a stop-loss above 82,400.
- 📈 Reversal Trade: If there's strong volume and price crosses 82,350–82,400, consider long positions.
- 📊 Scalping Opportunities: Use 5-min charts to catch 40–50 point quick trades between EMA touches.
Features of Today’s Market Movement
- High volatility near key psychological levels (82,800–82,000).
- EMA 9 acting as dynamic resistance.
- Wick rejections and long bearish candles show strong seller control.
Comparison with Previous Sessions
Compared to Nifty’s intraday trend on June 11, Sensex today is showing stronger resistance and less buyer confidence. While Nifty found support and bounced intraday, Sensex continues to struggle at lower levels.
FAQs on Sensex Intraday Trading
Q1. Is the current trend bullish or bearish?
A: Short-term trend is bearish as long as price stays below EMA and 82,300 zone.
Q2. What is the support level to watch?
A: Major support lies at 82,150, followed by 81,800.
Q3. Should I buy the dip?
A: Only if the price gives strong confirmation candles with volume above EMA 9.
Q4. What’s the resistance zone?
A: Watch out for 82,300–82,400; that’s the key resistance for today.
Important Links for Further Reading
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