“Sensex is expected to remain in a consolidation phase, despite a constructive broader trend above key EMAs. Momentum indicators like RSI and ADX show waning bullish strength and a lack of strong directional trend. Key support is seen at the 50-day EMA zone of 77,300-77,400, with resistance at the 200-day EMA zone of 78,600-78,700. A decisive move beyond these levels is required for a meaningful trend.”

Sudeep Shah’s track record: 14 graded calls · 95% CI 16–61%