“Sideways to bearish on Sensex, which formed a large bearish engulfing candle and trades below key moving averages, confirming short- to medium-term weakness. Momentum is deeply oversold with RSI at 25.06, and PCR at 0.90 points to a cautious derivatives setup. The 73,500–74,000 zone is crucial support, while a recovery above 74,800–75,000 is needed to improve the technical outlook. Elevated crude oil prices and global yields add pressure.”