DSEX Index Analysis: 27th August with Sectoral Watch Up
DSEX seems to have the highest turnover of 1247.68cr for this year after 11th August last year. Although DSEX had the highest turnover, the Index closed with a negative 6.57 points and stayed at 5448.83 points due to the month-end adjustment.
Yesterday's Index Call was " DSEX closed last day above the Channel Resistance Zone...Which was a good indication, but still today it will be crucial to see the day end close.. Month-end adjustment could be the only factor to consider for today and the days ahead of this week. If DSEX sustains today, that will hint at a 5690 level extension. Otherwise, if it closes below the channel resistance with negative points, then the next two days' market will slightly face correction."
Today Index could continue the negative sentiment of the last day, as we saw a bearish reversal candle.
The support level of DSEX today will be -
Support 1: 5427
Support 2: 5412
The resistance level of DSEX today will be -
Support 1: 5465
Resistance 2: 5494
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