The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential declines toward 22,900–22,600. On the upside, the 24,500–25,000 range serves as a strong resistance, with the 25,000 level having significant call option open interest, making it unlikely to be breached soon.
Concurrent Gainers: 7 stocks that gained for 5 days in a row
In the five trading sessions prior to March 7, the Sensex rose by around 1.5%, or 1,134 points, closing at 74,333. The market ended on
March 8, 2025