Will Sensex reclaim 82,000-mark this week? Here's what technical charts say

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Will Sensex reclaim 82,000-mark this week? Here's what technical charts say - Business Standard

Quick Summary:

Weekly market outlook, May 5 - 9, 2025: Sensex and Nifty seem favourably placed on charts; however, key momentum oscillators are showing signs of tiring out, hence an interim dip cannot be ruled out.

The 81,900 - 82,000 is likely to be the key focus area in the near-term, as this coincides with the yearly R-1. Break and sustained trade above 82,000-mark, shall open the doors for a likely rally towards 84,240 and higher levels.

The BSE Sensex from a low of 71,425 on April 7 soared 13.7 per cent to hit a high of 81,178 last Friday. Similarly, the NSE Nifty has zoomed 13.1 per cent from its low of 21,744 to a high of 24,589.