Sensex | Analysis for 02nd March 2026BSE Sensex IndexBSE:SENSEXsimpletradewithpatience📊 Sensex Analysis for 02nd March 2026 (Simple Chart Reading) CMP: 81,287 Current Structure: Downtrend on daily chart with continuation of lower highs Market Mood: Bearish bias with price approaching short-term support Sensex is currently trading in a declining structure on the daily timeframe, forming lower highs and lower lows after slipping from higher supply zones. The recent fall has pushed price below prior support areas, and the zone near 82,181–82,412 may now start acting as resistance on any bounce. Higher resistance levels are placed near 82,651 and 83,056, while the broader swing high zone near 83,330–83,486 remains a strong supply area. On the downside, immediate support is visible near 81,159, which aligns with the recent swing low area. If weakness continues, further supports may be seen near 80,882, followed by 80,477 and 79,795. The recent candles indicate selling pressure, and unless key resistance levels are reclaimed, rallies may continue to face supply. For intraday reference, support levels are placed near 81,159, 80,882 and 80,477. Resistance levels are seen near 81,969, 82,651 and 83,056. The immediate supply zone lies between 82,181 and 82,412, while a stronger supply band is positioned between 82,785 and 83,330. Demand zone is present at the levels of 80568.21 - 80387.20 If the market opens higher with a gap up and sustains above 81,969, price may attempt to move towards 82,181–82,412. If buying strength continues, an extension towards 82,651 may be possible. However, selling pressure may start building inside the 82,181–82,412 zone, and stronger rejection may appear near 82,785–83,056. If price falls after a gap up, it may first pull back towards 81,969, then towards 81,159, and if pressure increases, towards 80,882. A gap up directly into supply may increase the probability of a pullback. If the market opens directly near 82,181–82,412, there could be a brief push higher if buying remains active. However, since this is a supply zone, reversal attempts may emerge from this area. In case of rejection, price may drift back towards 81,969, then 81,159, and if weakness builds further, towards 80,882. If the market opens lower with a gap down near 81,159, price may move towards 80,882, and continued weakness may extend towards 80,477. A bounce may begin near 80,882, and stronger demand may appear around 80,477–79,795. If price rises after a gap down, it may first recover towards 81,159. If recovery strengthens, it may extend towards 81,800–81,969, and in case of stronger buying, towards 82,181. If the market opens below 81,159, immediate downside may take price towards 80,882, then 80,477, and possibly 79,795 if selling pressure continues. If recovery starts from lower levels, price may attempt to move back towards 81,159, and if it sustains above that, towards 81,969. A gap down into support may increase the chances of a technical bounce, but continuation will depend on strength. In case of a sideways or range-bound day, price may oscillate between 81,159 and 81,969 as the immediate band. An extended range could stretch from 80,882 to 82,181. Inside this band, movement may continue between support and resistance, breakouts may fail, and neither buyers nor sellers may have clear control. Reaction from the lower band may push price towards mid-range levels, while rejection from the upper band may bring price back towards support. Observationally, if price sustains above 83,486, higher reference zones may appear near 83,800, 84,000 and 84,400, where reversal behaviour can be observed. On the downside, if price breaks below 81,159, reference levels may emerge near 80,500, 80,000 and 79,500, where reaction patterns may develop. Overall, the daily structure remains weak unless key resistance zones are reclaimed. Strong supply is placed above 82,181, while important support lies near 81,159–80,882. A broader directional move may develop once price clearly moves beyond this wider range. STWP View: The market appears weak below 82,181–82,412. Upside possibilities may improve only if price sustains above 82,651. Downside pressure may increase below 81,159–80,882. If both sides hold, consolidation near lower levels may continue. The early part of the session may provide initial clues about strength or continuation of weakness. ⚠️ Disclaimer This post is intended solely for educational and informational purposes. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Market investments are subject to risk. Please consult a SEBI-registered financial advisor before making any investment decisions. STWP is not responsible for actions taken based on this analysis.