Sensex Analysis for 06 March 2026BSE Sensex IndexBSE:SENSEXsimpletradewithpatience📊 Sensex Analysis for 06 March 2026 (Simple Chart Reading) CMP: 80,015 Current Structure: Recovery attempt after sharp correction Market Mood: Stabilising but still under supply pressure Sensex has shown a recovery bounce after the sharp selloff seen in the previous sessions. The recent candles indicate buying interest emerging from the demand zone near the swing low around 78,443. However, the broader structure still reflects caution as price remains below multiple resistance clusters formed during the earlier breakdown phase. The immediate overhead resistance is located near 80,479 followed by 80,942 and then 81,581. These levels correspond with earlier breakdown areas where supply previously entered the market. Above these levels, stronger supply zones are positioned around 81,841–81,719, followed by 82,412–82,181 and then the stronger resistance band near 82,785–82,620. On the downside, immediate support appears near 79,377 followed by 78,738 and then the stronger base near 78,274 where buyers earlier stepped in and halted the decline. The short-term demand zone remains positioned between 79,393 and 79,254 which may act as the first support band during intraday pullbacks. The projected CPR for the next session is positioned slightly higher compared to the previous session, indicating a mild positive bias during the early phase of trading. However, the dashboard suggests low momentum conditions, which means directional conviction may remain limited initially. If price sustains above the CPR zone during the opening phase, the market may attempt to test nearby resistance levels. If price slips below the CPR region, the recovery attempt may weaken and price could drift back toward the lower support areas. The CPR zone therefore becomes the key decision area for the session. For intraday reference, support levels are 79,377, 78,738 and 78,274. Resistance levels are 80,479, 80,942 and 81,581. Immediate supply remains visible near 81,841–81,719 while stronger resistance zones remain positioned higher near 82,412–82,181 and 82,785–82,620. If the market opens with a gap up in the range of roughly 350–500 points, price may initially attempt to test the resistance region near 80,479. If momentum continues, the next possible extension may appear toward 80,942. However, selling pressure may emerge near these resistance areas as multiple supply zones are stacked above the current price region. If the market opens with a gap down within the same range, the first support reaction may appear near 79,377. If selling pressure continues, the market may move toward 78,738 and potentially test the stronger support region near 78,274 where demand previously stabilised the structure. In a sideways scenario, the market may oscillate between 79,377 and 80,479 as the immediate range. A wider volatility band may expand between 78,738 and 80,942 if volatility increases during the session. From a broader observation perspective, if weakness expands further, the next observation zones on the downside may appear near 79,000 followed by 78,500 and then near 78,000 where deeper support reactions may develop. On the upside, if the market sustains above the resistance clusters, the next observation zones may appear near 81,000 followed by 82,000 and then around 83,000 where stronger supply participation may emerge. Overall, Sensex is attempting to stabilise after the recent correction but still remains within a recovery phase beneath multiple resistance clusters. The early session behaviour near the CPR and the first resistance band will be important in determining whether the recovery continues or whether the broader corrective structure resumes. STWP View: Sensex is attempting to recover from the recent decline. Sustaining above 80,479 may strengthen the short-term recovery structure, while a move below 79,377 may again attract selling pressure. ⚠️ Disclaimer This analysis is shared strictly for educational and informational purposes. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instrument. Market investments involve risk. Please consult a SEBI-registered financial advisor before making any investment decisions.