BSE Sensex Holds Above Pivot Near 77,212 Resistance Level

BSE Sensex was at 77,080.95 at 9:17 AM IST on Wednesday, 163.10 points above Tuesday’s 76,917.85 close and just below 77,212.55 resistance. The index was also above the 76,623.15 classic pivot, following a Tuesday rally of 1,225.07 points, or 1.62%, from Monday’s close.

What are Sensex support and resistance levels today?

Sensex’s immediate technical reference points are a pivot at 76,623.15, first support at 76,328.44 and first resistance at 77,212.55. These classic floor-pivot levels were calculated from Tuesday’s verified high of 76,917.85, low of 76,033.74 and close of 76,917.85.

The next upside references are 77,507.26 at R2 and 78,096.66 at R3. On the downside, S2 is placed at 75,739.04 and S3 at 75,444.33. Such levels are calculation-based reference zones rather than forecasts or assured turning points.

How did Sensex perform in Tuesday’s session?

Sensex opened at 76,288.65 on Tuesday, fell to 76,033.74 and then rose to 76,917.85, where it closed. The close represented a gain of 1,225.07 points, or 1.62%, from Monday’s 75,692.78 close.

The session began with a gap-up of roughly 595 points from the prior close. The supplied market commentary described a sequence of higher highs and higher lows through the day, with the index closing at its intraday high. That structure put the Tuesday close above the pivot used for the following session’s calculations.

What does the opening-range snapshot indicate for Sensex?

The 9:17 AM IST Reuters snapshot showed Sensex at 77,080.95, above the pivot but 131.60 points below R1 at 77,212.55. Relative to Tuesday’s close, the index was higher by 163.10 points, equivalent to a calculated 0.21% gain.

This placement put the index in the band between the 76,623.15 pivot and 77,212.55 first resistance. A sustained move above R1 would shift attention to 77,507.26 and then 78,096.66, while a retreat below the pivot would bring the support sequence into focus. No independently verified Wednesday opening print, intraday high or intraday low was available by 9:59 AM IST.

Which Sensex range matters most after the Tuesday rally?

The immediate range identified in the supplied technical commentary is 76,000 to 77,200, with support around 76,000 to 76,300 and resistance around 77,000 to 77,200. The classic pivot framework offers a more specific nearby support level of 76,328.44 and resistance level of 77,212.55.

The two sets of references broadly place the key short-term test around the 77,000-77,200 area. Tuesday’s close at 76,917.85 and the early Wednesday snapshot at 77,080.95 were both near this overhead zone. The available information supports a sideways-to-bullish technical reading only while the stated support area remains intact; it does not establish a confirmed breakout.

Why do some published Sensex technical levels differ?

Sensex technical levels can differ because pivot calculations depend on the specific prior-session high, low and close used, as well as the calculation method. The supplied material includes classic, Fibonacci, Camarilla, Woodie’s and DeMark’s pivot formats, each producing different values from its underlying inputs.

A separate technical table timestamped November 4 at 11:54 AM IST listed a classic pivot of 76,977.69, different from the 76,623.15 classic pivot derived from Tuesday’s verified range in this report. Investors should therefore compare the timestamp, source data and method before treating levels from different posts as directly comparable. The early Reuters quote and the verified Tuesday range remain the basis for the levels discussed here.

Conclusion

Sensex entered the early Wednesday session above its 76,623.15 pivot after Tuesday’s 1.62% advance, but it remained below the 77,212.55 first-resistance reference at the available 9:17 AM IST quote. The market’s immediate setup was therefore positive relative to the pivot, without confirmation of a move through the first overhead barrier.

The next points to watch are whether Sensex can sustain above 77,212.55 and approach R2 at 77,507.26, or whether it loses the pivot and tests S1 at 76,328.44. A later independently verified Wednesday range was not available in the supplied information, leaving confirmation of the day’s opening-range direction unresolved.