Quote on Sensex for 9th Jan 2025 by Aakash Shah, Research Analyst, Choice Equity Broking
Below the Quote on Sensex for 9th Jan 2025 by Aakash Shah, Research Analyst, Choice Equity Broking
"The Sensex extended losses on 09th January, marking another cautious trading session as broader markets remained weak and investors stayed risk-averse amid global uncertainties and tariff concerns. Benchmarks witnessed volatile swings with bearish pressure dominating most of the day. Sentiment was fragile throughout the session, with early attempts at recovery later giving way to selling, reflecting a lack of conviction to sustain upside. Technical momentum remains under pressure after multiple sessions of declines, suggesting a near-term corrective phase in play
On a broader level, defence and select PSU names showed relative strength during parts of the session, with defence stocks outperforming amid weak overall breadth. Key laggards were clustered in IT, metal, and realty sectors, which continued to weigh on the Sensex and dragged performance lower.
From a technical perspective, immediate resistance is placed at 84,100, followed by 84,400, where supply is expected to intensify. On the downside, the 83,100–83,000 zone is seen as a crucial support and potential accumulation area for positional traders.
The Sensex displayed weak intraday momentum with a bearish tilt on 09th Jan 2026, facing resistance at key levels and showing signs of short-term consolidation. While support near the current zone could offer buying interest, sustaining upside will require reclaiming immediate resistance zones to shift sentiment back in favour of bulls."
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