Sensex offers a selective buy-side technical rationale despite recent weakness, with the index holding above critical 71,400 year-low support while forming a potential double-bottom pattern near 75,000 levels. RSI at ~35 reflects oversold conditions ripe for mean reversion bounce, complemented by MACD histogram narrowing toward zero line signaling momentum exhaustion. DII buying support amid FII selling provides fundamental backing—attractive long entry targeting 77,400 resistance with stops below 75,000 for favorable risk-reward in this rangebound recovery setup.
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