Sensex rollover increased sharply to 77.91% from 60.72% in the previous series and remained well above the three-month average of 56.17%, indicating stronger rollover participation and a positive start to the September expiry series. Most futures positions were rolled over in the 77,800–77,900 range, and the index is currently trading around this rollover zone.
Technically, Sensex is trading above its medium- and long-term EMAs, suggesting that the short-term outlook could remain bullish as long as the index sustains above these levels. Immediate resistance is placed in the 78,500–78,600 zone. A sustained move above this range could trigger further upside, while support is seen at 77,200–77,000.
The index is expected to remain range-bound within these levels, with a breakout on either side likely to determine the next directional move.
Traders are advised to closely monitor geopolitical developments, as they could influence market sentiment. Until a clear trend emerges, stock-specific action is likely to outperform broad index moves.
August 28, 2026 7.2K 1
