Tag Archives: CNX Auto Outlook

Nifty Auto Outlook for the Week (Apr 23, 2018 – Apr 27, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Apr 23, 2018 – Apr 27, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.20% .

As we have mentioned last week, that resistance for the index lies in the zone of 11500 to 11600 from where the index has broken down and Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11850 to 12000 where the index has formed a high in the month of January-2018. During the week the index manages to hit a high of 11569 and close the week around the levels of 11440.

Minor support for the index lies in the zone of 11300 to 11350. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017.

Resistance for the index lies in the zone of 11500 to 11600 from where the index has broken down and Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11850 to 12000 where the index has formed a high in the month of January-2018.

Broad range for the index is seen from 11000 to 11100 on downside & 11800 to 11900 on upside.

Nifty Auto Outlook for the Week (Apr 16, 2018 – Apr 20, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Apr 16, 2018 – Apr 20, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.20%.

As we have mentioned last week, that minor support for the index lies in the zone of 11250 to 11350. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017. During the week the index manages to hit a low of 11323 and close the week around the levels of 11465.

Minor support for the index lies in the zone of 11250 to 11350. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017.

Resistance for the index lies in the zone of 11500 to 11600 from where the index has broken down and Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11850 to 12000 where the index has formed a high in the month of January-2018.

Broad range for the index is seen from 11000 to 11100 on downside & 11800 to 11900 on upside.

Nifty Auto Outlook for the Week (Apr 09, 2018 – Apr 13, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Apr 09, 2018 – Apr 13, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 5.70%.

As we have mentioned last week, that resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11500 to 11600 where Fibonacci levels are lying. During the week the index manages to hit a high of 11462 and close the week around the levels of 11444.

Minor support for the index lies in the zone of 11250 to 11350. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017.

Resistance for the index lies in the zone of 11500 to 11600 from where the index has broken down and Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11850 to 12000 where the index has formed a high in the month of January-2018.

Broad range for the index is seen from 11000 to 11100 on downside & 11800 to 11900 on upside.

Nifty Auto Outlook for the Week (Apr 02, 2018 – Apr 06, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Apr 02, 2018 – Apr 06, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.70%.

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10600 where the index has taken support in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 where Fibonacci levels are lying. During the week the index manages to hit a low of 10569 and close the week around the levels of 10821.

Support for the index lies in the zone of 10500 to 10600 where the index has taken support in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11500 to 11600 where Fibonacci levels are lying.

Broad range for the index is seen from 10200 to 10300 on downside & 11200 to 11300 on upside.

Nifty Auto Outlook for the Week (Mar 26, 2018 – Mar 28, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Mar 26, 2018 – Mar 28, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 2.00%.

As we have mentioned last week, that index has closed just below the major support zone of 10800 to 10900 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017. During the week the index manages to hit a low of 10560 and close the week around the levels of 10638.

Support for the index lies in the zone of 10500 to 10600 where the index has taken support in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 11700 to 11800. Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11500 to 11600 where Fibonacci levels for the index are lying.

Broad range for the index is seen from 10000 to 10100 on downside & 11000 to 11100 on upside.

 

Nifty Auto Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Mar 12, 2018 – Mar 16, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 2.30%.

As we have mentioned last week, that index has closed just below the major support zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017. During the week the index manages to hit a low of 10755 and close the week around the levels of 10888.

Index has closed just below the major support zone of 10800 to 10900 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017.

Minor resistance for the index lies in the zone of 11100 to 11200. Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11800 to 11900 from where the index broke down after consolidation.

Broad range for the index is seen from 10500 to 10600 on downside & 11400 to 11500 on upside.

Nifty Auto Outlook for the Week (Mar 05, 2018 – Mar 09, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Mar 05, 2018 – Mar 09, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that Index has closed just below the major support zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017. During the week the index manages to hit a low of 10986 and close the week around the levels of 11147.

Index has closed just below the major support zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017.

Minor resistance for the index lies in the zone of 11200 to 11250. Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11800 to 11900 from where the index broke down after consolidation.

Broad range for the index is seen from 10500 to 10600 on downside & 11600 to 11700 on upside.

Nifty Auto Outlook for the Week (Feb 26, 2018 – Mar 02, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Feb 26, 2018 – Mar 02, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.70%.

As we have mentioned last week that support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017. During the week the index manages to hit a low of 10823 and close the week around the levels of 10927.

Index has closed just below the major support zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017.

Minor resistance for the index lies in the zone of 11200 to 11250. Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11800 to 11900 from where the index broke down after consolidation.

Broad range for the index is seen from 10500 to 10600 on downside & 11600 to 11700 on upside.

Nifty Auto Outlook for the Week (Feb 19, 2018 – Feb 23, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Feb 19, 2018 – Feb 23, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.10%.

As we have mentioned last week that resistance for the index lies in the zone of 11500 to 11600 where Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11800 to 11900 from where the index broke down after consolidation. During the week the index manages to hit a high of 10409 and close the week around the levels of 11114.

Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017.

Minor resistance for the index lies in the zone of 11250 to 11300. Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11800 to 11900 from where the index broke down after consolidation.

Broad range for the index is seen from 10500 to 10600 on downside & 11600 to 11700 on upside.

Nifty Auto Outlook for the Week (Feb 12, 2018 – Feb 16, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Feb 12, 2018 – Feb 16, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.60%.

As we have mentioned last week, that support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017. During the week the index manages to hit a low of 10798 and close the week around the levels of 11235.

Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017.

Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11800 to 11900 from where the index broke down after consolidation.

Broad range for the index is seen from 10800 to 10900 on downside & 11600 to 11700 on upside.

Nifty Auto Outlook for the Week (Feb 05, 2018 – Feb 09, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Feb 05, 2018 – Feb 09, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.80%.

As we have mentioned last week, that support for the index lies in the zone of 11500 to 11600 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 11279 and close the week around the levels of 11302.

Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017.

Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11800 to 11900 from where the index broke down after consolidation.

Broad range for the index is seen from 10800 to 10900 on downside & 11600 to 11700 on upside.

Nifty Auto Outlook for the Week (Jan 29, 2018 – Feb 02, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Jan 29, 2018 – Feb 02, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 11800 to 11900 from where the index broke down after consolidation. If the index manages to close below these levels then the index can move to the levels of 12100 to 12200 where the index has formed a short term top. During the week the index manages to hit a high of 11766 and close the week around the levels of 11508.

Support for the index lies in the zone of 11500 to 11600 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 11800 to 11900 from where the index broke down after consolidation. If the index manages to close below these levels then the index can move to the levels of 12100 to 12200 where the index has formed a short term top.

Broad range for the index is seen from 11000 to 11200 on downside & 12000 to 12100 on upside.

Nifty Auto Outlook for the Week (Jan 22, 2018 – Jan 25, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Jan 22, 2018 – Jan 25, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.90%.

As we have mentioned last week, that minor support for the index lies in the zone of 11750 to 11800. Support for the index lies in the zone of 11550 to 11600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300 where break out levels are lying. During the week the index manages to hit a low of 11515 and close the week around the levels of 11677.

Support for the index lies in the zone of 11550 to 11600 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300 where break out levels are lying.

Resistance for the index lies in the zone of 11800 to 11900 from where the index broke down after consolidation. If the index manages to close below these levels then the index can move to the levels of 12100 to 12200 where the index has formed a short term top.

Broad range for the index is seen from 11200 to 11300 on downside & 12000 to 12100 on upside.

Nifty Auto Outlook for the Week (Jan 15, 2018 – Jan 19, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Jan 15, 2018 – Jan 19, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.20%.

As we have mentioned last week, that minor support for the index lies in the zone of 11750 to 11800. Support for the index lies in the zone of 11550 to 11600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300 where break out levels are lying. During the week the index manages to hit a low of 11809 and close the week around the levels of 11908.

Minor support for the index lies in the zone of 11750 to 11800. Support for the index lies in the zone of 11550 to 11600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300 where break out levels are lying.

Resistance for the index lies in the zone of 12100 to 12200 where the index has formed a short term top. If the index manages to close below these levels then the index can move to the levels of 12400 to 12500.

Broad range for the index is seen from 11500 to 11600 on downside & 12300 to 12400 on upside.

Nifty Auto Outlook for the Week (Jan 08, 2018 – Jan 12, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  ( Jan 08, 2018 – Jan 18, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.70%.

As we have mentioned last week, that minor support for the index lies in the zone of 11750 to 11800. Support for the index lies in the zone of 11550 to 11600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300 where break out levels are lying. During the week the index manages to hit a low of 11803 and close the week around the levels of 11929.

Minor support for the index lies in the zone of 11750 to 11800. Support for the index lies in the zone of 11550 to 11600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300 where break out levels are lying.

Resistance for the index lies in the zone of 12100 to 12200 where the index has formed a short term top. If the index manages to close below these levels then the index can move to the levels of 12400 to 12500.

Broad range for the index is seen from 11700 to 11800 on downside & 12300 to 12400 on upside.

Nifty Auto Outlook for the Week (Jan 01, 2018 – Jan 05, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  Jan 01, 2018 – Jan 05, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.70%.

As we have mentioned last week, that minor support for the index lies in the zone of 11750 to 11800. Support for the index lies in the zone of 11550 to 11600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300 where short term moving averages are lying. During the week the index manages to hit a low of 11832 and close the week around the levels of 12010.

Minor support for the index lies in the zone of 11750 to 11800. Support for the index lies in the zone of 11550 to 11600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300 where break out levels are lying.

Resistance for the index lies in the zone of 12100 to 12200 where the index has formed a short term top. If the index manages to close below these levels then the index can move to the levels of 12400 to 12500.

Broad range for the index is seen from 11700 to 11800 on downside & 12300 to 12400 on upside.

Nifty Auto Outlook for the Week (Dec 26, 2017 – Dec 29, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Dec 26, 2017 – Dec 29, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 4.20%.

As we have mentioned last week, that minor support for the index lies in the zone of 11250 to 11300. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out. During the week the index manages to hit a low of 11196 and close the week around the levels of 11931.

Minor support for the index lies in the zone of 11750 to 11800. Support for the index lies in the zone of 11550 to 11600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300 where short term moving averages are lying.

Resistance for the index lies in the zone of 12100 to 12200 where the index has formed a short term top. If the index manages to close below these levels then the index can move to the levels of 12400 to 12500.

Broad range for the index is seen from 11500 to 11600 on downside & 12200 to 12300 on upside.

 

 

Nifty Auto Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Dec 18, 2017 – Dec 22, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that minor support for the index lies in the zone of 11250 to 11300. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out. During the week the index manages to hit a low of 11215 and close the week around the levels of 11448.

Minor support for the index lies in the zone of 11250 to 11300. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out.

Resistance for the index lies in the zone of 11350 to 11450 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11550 to 11600 where Fibonacci levels are lying.

Broad range for the index is seen from 11000 to 11100 on downside & 11600 to 11700 on upside.

Nifty Auto Outlook for the Week (Dec 11, 2017 – Dec 15, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Dec 11, 2017 – Dec 15, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.50%.

As we have mentioned last week, that support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out. During the week the index manages to hit a low of 11004 and close the week around the levels of 11357.

Minor support for the index lies in the zone of 11250 to 11300. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out.

Resistance for the index lies in the zone of 11350 to 11450 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11550 to 11600 where Fibonacci levels are lying.

Broad range for the index is seen from 11000 to 11100 on downside & 11600 to 11700 on upside.

Nifty Auto Outlook for the Week (Dec 04, 2017 – Dec 08, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Dec 04, 2017 – Dec 08, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.60%.

As we have mentioned last week, that resistance for the index lies in the zone of 11350 to 11450 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11550 to 11600 where Fibonacci levels are lying. During the week the index manages to hit a high of 11457 and close the week around the levels of 11188.

Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out.

Minor resistance for the index lies in the zone of 11250 to 11300. Resistance for the index lies in the zone of 11350 to 11450 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11550 to 11600 where Fibonacci levels are lying.

Broad range for the index is seen from 10700 to 10800 on downside & 11400 to 11500 on upside.

Nifty Auto Outlook for the Week (Nov 27, 2017 – Dec 01, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Nov 27, 2017 – Dec 01, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.10%.

As we have mentioned last week, that resistance for the index lies in the zone of 11350 to 11450 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11550 to 11600 where Fibonacci levels are lying. During the week the index manages to hit a high of 11411 and close the week around the levels of 11372.

Minor support for the index lies in the zone of 11200 to 11250. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out.

Resistance for the index lies in the zone of 11350 to 11450 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11550 to 11600 where Fibonacci levels are lying.

Broad range for the index is seen from 11000 to 11100 on downside & 11600 to 11700 on upside.

Nifty Auto Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Nov 20, 2017 – Nov 24, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out. During the week the index manages to hit a low of 11072 and close the week around the levels of 11252.

Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out.

Resistance for the index lies in the zone of 11350 to 11450 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11550 to 11600 where Fibonacci levels are lying.

Broad range for the index is seen from 10800 to 10900 on downside & 11500 to 11600 on upside.

Nifty Auto Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Nov 13, 2017 – Nov 17, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.10%.

As we have mentioned last week, that support for the index lies in the zone of 11150 to 11220 from where the index broke out of August-2017 and September-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 where Fibonacci levels are lying. During the week the index manages to hit a low of 11094 and close the week around the levels of 11185.

Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index broke out.

Resistance for the index lies in the zone of 11350 to 11450 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11550 to 11600 where Fibonacci levels are lying.

Broad range for the index is seen from 10700 to 10800 on downside & 11400 to 11500 on upside.

Nifty Auto Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Nov 06, 2017 – Nov 10, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the index lies in the zone of 11100 to 11200. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 where short & medium term moving averages are lying. During the week the index manages to hit a high of 11453 and close the week around the levels of 11313.

Support for the index lies in the zone of 11150 to 11220 from where the index broke out of August-2017 and September-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 11350 to 11450 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11550 to 11600 where Fibonacci levels are lying.

Broad range for the index is seen from 11000 to 11100 on downside & 11600 to 11700 on upside.

Nifty Auto Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Oct 30, 2017 – Nov 03, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that support for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 where short & medium term moving averages are lying. During the week the index manages to hit a low of 11034 and close the week around the levels of 11318.

Minor support for the index lies in the zone of 11100 to 11200. Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 where short & medium term moving averages are lying.

Resistance for the index lies in the zone of 11350 to 11400 where trend-line joining highs formed in the month of June-2017 and August-2017 is lying. If the index manages to close below these levels then the index can move to the levels of 11500 to 11600.

Broad range for the index is seen from 11000 to 11100 on downside & 11500 to 11600 on upside.

Nifty Auto Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Oct 23, 2017 – Oct 27, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that resistance for the index lies in the zone of 11200 to 11300 where the index has formed a high in the month of August-2017 and September-2017. If the index manages to close below these levels then the index can move to the levels of 11400 to 11500. During the week the index manages to hit a high of 11246 and close the week around the levels of 11107.

Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 where short & medium term moving averages are lying.

Resistance for the index lies in the zone of 11200 to 11300 where the index has formed a high in the month of August-2017 and September-2017. If the index manages to close below these levels then the index can move to the levels of 11400 to 11500.

Broad range for the index is seen from 10700 to 10800 on downside & 11300 to 11400 on upside.

Nifty Auto Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Oct 16, 2017 – Oct 19, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10500 to 10600 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs, 200 Daily moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10912 and close the week around the levels of 11078.

Support for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where break out levels are lying.

Resistance for the index lies in the zone of 11200 to 11300 where the index has formed a high in the month of August-2017 and September-2017. If the index manages to close below these levels then the index can move to the levels of 11400 to 11500.

Broad range for the index is seen from 10700 to 10800 on downside & 11300 to 11400 on upside.

Nifty Auto Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Oct 09, 2017 – Oct 13, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.80%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 10850 to 10900. Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where the index has formed a high in the month of August-2017 and September-2017. During the week the index manages to hit a high of 11069 and close the week around the levels of 11007.

Minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10500 to 10600 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs, 200 Daily moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where the index has formed a high in the month of August-2017 and September-2017.

Broad range for the index is seen from 10700 to 10800 on downside & 11200 to 11300 on upside.

Nifty Auto Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Oct 03, 2017 – Oct 06, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.10%.

As we have mentioned last week, that minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10500 to 10600 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs and Fibonacci levels are lying. During the week the index manages to hit a low of 10560 and close the week around the levels of 10811.

Support for the index lies in the zone of 10500 to 10600 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs, 200 Daily moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10850 to 10900. Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where the index has formed a high in the month of August-2017 and September-2017.

Broad range for the index is seen from 10500 to 10600 on downside & 11100 to 11200 on upside.

Nifty Auto Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Sep 25, 2017 – Sep 29, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.40%.

As we have mentioned last week, that resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where the index has formed a high in the month of August-2017. During the week the index manages to hit a high of 11218 and close the week around the levels of 10927.

Minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10500 to 10600 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where the index has formed a high in the month of August-2017.

Broad range for the index is seen from 10500 to 10600 on downside & 11300 to 11400 on upside.

Nifty Auto Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.80%.

As we have mentioned last week, that resistance for the index lies in the zone of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying. During the week the index manages to hit a high of 11026 and close the week around the levels of 10971.

Minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10500 to 10600 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where the index has formed a high in the month of August-2017.

Broad range for the index is seen from 10500 to 10600 on downside & 11300 to 11400 on upside.

Nifty Auto Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.50%.

As we have mentioned last week, that minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10600 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs and Fibonacci levels are lying. During the week the index manages to hit a low of 10687 and close the week around the levels of 10779.

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10600 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

Broad range for the index is seen from 10500 to 10600 on downside & 11200 to 11300 on upside.

Nifty Auto Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.40%.

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10600 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs and Fibonacci levels are lying. During the week the index manages to hit a low of 10486 and close the week around the levels of 10824.

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10600 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

Broad range for the index is seen from 10500 to 10600 on downside & 11200 to 11300 on upside.

Nifty Auto Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.00%.

As we have mentioned last week, that support for the index lies in the zone of 10470 to 10520 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs. During the week the index manages to hit a low of 10468 and close the week around the levels of 10571.

Support for the index lies in the zone of 10500 to 10600 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

Broad range for the index is seen from 10100 to 10200 on downside & 11000 to 11100 on upside.

Nifty Auto Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.10%.

As we have mentioned last week, that resistance for the index lies in the zone of 10470 to 10520 where medium term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying. During the week the index manages to hit a high of 10810 and close the week around the levels of 10676.

Support for the index lies in the zone of 10470 to 10520 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs.

Resistance for the index lies in the zone of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

Broad range for the index is seen from 10100 to 10200 on downside & 11000 to 11100 on upside.

Nifty Auto Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 6.10%.

As we have mentioned last week, that resistance for the index lies in the zone of 11150 to 11200 where channel resistance for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11500 to 11600 where Fibonacci levels are lying. During the week the index manages to hit a high of 11247 and close the week around the levels of 10458.

Support for the index lies in the zone of 10200 to 10300 from where the index broke out of Feb-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 9900 to 10000 trend-line support and 200 daily moving averages are lying.

Resistance for the index lies in the zone of 10470 to 10520 where medium term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying.

Broad range for the index is seen from 10000 to 10100 on downside & 11000 to 11100 on upside.

Nifty Auto Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Aug 07, 2017 – Aug 11, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.90%.

As we have mentioned last week, that resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300. During the week the index manages to hit a high of 11201 and close the week around the levels of 11138.

Support for the index lies in the zone of 11000 to 11050 from where the index broke out of June-2017 and July-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10850 where short term moving averages are lying.

Resistance for the index lies in the zone of 11150 to 11200 where channel resistance for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11500 to 11600 where Fibonacci levels are lying.

Broad range for the index is seen from 10800 to 10900 on downside & 11300 to 11400 on upside.

Nifty Auto Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.20%.

As we have mentioned last week, that resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300. During the week the index manages to hit a high of 11109 and close the week around the levels of 10935.

Minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10650 to 10700 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where break out levels for the index is lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10600 to 10700 on downside & 11300 to 11400 on upside.

Nifty Auto Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (July 24, 2017 – July 28, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300. During the week the index manages to hit a high of 11055 and close the week around the levels of 10955.

Minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10650 to 10700 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where break out levels for the index is lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10600 to 10700 on downside & 11300 to 11400 on upside.

Nifty Auto Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (July 17, 2017 – July 21, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor support for the index lies in the zone of 10600 to 10650. Support for the index lies in the zone of 10500 to 10550 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci levels are lying. During the week the index manages to hit a low of 10573 and close the week around the levels of 10892.

Minor support for the index lies in the zone of 10750 to 10800. Support for the index lies in the zone of 10650 to 10700 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where break out levels for the index is lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10600 to 10700 on downside & 11200 to 11300 on upside.

Nifty Auto Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (July 10, 2017 – July 14, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.80%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10600 to 10700. Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300. During the week the index manages to hit a high of 10785 and close the week around the levels of 10729.

Minor support for the index lies in the zone of 10600 to 10650. Support for the index lies in the zone of 10500 to 10550 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10800. Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10400 to 10500 on downside & 11000 to 11100 on upside.

Nifty Auto Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (July 03, 2017 – July 07, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.90%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10700 to 10800. Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300. During the week the index manages to hit a high of 10680 and close the week around the levels of 10540.

Support for the index lies in the zone of 10500 to 10550 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10600 to 10700. Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10000 to 10100 on downside & 11000 to 11100 on upside.

Nifty Auto Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 27, 2017 – June 30, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 2.10%.

As we have mentioned last week that support for the index lies in the zone of 10600 to 10650 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 10624 and close the week around the levels of 10637.

Support for the index lies in the zone of 10600 to 10650 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10800. Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10000 to 10100 on downside & 11000 to 11100 on upside.

Nifty Auto Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 19, 2017 – June 23, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.60%.

As we have mentioned last week that resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300. During the week the index manages to hit a high of 11056 and close the week around the levels of 10869.

Support for the index lies in the zone of 10600 to 10650 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10500 to 10600 on downside & 11000 to 11100 on upside.

Nifty Auto Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 12, 2017 – June 16, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor support for the index lies in the zone of 10750 to 10800. Support for the index lies in the zone of 10600 to 10650 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels are lying. During the week the index manages to hit a low of 10793 and close the week around the levels of 11047.

Minor support for the index lies in the zone of 10850 to 10900. Support for the index lies in the zone of 10600 to 10650 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10500 to 10600 on downside & 11300 to 11400 on upside.

Nifty Auto Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 05, 2017 – June 09, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.10%.

As we have mentioned last week that resistance for the index lies in the zone of 10800 to 10850. If the index manages to close above these levels then the index can move to the levels of around 11000 to 11100 where Fibonacci levels are lying. During the week the index manages to hit a high of 10993 and close the week around the levels of 10942.

Minor support for the index lies in the zone of 10750 to 10800. Support for the index lies in the zone of 10600 to 10650 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10500 to 10600 on downside & 11300 to 11400 on upside.

Nifty Auto Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (May 29, 2017 – June 02, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.90%.

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10500 where the index has formed a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of around 10650 to 10750. During the week the index manages to hit a high of 10760 and close the week around the levels of 10712.

Minor support for the index lies in the zone of 10450 to 10500. Support for the index lies in the zone of 10150 to 10250 from where the index broke out of February-2017, March-2017 and April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of around 9900 to 9950 where medium term moving averages are lying.

Resistance for the index lies in the zone of 10800 to 10850. If the index manages to close above these levels then the index can move to the levels of around 11000 to 11100 where Fibonacci levels are lying.

Broad range for the index is seen from 10300 to 10400 on downside & 11000 to 11100 on upside.

Nifty Auto Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (May 22, 2017 – May 26, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10500 where the index has formed a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of around 10650 to 10750. During the week the index manages to hit a high of 10680 and close the week around the levels of 10410.

Minor support for the index lies in the zone of 10300 to 10350. Support for the index lies in the zone of 10100 to 10200 from where the index broke out of February-2017, March-2017 and April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of around 9900 to 9950 where short term moving averages are lying.

Resistance for the index lies in the zone of 10450 to 10500 where the index has formed a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of around 10650 to 10750.

Broad range for the index is seen from 10100 to 10200 on downside & 10600 to 10650 on upside.

Nifty Auto Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (May 15, 2017 – May 19, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 3.20%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10200 to 10250. Resistance for the index lies in the zone of 10350 to 10380. If the index manages to close above these levels then the index can move to the levels of around 10450 to 10500 where the index has formed a top in the month of September-2016. During the week the index manages to hit a high of 10461 and close the week around the levels of 10429.

Minor support for the index lies in the zone of 10300 to 10350. Support for the index lies in the zone of 10100 to 10200 from where the index broke out of February-2017, March-2017 and April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of around 9900 to 9950 where short term moving averages are lying.

Resistance for the index lies in the zone of 10450 to 10500 where the index has formed a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of around 10650 to 10750.

Broad range for the index is seen from 10100 to 10200 on downside & 10600 to 10650 on upside.

Nifty Auto Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (May 08, 2017 – May 12, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.40%.

As we have mentioned last week that resistance for the index lies in the zone of 10350 to 10380. If the index manages to close above these levels then the index can move to the levels of around 10450 to 10500 where the index has formed a top in the month of September-2016. During the week the index manages to hit a high of 10352 and close the week around the levels of 10108.

Support for the index lies in the zone of 10050 to 10100 from where the index broke out of March-2017 and April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of around 9850 to 9900 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10200 to 10250. Resistance for the index lies in the zone of 10350 to 10380. If the index manages to close above these levels then the index can move to the levels of around 10450 to 10500 where the index has formed a top in the month of September-2016.

Broad range for the index is seen from 9850 to 9900 on downside & 10300 to 10350 on upside.

Nifty Auto Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (May 02, 2017 – May 05, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.50%.

As we have mentioned last week that support for the index lies in the zone of 9840 to 9870 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9730 to 9780 where the index broke out after consolidation. Below these levels the index can drift to the levels around 9650 to 9700 where medium term & 200 Daily moving averages are lying. During the week the index manages to hit a low of 9871 and close the week around the levels of 10255.

Support for the index lies in the zone of 10050 to 10100 from where the index broke out of March-2017 and April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of around 9850 to 9900 where short term moving averages are lying.

Resistance for the index lies in the zone of 10350 to 10380. If the index manages to close above these levels then the index can move to the levels of around 10450 to 10500 where the index has formed a top in the month of September-2016.

Broad range for the index is seen from 10000 to 10050 on downside & 10400 to 10450 on upside.

Nifty Auto Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (April 24, 2017 – April 28, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.50%.

As we have mentioned last week that support for the index lies in the zone of 9840 to 9870 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9730 to 9780 where the index broke out after consolidation. During the week the index manages to hit a low of 9784 and close the week around the levels of 9859.

Support for the index lies in the zone of 9840 to 9870 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9730 to 9780 where the index broke out after consolidation. Below these levels the index can drift to the levels around 9650 to 9700 where medium term & 200 Daily moving averages are lying.

Minor resistance for the index lies in the zone of 9900 to 9930. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9700 to 9730 on downside & 10000 to 10050 on upside.

Nifty Auto Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (April 17, 2017 – April 21, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.90%.

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying. During the week the index manages to hit a high of 10060 and close the week around the levels of 9907.

Support for the index lies in the zone of 9840 to 9870 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9730 to 9780 where the index broke out after consolidation.

Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9730 to 9780 on downside & 10100 to 10150 on upside.

Nifty Auto Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (April 10, 2017 – April 13, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.10%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9920 to 9960. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying. During the week the index manages to hit a high of 10073 and close the week around the levels of 9994.

Minor support for the index lies in the zone of 9920 to 9940. Support for the index lies in the zone of 9840 to 9870 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9730 to 9780 where the index broke out after consolidation.

Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9800 to 9850 on downside & 10200 to 10250 on upside.

Nifty Auto Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (April 03, 2017 – April 07, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where Fibonacci level is lying. During the week the index manages to hit a low of 9795 and close the week around the levels of 9880.

Support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where Fibonacci level is lying.

Minor resistance for the index lies in the zone of 9920 to 9960. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9600 to 9650 on downside & 10000 to 10050 on upside.

Nifty Auto Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (March 27, 2017 – March 31, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.30%.

As we have mentioned last week that minor support for the index lies in the zone of 9880 to 9910. Support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where Fibonacci level is lying. During the week the index manages to hit a low of 9789 and close the week around the levels of 9878.

Support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where Fibonacci level is lying.

Minor resistance for the index lies in the zone of 9920 to 9960. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9600 to 9650 on downside & 10000 to 10050 on upside.

Nifty Auto Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (March 20, 2017 – March 24, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.35%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9820 to 9850. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying. During the week the index manages to hit a high of 10088 and manages to close the week around the levels of 10009.

Minor support for the index lies in the zone of 9880 to 9910. Support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where Fibonacci level is lying.

Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9800 to 9850 on downside & 10200 to 10250 on upside.

Nifty Auto Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (March 14, 2017 – March 17, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor support for the index lies in the zone of 9650 to 9680. Support for the index lies in the zone of 9580 to 9620 where Fibonacci level is lying and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9350 to 9400 where 200 Daily SMA and breakout levels are lying. During the week the index manages to hit a low of 9644 and close the week around the levels of 9779.

Minor support for the index lies in the zone of 9680 to 9710. Support for the index lies in the zone of 9580 to 9620 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9400 to 9440 where 200 Daily SMA and breakout levels are lying.

Minor resistance for the index lies in the zone of 9820 to 9850. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9600 to 9650 on downside & 9900 to 9950 on upside.

Nifty Auto Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (March 06, 2017 – March 10, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.80%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9810 to 9850. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying. During the week the index manages to hit a high of 9821 and close the week around the levels of 9680.

Minor support for the index lies in the zone of 9650 to 9680. Support for the index lies in the zone of 9580 to 9620 where Fibonacci level is lying and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9350 to 9400 where 200 Daily SMA and breakout levels are lying.

Minor resistance for the index lies in the zone of 9810 to 9850. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9500 to 9550 on downside & 9850 to 9900 on upside.

Nifty Auto Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (February 27, 2017 – March 03, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.80%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9750 to 9800. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying. During the week the index manages to hit a high of 9808 and close the week around the levels of 9762.

Minor support for the index lies in the zone of 9700 to 9730. Support for the index lies in the zone of 9520 to 9580 where Fibonacci level is lying and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9350 where 200 Daily SMA and breakout levels are lying.

Minor resistance for the index lies in the zone of 9810 to 9850. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9500 to 9550 on downside & 9900 to 9950 on upside.

Nifty Auto Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (February 20, 2017 – February 24, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 3.00%.

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10250 to 10350 where trend-line joining highs of September-2016 and October-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10500 where the index was top out in the month of September-2016. During the week the index manages to hit a high of 10030 and close the week around the levels of 9684.

Support for the index lies in the zone of 9520 to 9580 where Fibonacci level is lying and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9350 where 200 Daily SMA and breakout levels are lying.

Minor resistance for the index lies in the zone of 9750 to 9800. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9300 to 9350 on downside & 9900 to 9950 on upside.

Nifty Auto Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (February 13, 2017 – February 17, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.12%.

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10250 to 10350 where trend-line joining highs of September-2016 and October-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10500 where the index was top out in the month of September-2016. During the week the index manages to hit a high of 10066 and close the week around the levels of 9987.

Support for the index lies in the zone of 9750 to 9800 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where Fibonacci level is lying.

Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10250 to 10350 where trend-line joining highs of September-2016 and October-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10500 where the index was top out in the month of September-2016.

Broad range for the index is seen from 9650 to 9700 on downside to 10350 to 10400 on upside.

Nifty Auto Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (February 06, 2017 – February 10, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.40%.

As we have mentioned last week that support for the index lies in the zone of 9750 to 9800 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where Fibonacci level is lying. During the week the index manages to hit a low of 9822 and close the week around the levels of 9975.

Support for the index lies in the zone of 9750 to 9800 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where Fibonacci level is lying.

Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10250 to 10350 where trend-line joining highs of September-2016 and October-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10500 where the index was top out in the month of September-2016.

Broad range for the index is seen from 9650 to 9700 on downside to 10350 to 10400 on upside.

Nifty Auto Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 30, 2017 – February 03, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 4.30%.

As we have mentioned last week that resistance for the index lies in the zone of 9750 to 9830 from where the index has broken down from September-2016 and October-2016 lows. If the index manages to close above these levels then the index can move to the levels of 10000 from where the index sold off in November-2016. During the week the index manages to hit a high of 10051 and close the week around the levels of 10015.

Support for the index lies in the zone of 9750 to 9800 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where Fibonacci level is lying.

Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10250 to 10350 where trend-line joining highs of September-2016 and October-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10500 where the index was top out in the month of September-2016.

Broad range for the index is seen from 9650 to 9700 on downside to 10350 to 10400 on upside.

Nifty Auto Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 23, 2017 – January 27, 2017) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 9750 to 9830 from where the index has broken down from September-2016 and October-2016 lows. If the index manages to close above these levels then the index can move to the levels of 10000 from where the index sold off in November-2016. During the week the index manages to hit a high of 9717 and close the week around the levels of 9601.

Minor support for the index lies in the zone of 9500 to 9550. Support for the index lies in the zone of 9350 to 9400 from where the index broke out on December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 9050 to 9100 where 200 Daily SMA and Fibonacci ratio is lying.

Resistance for the index lies in the zone of 9750 to 9830 from where the index has broken down from September-2016 and October-2016 lows. If the index manages to close above these levels then the index can move to the levels of 10000 from where the index sold off in November-2016.

Broad range for the index is seen from 9400 to 9450 on downside to 9800 to 9850 on upside.

Nifty Auto Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 16, 2017 – January 20, 2017) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 1.00%.

As we have mentioned last week that resistance for the index lies in the zone of 9450 to 9550 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down. During the week the index manages to hit a high of 9741 and close the week around the levels of 9601.

Minor support for the index lies in the zone of 9500 to 9550. Support for the index lies in the zone of 9350 to 9400 from where the index broke out on December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 9050 to 9100 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 9750 to 9830 from where the index has broken down from September-2016 and October-2016 lows. If the index manages to close above these levels then the index can move to the levels of 10000 from where the index sold off in November-2016.

Broad range for the index is seen from 9400 to 9450 on downside to 9800 to 9850 on upside.

Nifty Auto Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 09, 2017 – January 13, 2017) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 4.00%.

As we have mentioned last week that support for the index lies in the zone of 9000 to 9050 where 200 Daily SMA is lying. Support for the index lies in the zone of 8800 to 8850 from where the index has bounced couple of times in the month of December-2016. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day. During the week the index manages to hit a low of 9099 and close the week around the levels of 9507.

Minor support for the index lies in the zone of 9250 to 9300 where short term moving averages are lying. Support for the index lies in the zone of 9050 to 9100 where 200 Daily SMA is lying. Support for the index lies in the zone of 8800 to 8850 from where the index has bounced couple of times in the month of December-2016. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day.

Resistance for the index lies in the zone of 9450 to 9550 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down.

Broad range for the index is seen from 9200 to 9250 on downside to 9800 to 9850 on upside.

Nifty Auto Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 02, 2017 – January 06, 2017) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 1.70%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9050 to 9100 from where the index has broken down on intraday basis. Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. During the week the index manages to hit a high of 9172 and close the week around the levels of 9142.

Support for the index lies in the zone of 9000 to 9050 where 200 Daily SMA is lying. Support for the index lies in the zone of 8800 to 8850 from where the index has bounced couple of times in the month of December-2016. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day.

Minor resistance for the index lies in the zone of 9250 to 9300. Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down.

Broad range for the index is seen from 8900 to 8950 on downside to 9300 to 9350 on upside.

 

Nifty Auto Outlook for the Week (December 26, 2016 – December 30, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (December 26, 2016 – December 30, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 1.80%.

As we have mentioned last week that support for the index lies in the zone of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day. During the week the index manages to hit a low of 8875 and close the week around the levels of 8987.

The index has closed below the levels of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day.

Minor resistance for the index lies in the zone of 9050 to 9100 from where the index has broken down on intraday basis. Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down from the consolidation in the month of September-2016 and October-2016.

Broad range for the index is seen from 8700 to 8750 on downside to 9200 to 9250 on upside.

Nifty Auto Outlook for the Week (December 19, 2016 – December 23, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (December 19, 2016 – December 23, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 1.20%.

As we have mentioned last week that support for the index lies in the zone of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day. During the week the index manages to hit a low of 9043 and close the week around the levels of 9140.

Support for the index lies in the zone of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day.

Minor resistance for the index lies in the zone of 9250 to 9300. Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down from the consolidation in the month of September-2016 and October-2016.

Broad range for the index is seen from 8850 to 8900 on downside to 9400 to 9500 on upside.

Nifty Auto Outlook for the Week (December 12, 2016 – December 16, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (December 12, 2016 – December 16, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 4.10%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8900 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where the index had a gap down opening on 15/11/2016. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500 where short term and medium term moving averages are lying. During the week the index manages to hit a high of 9365 and close the week around the levels of 9252.

Support for the index lies in the zone of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day.

Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down from the consolidation in the month of September-2016 and October-2016.

Broad range for the index is seen from 8900 to 8950 on downside to 9400 to 9500 on upside.

Nifty Auto Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (December 05, 2016 – December 09, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 1.20%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8900 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where the index had a gap down opening on 15/11/2016. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500 where short term and medium term moving averages are lying. During the week the index manages to hit a high of 9130 and close the week around the levels of 8889.

Support for the index lies in the zone of 8550 to 8750 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8300 where the index has taken support in the month of June-2016.

Minor resistance for the index lies in the zone of 8900 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where the index had a gap down opening on 15/11/2016. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500 where short term and medium term moving averages are lying.

Broad range for the index is seen from 8500 to 8550 on downside to 9250 to 9300 on upside.

Nifty Auto Outlook for the Week (November 28, 2016 – December 02, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (November 28, 2016 – December 02, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 2.30%.

As we have mentioned last week that support for the index lies in the zone of 8550 to 8750 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8300 where the index has taken support in the month of June-2016. During the week the index manages to hit a low of 8659 and close the week around the levels of 8780.

Support for the index lies in the zone of 8550 to 8750 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8300 where the index has taken support in the month of June-2016.

Minor resistance for the index lies in the zone of 8900 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where the index had a gap down opening on 15/11/2016. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500 where short term and medium term moving averages are lying.

Broad range for the index is seen from 8500 to 8550 on downside to 9250 to 9300 on upside.

Nifty Auto Outlook for the Week (November 21, 2016 – November 25, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (November 21, 2016 – November 25, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 3.50%.

As we have mentioned last week that support for the index lies in the zone of 9050 to 9100 where the index has formed a top in the month of January-2015. If the index manages to break below these levels then the index can drift to the levels of 8500 to 8600 where long term moving averages are lying. During the week the index manages to hit a low of 8771 and close the week around the levels of 8984.

Support for the index lies in the zone of 8550 to 8750 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8300 where the index has taken support in the month of June-2016.

Resistance for the index lies in the zone of 9200 to 9250 where the index had a gap down opening on 15/11/2016. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500 where short term and medium term moving averages are lying.

Broad range for the index is seen from 8500 to 8550 on downside to 9250 to 9300 on upside.

Nifty Auto Outlook for the Week (November 15, 2016 – November 18, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (November 15, 2016 – November 18, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 5.70%.

As we have mentioned last week that resistance for the index lies in the zone of 10100 to 10200. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500 where the index has formed a top in the month of September – 2016 and October – 2016. During the week the index manages to hit a high of 10098 and close the week around the levels of 9308.

Support for the index lies in the zone of 9050 to 9100 where the index has formed a top in the month of January-2015. If the index manages to break below these levels then the index can drift to the levels of 8500 to 8600 where long term moving averages are lying.

Minor resistance for the index lies in the zone of 9700 to 9750. Resistance for the index lies in the zone of 10100 to 10200. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500 where the index has formed a top in the month of September – 2016 and October – 2016.

Broad range for the index is seen from 9000 to 9100 on downside to 9700 to 9750 on upside.

Nifty Auto Outlook for the Week (November 07, 2016 – November 11, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (November 07, 2016 – November 11, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 1.80%.

As we have mentioned last week that minor support for the index lies in the zone of 10060 to 10120. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016. During the week the index manages to hit a low of 9827 and close the week around the levels 9871.

Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Resistance for the index lies in the zone of 10100 to 10200. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500 where the index has formed a top in the month of September – 2016 and October – 2016.

Broad range for the index is seen from 9500 to 9550 on downside to 10100 to 10200 on upside.

Nifty Auto Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (November 01, 2016 – November 04, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 0.40%.

As we have mentioned last week that minor support for the index lies in the zone of 10060 to 10120. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016. During the week the index manages to hit a low of 9874 and close the week around the levels of 10057.

Minor support for the index lies in the zone of 10060 to 10120. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Minor resistance for the index lies in the zone of 10350 to 10400. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs, virtually no resistance is visible.

Broad range for the index is seen from 9700 to 9750 on downside to 10400 to 10500 on upside.

Nifty Auto Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (October 24, 2016 – October 28, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 1.20%.

As we have mentioned last week that minor support for the index lies in the zone of 10060 to 10120. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016. During the week the index manages to hit a low of 9986 and close the week around the levels of 10102.

Minor support for the index lies in the zone of 10060 to 10120. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Minor resistance for the index lies in the zone of 10350 to 10400. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs, virtually no resistance is visible.

Broad range for the index is seen from 9800 to 9850 on downside to 10500 to 10600 on upside.

Nifty Auto Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (October 17, 2016 – October 21, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 1.20%.

As we have mentioned last week that minor support for the index lies in the zone of 10060 to 10120. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016. During the week the index manages to hit a low of 10116 and close the week around the levels of 10223.

Minor support for the index lies in the zone of 10060 to 10120. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Minor resistance for the index lies in the zone of 10350 to 10400. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs, virtually no resistance is visible.

Broad range for the index is seen from 9850 to 9900 on downside to 10500 to 10600 on upside.

Nifty Auto Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (October 10, 2016 – October 14, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 3.10%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10250 to 10300. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible. During the week the index manages to hit a high of 10402 and close the week around the levels of 10344.

Minor support for the index lies in the zone of 10060 to 10120. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Minor resistance for the index lies in the zone of 10350 to 10400. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 10000 to 10050 on downside to 10500 to 10600 on upside.

Nifty Auto Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (October 03, 2016 – October 07, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on negative note losing around 1.90%.

As we have mentioned last week that minor support for the index lies in the zone 10000 to 10100. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where short term moving averages are lying. During the week the index manages to hit a low of 9842 and close the week around the levels of 10029.

Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Minor resistance for the index lies in the zone of 10250 to 10300. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 9700 to 9750 on downside to 10300 to 10400 on upside.

Nifty Auto Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (September 26, 2016 – September 30, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 1.10%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10250 to 10300. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible. During the week the index manages to hit a high of 10282 and close the week around the levels of 10225.

Minor support for the index lies in the zone 10000 to 10100. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10250 to 10300. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 9800 to 9850 on downside to 10500 to 10600 on upside.

Nifty Auto Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (September 19, 2016 – September 23, 2016) :

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 1.80%.

As we have mentioned last week that minor support for the index lies in the zone 10000 to 10100. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 9400 to 9450 where short term moving averages are lying. During the week the index manages to hit a low of 9970 and close the week around the levels of 10118.

Minor support for the index lies in the zone 10000 to 10100. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10250 to 10300. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 9800 to 9850 on downside to 10400 to 10500 on upside.

Nifty Auto Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (September 12, 2016 – September 16, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 2.40%.

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10100. If the index manages to close above these levels then the index can move to the levels of 10500. As the index is trading at the all time highs virtually no resistance is visible. During the week the index manages to hit a high of 10467 and close the week around the levels of 10299.

Minor support for the index lies in the zone 10000 to 10100. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 9400 to 9450 where short term moving averages are lying.

Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 9800 to 9850 on downside to 10600 to 10700 on upside.

Nifty Auto Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (September 06, 2016 – September 09, 2016) :

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on positive note gaining around 5.40%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9600 to 9650. Resistance for the index lies in the zone of 9850 to 9900 where the index has formed a short term top. Index is trading around the life – time highs, so virtually no resistance is visible. During the week the index manages to hit a high of 10069 and close the week around the levels of 10053.

Minor support for the index lies in the zone 9850 to 9900. Support for the index lies in the zone of 9600 to 9650. If the index manages to close below these levels then the index can drift to the levels of 9400 to 9450 where short term moving averages are lying.

Resistance for the index lies in the zone of 10000 to 10100. If the index manages to close above these levels then the index can move to the levels of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 9800 to 9850 on downside to 10300 to 10400 on upside.

Nifty Auto Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 29, 2016 – September 02, 2016) :

NIFTY AUTO:

 

CNXAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.00%.

As we have mentioned last week that minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 8900 where medium term moving averages are lying. During the week the index manages to hit a low of 9453 and close the week around the levels of 9538.

Minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 8900 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 9600 to 9650. Resistance for the index lies in the zone of 9850 to 9900 where the index has formed a short term top. Index is trading around the life – time highs, so virtually no resistance is visible.

Broad range for the index is seen from 9200 to 9250 on downside to 9700 to 9750 on upside.

Nifty Auto Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 22, 2016 – August 26, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on positive note gaining around 0.20%.

As we have mentioned last week that minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 where the index has made a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9050 where short term moving averages are lying. During the week the index manages to hit a low of 9497 and close the week around the levels of 9639.

Minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 8900 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 9850 to 9900. Index is trading around the life – time highs, so virtually no resistance is visible.

Broad range for the index is seen from 9400 to 9450 on downside to 9850 to 9900 on upside.

Nifty Auto Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 16, 2016 – August 19, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 1.20%.

As we have mentioned last week that minor support for the index lies in the zone 9500. Support for the index lies in the zone of 9150 to 9200 where the index has made a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9050 where short term moving averages are lying. During the week the index manages to hit a low of 9433 and close the week around the levels of 9618.

Minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 where the index has made a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9050 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 9850 to 9900. Index is trading around the life – time highs, so virtually no resistance is visible.

Broad range for the index is seen from 9400 to 9450 on downside to 9850 to 9900 on upside.

Nifty Auto Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 08, 2016 – August 12, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on positive note gaining around 2.80%.

As we have mentioned last week that minor support for the index lies in the zone 9200. Support for the index lies in the zone of 8880 to 8950 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8650 to 8700 where short term moving averages are lying. During the week the index manages to hit a low of 9283 and close the week around the levels of 9739.

Minor support for the index lies in the zone 9500. Support for the index lies in the zone of 9150 to 9200 where the index has made a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9050 where short term moving averages are lying.

The index has close at the life time highs. So virtually no resistance is visible.

Broad range for the index is seen from 9500 to 9550 on downside to 9950 to 1000 on upside.

Nifty Auto Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 01, 2016 – August 05, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on positive note gaining around 1.90%.

As we have mentioned last week that the index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9400 to 9450. During the week the index manages to hit a high of 9512 and close the week around the levels of 9471.

Minor support for the index lies in the zone 9200. Support for the index lies in the zone of 8880 to 8950 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8650 to 8700 where short term moving averages are lying.

The index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9550 to 9600.

Broad range for the index is seen from 9100 to 9150 on downside to 9600 to 9650 on upside.

Nifty Auto Outlook for the Week (July 25, 2016 – July 29, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (July 25, 2016 – July 29, 2016):

NIFTY AUTO:

 

CNXAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.90%.

As we have mentioned last week that the index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9400 to 9450. During the week the index manages to hit a high of 9331 and close the week around the levels of 9290.

Minor support for the index lies in the zone 9100. Support for the index lies in the zone of 8880 to 8950 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8650 to 8700 where short term moving averages are lying.

The index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9400 to 9450.

Broad range for the index is seen from 9000 to 9050 on downside to 9450 to 9500 on upside.

Nifty Auto Outlook for the Week (July 18, 2016 – July 22, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (July 18, 2016 – July 22, 2016):

NIFTY AUTO:

 

niftyauto

 

Nifty AUTO index closed the week on positive note gaining around 3.80%.

As we have mentioned last week that Index has closed around the resistance zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 9254 and close the week around the levels of 9204.

Minor support for the index lies in the zone 9100. Support for the index lies in the zone of 8880 to 8950 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8650 to 8700 where short term moving averages are lying.

The index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9400 to 9450.

Broad range for the index is seen from 9000 to 9050 on downside to 9450 to 9500 on upside.

Nifty Auto Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (July 11, 2016 – July 15, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 0.30%.

As we have mentioned last week that Index has closed around the resistance zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8989 and close the week around the levels of 8870.

Minor support for the index lies in the zone 8700 to 8750. Support for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying.

Index has closed around the resistance zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8700 to 8750 on downside to 9050 to 9100 on upside.

Nifty Auto Outlook for the Week (July 04, 2016 – July 08, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (July 04, 2016 – July 08, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on positive note gaining around 3.00%.

As we have mentioned last week that support for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying. During the week the index manages to hit a low of 8567 and close the week around the levels of 8895.

Minor support for the index lies in the zone 8700 to 8750. Support for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying.

Index has closed around the resistance zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8700 to 8750 on downside to 9050 to 9100 on upside.

Nifty Auto Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (June 27, 2016 – July 01, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 0.50%.

As we have mentioned last week that resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8880 and close the week around the levels of 8632.

Support for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8300 to 8350 on downside to 8800 to 8850 on upside.

Nifty Auto Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (June 20, 2016 – June 24, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 0.20%.

As we have mentioned last week that support for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where short term moving averages are lying. During the week the index manages to hit a low of 8537 and close the week around the levels of 8675.

Support for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where short term moving averages are lying.

Resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8500 to 8550 on downside to 8800 to 8850 on upside.

Nifty Auto Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (June 13, 2016 – June 17, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 0.70%.

As we have mentioned last week that resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8862 and close the week around the levels of 8688.

Support for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where short term moving averages are lying.

Resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8500 to 8550 on downside to 8800 to 8850 on upside.

Nifty Auto Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (June 06, 2016 – June 10, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 4.20%.

As we have mentioned last week that resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800. During the week the index manages to hit a high of 8814 and close the week around the levels of 8749.

Support for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where short term moving averages are lying.

Resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8500 to 8550 on downside to 8950 to 9000 on upside.

Nifty Auto Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 30, 2016 – June 03, 2016):

NIFTY AUTO:

 

niftyauto

 

Nifty AUTO index closed the week on positive note gaining around 3.90%.

As we have mentioned last week that support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying. During the week the index manages to hit a low of 8005 and close the week around the levels of 8394.

Minor support for the index lies in the zone of 8100 where short term moving averages are lying. Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 8100 to 8150 on downside to 8550 to 8600 on upside.

Nifty Auto Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 23, 2016 – May 27, 2016):

NIFTY AUTO:

 

jcharts(5)

 

Nifty AUTO index closed the week on negative note losing around 1.00%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8300 to 8350. Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800. During the week the index manages to hit a high of 8304 and close the week around the levels of 8080.

Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Minor resistance for the index lies in the zone of 8300 to 8350. Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 7900 to 7950 on downside to 8350 to 8400 on upside.

Nifty Auto Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 16, 2016 – May 20, 2016):

NIFTY AUTO:

 

niftyauto

 

Nifty AUTO index closed the week on negative note losing around 0.60%.

As we have mentioned last week that support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying. During the week the index manages to hit a low of 8076 and close the week around the levels of 8160.

Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Minor resistance for the index lies in the zone of 8300 to 8350. Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 7900 to 7950 on downside to 8350 to 8400 on upside.

Nifty Auto Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 09, 2016 – May 13, 2016):

NIFTY AUTO:

 

niftyauto

 

Nifty AUTO index closed the week on negative note losing around 1.20%.

As we have mentioned last week that minor support for the index lies in the zone of 8150 to 8200. Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying. During the week the index manages to hit a low of 8055 and close the week around the levels of 8193.

Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 7900 to 7950 on downside to 8450 to 8500 on upside.

Nifty Auto Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 02, 2016 – May 06, 2016):

NIFTY AUTO:

 

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.80%.

As we have mentioned last week that resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800. During the week the index manages to hit a high of 8523 and close the week around the levels of 8284.

Minor support for the index lies in the zone of 8150 to 8200. Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 8100 to 8150 on downside to 8450 to 8500 on upside.

 

Nifty Auto Outlook for the Week (April 25, 2016 – April 29, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (April 25, 2016 – April 29, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800. During the week the index manages to hit a high of 8436 and close the week around the levels of 8403.

Minor support for the index lies in the zone of 8150 to 8250. Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 8200 to 8250 on downside to 8500 to 8550 on upside.

Nifty Auto Outlook for the Week (April 18, 2016 – April 22, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (April 18, 2016 – April 22, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 7.40%.

As we have mentioned last week that support for the index lies in the zone of 7750 to 7800 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying. During the week the index manages to hit a low of 7818 and close the week around the levels of 8400.

Minor support for the index lies in the zone of 8120 to 8160 where the index has opened gap up on 13/04/2016. Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 8100 to 8150 on downside to 8500 to 8550 on upside.

Nifty Auto Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (April 11, 2016 – April 13, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 2.50%.

As we have mentioned last week that support for the index lies in the zone of 7750 to 7800 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying. During the week the index manages to hit a low of 7799 and close the week around the levels of 7831.

Support for the index lies in the zone of 7750 to 7800 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying.

Strong resistance zone for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8300 from where the index has sold off in the month of Jan – 2016.

Broad range for the index is seen from 7700 to 7750 on downside to 8000 to 8050 on upside.

Nifty Auto Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (April 04, 2016 – April 08, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.40%.

As we have mentioned last week that the support for the index lies in the zone of 7800 to 7900 where 100 & 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying. During the week the index manages to hit a low of 7846 and bounce to close the week around the levels of 8025.

Support for the index lies in the zone of 7750 to 7800 where 100 & 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying.

The index has closed around the strong resistance zone of 8000 where 200 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8300 from where the index has sold off in the month of Jan – 2016.

Broad range for the index is seen from 7700 to 7750 on downside to 8100 to 8150 on upside.

Nifty Auto Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (March 28, 2016 – April 01, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.90%.

As we have mentioned last week that the resistance for the index lies in the zone of 7800 to 7900 where 100 & 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 8004 and close the week around the levels of 7991.

Support for the index lies in the zone of 7800 to 7900 where 100 & 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying.

The index has closed around the strong resistance zone of 8000 where 200 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8300 from where the index has sold off in the month of Jan – 2016.

Broad range for the index is seen from 7700 to 7750 on downside to 8100 to 8150 on upside.

Nifty Auto Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for NIFTY AUTO for the week (March 21, 2016 – March 23, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.60%.

As we have mentioned last week that the resistance for the index lies in the zone of 7800 to 7900 where 100 & 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 7831 and close the week around the levels of 7768.

Support for the index lies in the zone of 7400 to 7500 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 7000 to 7100 where channel support for the index is lying.

Resistance for the index lies in the zone of 7800 to 7900 where 100 & 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 200 Daily SMA is lying.

Broad range for the index is seen from 7500 to 7600 on downside to 7900 to 8000 on upside.

Nifty Auto Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (March 14, 2016 – March 18, 2016):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.70%.

As we have mentioned last week that the index has closed around the strong resistance zone of 7500 to 7600 where short term moving averages. If the index manages to close above this levels then the index can move to the levels of 7800 to 7900 where 100 & 500 Daily SMA is lying. During the week the index manages to hit a high of 7751 and close the week around the levels of 7719.

Support for the index lies in the zone of 7400 to 7500 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 7000 to 7100 where channel support for the index is lying.

Resistance for the index lies in the zone of 7800 to 7900 where 100 & 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 200 Daily SMA is lying.

Broad range for the index is seen from 7400 to 7500 on downside to 7900 to 8000 on upside.

Nifty Auto Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (March 08, 2016 – March 11, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 6.00%.

As we have mentioned last week that support for the index lies in the zone of 7000 to 7100 where channel support for the index is lying. Minor support for the index lies in the zone of 6800 from where the index has bounced. If the index closes below this levels then the index can drift to the levels of 6500. During the week the index manages to hit a low of 6984 and bounce to close the week around the levels of 7597.

Minor support for the index lies in the zone of 7250. Support for the index lies in the zone of 7000 to 7100 where channel support for the index is lying. Minor support for the index lies in the zone of 6800 from where the index has bounced. If the index closes below this levels then the index can drift to the levels of 6500.

The index has closed around the strong resistance zone of 7500 to 7600 where short term moving averages. If the index manages to close above this levels then the index can move to the levels of 7800 to 7900 where 100 & 500 Daily SMA is lying.

Broad range for the index is seen from 7200 to 7300 on downside to 7800 to 7900 on upside.

Nifty Auto Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 29, 2016 – March 04, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 3.70%.

As we have mentioned last week that the index has closed around the strong resistance zone of 7500 to 7600 where 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 & 200 Daily SMA is lying. During the week the index manages to hit a high of 7500 and sold off to close the week around the levels of 7169.

Support for the index lies in the zone of 7000 to 7100 where channel support for the index is lying. Minor support for the index lies in the zone of 6800 from where the index has bounced. If the index closes below this levels then the index can drift to the levels of 6500.

The index has closed around the strong resistance zone of 7500 to 7600 where short term moving averages and 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 & 200 Daily SMA is lying.

Broad range for the index is seen from 7000 to 7100 on downside to 7550 to 7650 on upside.

Nifty Auto Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 22, 2016 – February 26, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 5.10%.

As we have mentioned last week that resistance for the index lies in the zone of 7200 from where the index has broken down from the lows of Jan – 2016. If the index manages to close above this levels then the index can move to the levels of 7500 to 7600 where 500 Daily SMA is lying. During the week the index manages to hit a high of 7464 and close the week around the levels of 7436.

Support for the index lies in the zone of 7000 to 7100 where channel support for the index is lying. Minor support for the index lies in the zone of 6800 from where the index has bounced. If the index closes below this levels then the index can drift to the levels of 6500.

The index has closed around the strong resistance zone of 7500 to 7600 where 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 & 200 Daily SMA is lying.

Broad range for the index is seen from 7000 to 7100 on downside to 7550 to 7650 on upside.

Nifty Auto Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 15, 2016 – February 19, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 5.80%.

As we have mentioned last week that resistance for the index lies in the zone of 7600 to 7700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index closes above this levels then the index can move to the levels of 8000 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7557 and sold off to close the week around the levels of 7063.

The index has closed around the support zone of 7000 where channel support for the index is lying. Minor support for the index lies in the zone of 6800 from where the index has bounced. If the index closes below this levels then the index can drift to the levels of 6500.

Resistance for the index lies in the zone of 7200 from where the index has broken down from the lows of Jan – 2016. If the index manages to close above this levels then the index can move to the levels of 7500 to 7600 where 500 Daily SMA is lying.

Broad range for the index is seen from 6700 to 6800 on downside to 7200 to 7300 on upside.

Nifty Auto Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 08, 2016 – February 12, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014. During the week the index manages to hit a low of 7315 and bounce to close the week around the levels of 7500.

Support for the index lies in the zone of 7200 from where the index has broken out in the month of August – 2014 and channel support for the index is lying. If the index manages to close below this levels then the index can drift to the levels of 7000.

Resistance for the index lies in the zone of 7600 to 7700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index closes above this levels then the index can move to the levels of 8000 where 100 Daily SMA is lying.

Broad range for the index is seen from 7250 to 7300 on downside to 7600 to 7700 on upside.

Nifty Auto Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 01, 2016 – February 05, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.0%.

As we have mentioned last week that support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014. During the week the index manages to hit a low of 7411 and bounce to close the week around the levels of 7625.

Support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 7800 to 7900 where the index has broken the medium term bottom on 14/12/2015. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 Daily SMA is positioned.

Broad range for the index is seen from 7300 to 7350 on downside to 7800 to 7850 on upside.

Nifty Auto Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (January 25, 2016 – January 29, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014. During the week the index manages to hit a low of 7231 and bounce to close the week around the levels of 7544.

Support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 7800 to 7900 where the index has broken the medium term bottom on 14/12/2015. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 Daily SMA is positioned.

The index has formed a Dragon Fly Doji around the strong support zone in a downtrend indicating the trend reversal.

Broad range for the index is seen from 7200 to 7300 on downside to 7800 to 7850 on upside.

Nifty Auto Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (January 18, 2016 – January 22, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 2.60%.

As we have mentioned last week that support for the index lies in the zone of 7400 to 7500 where 500 Daily SMA and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014. During the week the index manages to hit a low of 7527 and virtually close at the lowest levels.

Support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 7800 to 7900 where the index has broken the medium term bottom on 14/12/2015. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 Daily SMA is positioned.

Broad range for the index is seen from 7200 to 7300 on downside to 7800 to 7850 on upside.

Nifty Auto Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (January 11, 2016 – January 15, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 7.0%.

As we have mentioned last week that resistance for the index lies in the zone of 8500 from where the index has sold off in the month of Nov-2015. If the index manages to close above this levels then the index can move to the levels of 8700 where trend-line joining earlier highs is positioned. During the week the index manages to hit a high of 8340 and sold off to close the week around the levels of 7748.

Support for the index lies in the zone of 7400 to 7500 where 500 Daily SMA and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 7900 to 8000 where the index has made a gap when the index opened gap down of 07/01/2016. If the index manages to close above this levels then the index can move to the levels of 8100 where 100 Daily SMA is positioned.

Broad range for the index is seen from 7400 to 7450 on downside to 7900 to 7950 on upside.

Nifty Auto Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (January 04, 2016 – January 08, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.40%.

As we have mentioned last week that strong resistance for the index lies in the zone of 8200 where short term moving averages and 100 Daily SMA are lying. If the index manages to close above this levels then the index can move to the levels of 8300 where 200 Daily SMA is positioned. During the week the index manages to hit a high of 8343 and close the week around the levels of 8328.

Support for the index lies in the zone of 8200 to 8250 where short term moving averages and 200 Daily SMA are positioned. If the index closes below this levels then the index can move to the levels of 8100 where 100 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 from where the index has sold off in the month of Nov-2015. If the index manages to close above this levels then the index can move to the levels of 8700 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 8100 to 8150 on downside to 8500 to 8550 on upside.

Nifty Auto Outlook for the Week (December 28, 2015 – January 01, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (December 28, 2015 – January 01, 2016):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on positive note gaining around 0.70%.

As we have mentioned last week that strong resistance for the index lies in the zone of 8200 where short term moving averages and 100 Daily SMA are lying. If the index manages to close above this levels then the index can move to the levels of 8300 where 200 Daily SMA is positioned. During the week the index manages to hit a high of 8165 and close the week around the levels of 8135.

Support for the index lies in the zone of 7900 where trend-line joining earlier lows is positioned. If the index closes below this levels then the index can drift to the levels of 7450 to 7500 where 500 Daily SMA and 100 Weekly SMA are positioned.

Strong resistance for the index lies in the zone of 8200 where short term moving averages and 100 Daily SMA are lying. If the index manages to close above this levels then the index can move to the levels of 8300 where 200 Daily SMA is positioned.

Broad range for the index is seen from 7900 to 7950 on downside to 8200 to 8250 on upside.

Nifty Auto Outlook for the Week (December 21, 2015 – December 24, 2015)

EquityPandit’s Outlook for NIFTY Auto for the week (December 21, 2015 – December 24, 2015):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on positive note gaining around 1.80%.

As we have mentioned last week that strong resistance for the index lies in the zone of 8200 where short term moving averages and 100 Daily SMA are lying. If the index manages to close above this levels then the index can move to the levels of 8300 where 200 Daily SMA is positioned. During the week the index manages to hit a high of 8165 and retraced to close the week around the levels of 8088.

Support for the index lies in the zone of 7900 where trend-line joining earlier lows is positioned. If the index closes below this levels then the index can drift to the levels of 7450 to 7500 where 500 Daily SMA and 100 Weekly SMA are positioned.

Strong resistance for the index lies in the zone of 8200 where short term moving averages and 100 Daily SMA are lying. If the index manages to close above this levels then the index can move to the levels of 8300 where 200 Daily SMA is positioned.

Broad range for the index is seen from 7850 to 7900 on downside to 8150 to 8200 on upside.

Nifty Auto Outlook for the Week (December 14, 2015 – December 18, 2015)

EquityPandit’s Outlook for NIFTY Auto for the week (December 14, 2015 – December 18, 2015):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on negative note losing around 3.60%.

As we have mentioned last week that support for the index lies in the zone of 8200 where 100 Daily SMA and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7900 where trend-line support for the index is positioned. During the week the index manages to hit a low of 7893 and close the week around the levels of 7948.

Index has closed around the support zone of 7900. If the index closes below this levels then the index can drift to the levels of 7450 to 7500 where 500 Daily SMA and 100 Weekly SMA are positioned.

Strong resistance for the index lies in the zone of 8200 where short term moving averages and 100 Daily SMA are lying. If the index manages to close above this levels then the index can move to the levels of 8300 where 200 Daily SMA is positioned.

Broad range for the index is seen from 7700 to 7750 on downside to 8100 to 8150 on upside.

Nifty Auto Outlook for the Week (December 07, 2015 – December 11, 2015)

EquityPandit’s Outlook for NIFTY Auto for the week (December 07, 2015 – December 11, 2015):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on negative note losing around 2.40%.

As we have mentioned last week that resistance for the index lies in the zone of 8533 where the index has opened the gap down on 21/08/2015. If the index manages to close above this levels then the index can move to the levels of 8700 where trend-line joining earlier highs is positioned. During the week the index manages to hit a high of 8563 and sold off to the levels of 8242.

Support for the index lies in the zone of 8200 where 100 Daily SMA and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7900 where trend-line support for the index is positioned.

Resistance for the index lies in the zone of 8350 where 200 Daily SMA is positioned. If the index closes above this levels then the index can move to the levels of 8500 from where the index has sold off.

The index has formed a Bearish engulfing pattern on weekly charts in an uptrend indicating the trend reversal. The index has to close above the levels of 8563 to negate this pattern.

Broad range for the index is seen from 8050 to 8100 on downside to 8400 to 8450 on upside.

Nifty Auto Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for NIFTY Auto for the week (November 30, 2015 – December 04, 2015):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on positive note gaining around 1.4%.

As we have mentioned last week that resistance for the index lies in the zone of 8350 to 8400 where 200 Daily SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 8700 where trend-line joining earlier highs is positioned. During the week the index manages to hit a high of 8530 and close the week around the levels of 8451.

Support for the index lies in the zone of 8350 where 200 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8200 where 100 Daily SMA and channel support for the index is positioned.

Resistance for the index lies in the zone of 8533 where the index has opened the gap down on 21/08/2015. If the index manages to close above this levels then the index can move to the levels of 8700 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 8300 to 8350 on downside to 8600 to 8650 on upside.

Nifty Auto Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for NIFTY Auto for the week (November 23, 2015 – November 27, 2015):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on positive note gaining around 2.0%.

As we have mentioned last week that resistance for the index lies in the zone of 8200 to 8250 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8400 where 200 Daily SMA is positioned. During the week the index manages to hit a high of 8392 and close the week around the levels of 8339.

Support for the index lies in the zone of 8200 where 100 Daily SMA is positioned. If the index closes below this levels then the index can drift to the levels of 7900 to 8000 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 8350 to 8400 where 200 Daily SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 8700 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 8150 to 8200 on downside to 8500 to 8550 on upside.

Nifty Auto Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for NIFTY Auto for the week (November 16, 2015 – November 20, 2015):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on positive note gaining around 0.40%.

As we have mentioned last week that support for the index lies in the zone of 7950 to 8000 where trend-line support for the index is positioned. If the index manages to break this levels on closing basis then the index can drift to the levels of 7600 where channel support for the index is positioned. During the week the index manages to hit a low of 7921 and bounce to close the week around the levels of 8178.

Support for the index lies in the zone of 7950 to 8000 where trend-line support for the index is positioned. If the index manages to break this levels on closing basis then the index can drift to the levels of 7600 where channel support for the index is positioned.

Resistance for the index lies in the zone of 8200 to 8250 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8400 where 200 Daily SMA is positioned.

Broad range for the index is seen from 7950 to 8000 on downside to 8250 to 8300 on upside.

CNX Auto Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for CNX Auto for the week (November 09, 2015 – November 13, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on positive note gaining around 0.70%.

As we have mentioned last week that resistance for the index lies in the zone of 8200 to 8250 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8400 where 200 Daily SMA is positioned. During the week the index manages to hit a high of 8269 and retraced to close the week around the levels of 8149.

Support for the index lies in the zone of 7950 to 8000 where trend-line support for the index is positioned. If the index manages to break this levels on closing basis then the index can drift to the levels of 7600 where channel support for the index is positioned.

Resistance for the index lies in the zone of 8200 to 8250 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8400 where 200 Daily SMA is positioned.

Broad range for the index is seen from 7950 to 8000 on downside to 8250 to 8300 on upside.

CNX Auto Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for CNX Auto for the week (November 02, 2015 – November 06, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on negative note losing around 1.6%.

As we have mentioned last week that the resistance for the index is lying in the zone of 8350 to 8400 where 200 DMA and channel resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 8500. During the week the index manages to hit a high of 8295 and sold off to close the week around the levels of 8093.

Support for the index lies in the zone of 7950 to 8000 where trend-line support for the index is positioned. If the index manages to break this levels on closing basis then the index can drift to the levels of 7600 where channel support for the index is positioned.

Resistance for the index lies in the zone of 8200 to 8250 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8400 where 200 Daily SMA is positioned.

The index has formed a Evening star pattern on weekly charts in an uptrend indicating the trend reversal.

Broad range for the index is seen from 7950 to 8000 on downside to 8250 to 8300 on upside.

CNX Auto Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for CNX Auto for the week (October 26, 2015 – October 30, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on negative note losing around 0.5%.

As we have mentioned last week that the resistance for the index is lying in the zone of 8350 to 8400 where 200 DMA and channel resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 8500. During the week the index manages to hit a high of 8370 and retraced to close the week around the levels of 8226.

Support for the index lies in the zone of 8150 to 8200 where 100 Daily SMA and short term moving averages are positioned. If the index breaks below this levels then the index can drift to the levels of 7950 to 8000 where long term trend-line support for the index is positioned.

Resistance for the index is lying in the zone of 8350 to 8400 where 200 DMA and channel resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 8500.

The index has form a Shooting Star pattern on weekly charts indicating the trend reversal. The index has to close above the strong resistance zone of 8400 to negate this pattern.

Broad range for the index is seen from 8050 to 8100 on downside to 8350 to 8400 on upside.

CNX Auto Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for CNX Auto for the week (October 19, 2015 – October 23, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on positive note gaining around 2.7%.

As we have mentioned last week that the index is trading around the strong resistance zone of 8050 from where the index has broken down. If the index manages to close above the levels of 8050 the index can move to the levels of 8200 to 8400 where 100 & 200 Daily SMA and channel resistance for the index are lying. During the week the index manages to hit a high of 8280 and virtually close at the high point of the week.

Support for the index lies in the zone of 8150 to 8200 where 100 Daily SMA and short term moving averages are positioned. If the index breaks below this levels then the index can drift to the levels of 7950 to 8000 where long term trend-line support for the index is positioned.

Resistance for the index is lying in the zone of 8350 to 8400 where 200 DMA and channel resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 8500.

Broad range for the index is seen from 8050 to 8100 on downside to 8350 to 8400 on upside.

CNX Auto Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for CNX Auto for the week (October 12, 2015 – October 16, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on positive note gaining around 4%.

As we have mentioned last week that the index has formed a Dragon Fly doji pattern on weekly charts in a downtrend indicating the trend reversal. If the index manages to close above the levels of 7850 then the index can move to the levels of 8050. The index manages to hit a high of 8098 during the week and close the week around the levels of 8050.

The index is trading around the strong resistance zone of 8050 from where the index has broken down. If the index manages to close above the levels of 8050 the index can move to the levels of 8200 to 8400 where 100 & 200 Daily SMA and channel resistance for the index are lying.

Support for the index lies in the zone of 7900 where trend-line support for the index is lying. If the index breaks below the levels of 7900 on closing basis then the index can move to the levels of 7600 to 7700 where channel support for the index is positioned.

Broad range for the index is seen from 7800 to 7850 on downside to 8250 to 8300 on upside.

CNX Auto Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for CNX Auto for the week (October 09, 2015 – October 09, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 7650. If the index manages to close below the levels of 7650 then the index can drift to the levels of 7400 where trend-line support for the index is lying. The index manages to hit a low of 7475 during the week before closing the week around the levels of 7737.

Strong resistance for the index lies in the zone of 8050 from where the index broke down. If the index manages to close above the levels of 8050 the index can move to the levels of 8200 to 8300 where 100 and 200 Daily SMA is positioned.

Support for the index lies in the zone of 7600. If the index manages to close below the levels of 7650 then the index can drift to the levels of 7300 where trend-line support and 100 Weekly SMA for the index are lying.

The index has formed a Dragon Fly doji pattern on weekly charts in a downtrend indicating the trend reversal. If the index manages to close above the levels of 7850 then the index can move to the levels of 8050.

Broad range for the index is seen from 7500 to 7550 on downside to 8000 to 8050 on upside.

CNX Auto Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for CNX Auto for the week (September 28, 2015 – October 02, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on negative note losing around 1.5%.

As we have mentioned last week that the index has a strong support around the levels of 7650 where channel support for the index is positioned. If the index drifts below this levels the index can move to the levels of 7400. During the week the index manages to hit a low of 7611 and bounce to close the week around the levels of 7721.

Strong resistance for the index lies in the zone of 8000 to 8050 from where the index broke down. If the index manages to close above the levels of 8050 the index can move to the levels of 8200 to 8300 where 100 and 200 Daily SMA is positioned.

Support for the index lies in the zone of 7650. If the index manages to close below the levels of 7650 then the index can drift to the levels of 7400 where trend-line support for the index is lying.

The index is taking support around the levels of 7600 where 20 Monthly EMA is lying which the