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NIFTY AUTO

Nifty Auto Outlook for the Week (Feb 27, 2023 – March 03, 2023)

Check Nifty Auto Index Full Analysis At Unicorn Signals

NIFTY AUTO Weekly Outlook and Analysis:

For the Week: (Feb 27, 2023 – March 03, 2023)

Nifty Auto Outlook for the Week (Feb 27, 2023 – March 03, 2023)

NIFTY AUTO Index closed the week on negative note losing 270.90 points 2.06%.

Weekly High: 13,228.60

Weekly Low: 12,853.95

Weekly Close: 12,869.10

Weekly Support & Resistance For Nifty Auto Index:

RESISTANCE 213,358                          
RESISTANCE 113,113
SUPPORT 112,739
SUPPORT 212,609
Nifty Auto Outlook for the Week (Feb 27, 2023 – March 03, 2023)

Technically on the daily charts we see minor support on the downside for NIFTY AUTO index lies at 12,700 levels, whereas minor resistance on the upside is capped around 12,950-13,000 levels.

If NIFTY AUTO index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 12,500 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 13,150.

Currently NIFTY AUTO index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12,550 on downside and 13,100 on upside.

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