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INDEX OUTLOOKMARKET OUTLOOKNIFTY AUTO

NIFTY AUTO Outlook for the Week (February 12, 2024 – February 16, 2024)

NIFTY AUTO
NIFTY AUTO
NIFTY AUTO closed the previous week on a negative note losing 3.34%.

Technically, NIFTY AUTO share price will see immediate support at 19,282.93 and immediate resistance would be seen at 19,951.33.

If NIFTY AUTO share price closes below immediate support of 19,282.93, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 18,989.87 for the week.

On the positive side, immediate resistance will be seen at 19,951.33. Closing above 19,951.33, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 20,326.67 for the week.

Trading range for NIFTY AUTO share price for this week should be between 18,614.53 on down side and 20,619.73 on up side.

NIFTY AUTO Previous Week High: 20033.6

NIFTY AUTO Previous Week Low: 19365.2

NIFTY AUTO Previous Week Range: 668.4 Points

NIFTY AUTO share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 20,619.73
Resistance 2 20,326.67
Resistance 1 19,951.33
Support 1 19,282.93
Support 2 18,989.87
Support 3 18,614.53
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