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INDEX OUTLOOKMARKET OUTLOOKNIFTY AUTO

NIFTY AUTO Outlook for the Week (January 29, 2024 – February 02, 2024)

NIFTY AUTO
NIFTY AUTO
NIFTY AUTO closed the previous week on a negative note losing 3.30%.

Technically, NIFTY AUTO share price will see immediate support at 18,251.43 and immediate resistance would be seen at 18,870.68.

If NIFTY AUTO share price closes below immediate support of 18,251.43, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 17,887.97 for the week.

On the positive side, immediate resistance will be seen at 18,870.68. Closing above 18,870.68, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 19,126.47 for the week.

Trading range for NIFTY AUTO share price for this week should be between 17,632.18 on down side and 19,489.93 on up side.

NIFTY AUTO Previous Week High: 18763

NIFTY AUTO Previous Week Low: 18143.75

NIFTY AUTO Previous Week Range: 619.25 Points

NIFTY AUTO share price support and resistance for the week (January 29, 2024 – February 02, 2024)

Level Type Value
Resistance 3 19,489.93
Resistance 2 19,126.47
Resistance 1 18,870.68
Support 1 18,251.43
Support 2 17,887.97
Support 3 17,632.18
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