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NIFTY AUTO

Nifty Auto Outlook for the Week (Sept 26, 2022 – Sept 30, 2022)

Check Nifty Auto Index Full Analysis At Unicorn Signals

NIFTY AUTO Weekly Outlook and Analysis:

For the Week: (Sept 26, 2022 – Sept 30, 2022)

Nifty Auto Outlook for the Week (Sept 26, 2022 – Sept 30, 2022)

Check Nifty Auto Index Full Analysis At Unicorn Signals

NIFTY AUTO Index closed the week on positive note gaining 139.05 points 1.07%.

Weekly High: 13,412.90

Weekly Low: 12,872.55

Weekly Close: 13,093.50

Weekly Support & Resistance For Nifty Auto Index:

RESISTANCE 213,666                   
RESISTANCE 113,380 
SUPPORT 112,839
SUPPORT 212,585 
Nifty Auto Outlook for the Week (Sept 26, 2022 – Sept 30, 2022)

Technically on the daily charts we see minor support on the downside for NIFTY AUTO index lies at 12850 levels, whereas minor resistance on the upside is capped around 13300-13350 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 12650 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 13550.

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 12750 on downside and 13450 on upside.

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