faadoostocks

CNXAUTO index near important support after being in oversold

NSE:CNXAUTO   NIFTY AUTO
The weak numbers from auto companies lead to massive selloff in the auto stocks and also auto ancillaries.

Seems the fall would become a bit nimble now.

Below 8750 we may see more weakness towards 8515.

Regards,
Vinay
Comment: All targets reached on short side ... cheers

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