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Auto SectorAUTO SECTOR LONG TERM VIEW The automobile industry in India is the world’s fourth largest. India was the world's fourth largest manufacturer of cars and seventh largest manufacturer of commercial vehicles in 2019. Indian automotive industry (including component manufacturing) is expected to reach Rs 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. The industry attracted Foreign Direct Investment (FDI) worth US$ 24.21 billion during April 2000 to March 2020 accounting for ~5% of the total FDI during the period according to the data released by Department for Promotion of Industry and Internal Trade (DPIIT). Domestic automobile production increased at 2.36% CAGR between FY16-FY20 with 26.36 million vehicles being manufactured in the country in FY20. Overall, domestic automobiles sales increased at 1.29% CAGR between FY16-FY20 with 21.55 million vehicles being sold in FY20. Two wheelers and passenger vehicles dominate the domestic Indian auto market. Passenger car sales are dominated by small and mid-sized cars. Two wheelers and passenger cars accounted for 80.8% and 12.9% market share, respectively, accounting for a combined sale of over 20.1 million vehicles in FY20. Overall, automobile export reached 4.77 million vehicles in FY20, growing at a CAGR of 6.94% during FY16–FY20. Two wheelers made up 73.9% of the vehicles exported, followed by passenger vehicles at 14.2%, three wheelers at 10.5% and commercial vehicles at 1.3%.
NSE:CNXAUTOLong
by ExPeRtViEwStRaTeGy
Positional View of Nifty50 Stocks for 24-11-20ADANIPORTS - Current Position is Sell, sold on 2020-11-19 at 387.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if ADANIPORTS closes above 380.61 ASIANPAINT - Current Position is Buy, bought on 2020-11-23 at 2168.82. Action for Next Trading Day: Continue LONG and reverse to SHORT if ASIANPAINT closes below 2177.59 AXISBANK - Current Position is Sell, sold on 2020-11-19 at 619.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if AXISBANK closes above 604.50 BAJAJ-AUTO - Current Position is Buy, bought on 2020-11-20 at 3034.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJAJ-AUTO closes below 3064.18 BAJAJFINSV - Current Position is Buy, bought on 2020-11-02 at 5601.40. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJAJFINSV closes below 8474.17 BAJFINANCE - Current Position is Buy, bought on 2020-11-20 at 4589.90. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJFINANCE closes below 4710.88 BHARTIARTL - Current Position is Sell, sold on 2020-11-23 at 478.57. Action for Next Trading Day: Continue SHORT and reverse to LONG if BHARTIARTL closes above 481.47 BPCL - Current Position is Buy, bought on 2020-11-23 at 389.94. Action for Next Trading Day: Continue LONG and reverse to SHORT if BPCL closes below 387.49 BRITANNIA - Current Position is Buy, bought on 2020-11-19 at 3503.92. Action for Next Trading Day: Continue LONG and reverse to SHORT if BRITANNIA closes below 3548.40 CIPLA - Current Position is Buy, bought on 2020-11-23 at 741.65. Action for Next Trading Day: Continue LONG and reverse to SHORT if CIPLA closes below 744.55 COALINDIA - Current Position is Buy, bought on 2020-11-23 at 122.74. Action for Next Trading Day: Continue LONG and reverse to SHORT if COALINDIA closes below 121.23 DIVISLAB - Current Position is Buy, bought on 2020-11-20 at 3442.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if DIVISLAB closes below 3517.27 DRREDDY - Current Position is Buy, bought on 2020-11-23 at 4707.09. Action for Next Trading Day: Continue LONG and reverse to SHORT if DRREDDY closes below 4786.47 EICHERMOT - Current Position is Sell, sold on 2020-11-19 at 2566.10. Action for Next Trading Day: Continue SHORT and reverse to LONG if EICHERMOT closes above 2621.47 GAIL - Current Position is Buy, bought on 2020-11-20 at 93.90. Action for Next Trading Day: Continue LONG and reverse to SHORT if GAIL closes below 99.61 GRASIM - Current Position is Sell, sold on 2020-11-23 at 853.16. Action for Next Trading Day: Continue SHORT and reverse to LONG if GRASIM closes above 859.10 HCLTECH - Current Position is Buy, bought on 2020-11-20 at 813.95. Action for Next Trading Day: Continue LONG and reverse to SHORT if HCLTECH closes below 831.48 HDFC - Current Position is Sell, sold on 2020-11-19 at 2336.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if HDFC closes above 2273.47 HDFCBANK - Current Position is Buy, bought on 2020-11-20 at 1383.93. Action for Next Trading Day: Continue LONG and reverse to SHORT if HDFCBANK closes below 1382.33 HDFCLIFE - Current Position is Buy, bought on 2020-11-20 at 657.11. Action for Next Trading Day: Continue LONG and reverse to SHORT if HDFCLIFE closes below 649.40 HEROMOTOCO - Current Position is Buy, bought on 2020-11-23 at 3024.60. Action for Next Trading Day: Continue LONG and reverse to SHORT if HEROMOTOCO closes below 3038.20 HINDALCO - Current Position is Buy, bought on 2020-11-23 at 217.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if HINDALCO closes below 215.74 HINDUNILVR - Current Position is Buy, bought on 2020-11-23 at 2140.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if HINDUNILVR closes below 2121.32 ICICIBANK - Current Position is Sell, sold on 2020-11-19 at 490.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if ICICIBANK closes above 473.75 INDUSINDBK - Current Position is Buy, bought on 2020-11-23 at 836.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if INDUSINDBK closes below 826.28 INFY - Current Position is Buy, bought on 2020-11-20 at 1106.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if INFY closes below 1128.79 IOC - Current Position is Buy, bought on 2020-11-23 at 85.50. Action for Next Trading Day: Continue LONG and reverse to SHORT if IOC closes below 85.92 ITC - Current Position is Buy, bought on 2020-11-19 at 185.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if ITC closes below 189.49 JSWSTEEL - Current Position is Buy, bought on 2020-11-20 at 332.97. Action for Next Trading Day: Continue LONG and reverse to SHORT if JSWSTEEL closes below 334.13 KOTAKBANK - Current Position is Buy, bought on 2020-11-17 at 1788.44. Action for Next Trading Day: Continue LONG and reverse to SHORT if KOTAKBANK closes below 1879.03 LT - Current Position is Buy, bought on 2020-11-17 at 1077.15. Action for Next Trading Day: Continue LONG and reverse to SHORT if LT closes below 1109.36 M&M - Current Position is Buy, bought on 2020-11-17 at 639.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if M&M closes below 688.33 MARUTI - Current Position is Sell, sold on 2020-11-19 at 7019.66. Action for Next Trading Day: Continue SHORT and reverse to LONG if MARUTI closes above 7030.57 NESTLEIND - Current Position is Buy, bought on 2020-11-19 at 16858.21. Action for Next Trading Day: Continue LONG and reverse to SHORT if NESTLEIND closes below 17567.85 NTPC - Current Position is Buy, bought on 2020-11-19 at 89.27. Action for Next Trading Day: Continue LONG and reverse to SHORT if NTPC closes below 92.47 ONGC - Current Position is Buy, bought on 2020-11-23 at 72.06. Action for Next Trading Day: Continue LONG and reverse to SHORT if ONGC closes below 75.19 POWERGRID - Current Position is Buy, bought on 2020-11-19 at 185.54. Action for Next Trading Day: Continue LONG and reverse to SHORT if POWERGRID closes below 193.14 RELIANCE - Current Position is Buy, bought on 2020-11-23 at 1951.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if RELIANCE closes below 1933.71 SBILIFE - Current Position is Sell, sold on 2020-11-19 at 852.92. Action for Next Trading Day: Continue SHORT and reverse to LONG if SBILIFE closes above 838.40 SBIN - Current Position is Sell, sold on 2020-11-19 at 247.80. Action for Next Trading Day: Continue SHORT and reverse to LONG if SBIN closes above 243.68 SHREECEM - Current Position is Buy, bought on 2020-11-20 at 23827.30. Action for Next Trading Day: Continue LONG and reverse to SHORT if SHREECEM closes below 24088.44 SUNPHARMA - Current Position is Buy, bought on 2020-11-23 at 505.05. Action for Next Trading Day: Continue LONG and reverse to SHORT if SUNPHARMA closes below 510.06 TATAMOTORS - Current Position is Sell, sold on 2020-11-19 at 168.34. Action for Next Trading Day: Continue SHORT and reverse to LONG if TATAMOTORS closes above 175.06 TATASTEEL - Current Position is Buy, bought on 2020-11-03 at 407.50. Action for Next Trading Day: Continue LONG and reverse to SHORT if TATASTEEL closes below 533.22 TCS - Current Position is Buy, bought on 2020-11-19 at 2637.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if TCS closes below 2707.88 TECHM - Current Position is Buy, bought on 2020-11-20 at 829.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if TECHM closes below 855.33 TITAN - Current Position is Sell, sold on 2020-11-23 at 1344.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if TITAN closes above 1359.78 ULTRACEMCO - Current Position is Buy, bought on 2020-11-20 at 4812.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if ULTRACEMCO closes below 4842.51 UPL - Current Position is Buy, bought on 2020-11-20 at 418.79. Action for Next Trading Day: Continue LONG and reverse to SHORT if UPL closes below 423.57 WIPRO - Current Position is Buy, bought on 2020-11-20 at 344.41. Action for Next Trading Day: Continue LONG and reverse to SHORT if WIPRO closes below 353.71
NSE:NIFTY
by AstroAnalytica
2
Bajaj Finance OverviewBajaj Finance is in a very crucial stage. Most likely tomorrow it shall open gap down, and there are two cases for this. 1st Case - The Both red lines marked will act very crucial for BAJFIN. Any close above or below may set a new trend 2nd Case - Common Gaps are filled quickly so dont keep any short positions for a long time, rather buy at low levels for a long term perspective. If it falls at that level then most likely to move sideways, but must break with volume if it does fall Sell at 2070 with SL 2090 with targets of 2055, 2045 and 2035. Follow levels. Below 1906, it can slide of easily but we can expect a NON Rejection of price there.
NSE:BAJFINANCEShort
by UnknownUnicorn4419591
24