NIFTY AUTO NSE:​CNXAUTO

ALL MENTIONED IN CHART

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

auto index is at it's 2 year's low(Dec 2016 levels). right time for investors to start buying in the auto sector.

Closing below 8500 on weekly chart can be a disaster......

ALL MENTIONED IN CHART

north

support level

refer chart for details

sell below

As per Analysis, another round of selling can happen for Auto's....Highly bearish on Auto's as it can fall till 8250 levels with minor support of 8450... Happy Trading!!!!

SEE CHART

NIFTY AUTO on a crucial support after breakdown on Daily. 38.2% fib retracement looks likely on the upside, where it can meet the next likely resistance.

10461 or 10388.39 act as near bottom

The log-normal monthly chart of NSE Auto. The support is observed at the lower part of the parallel channel. Great time to accumulate sector stocks.

Auto Stocks may be at a crucial level. Index has been creating a falling wedge pattern closely following the mentioned trend line. A weekly close below the red line may be bearish and targets upto 9920 levels. Similarly weekly closing above the falling trend line may signal uptrend till previous highs. Lot depends on news flow and earnings so lets see...

Reference for positional trades

A Failed Head and Shoulders, gave hopes for a rally but long traders got trapped as Everytime it tried to go up it faced selling Pressure.

NIFTY AUTO IS AT SUPPORT BE CAUTION TO SHORT THE AUTO SECTOR AFTER SEEING ASHOK LEYLAND AND BAJAJ AUTO