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CNXAUTO trade ideas

Auto Index Nears Breakdown: Hero Motocorp a Top Short Pick◉ Auto Sector Overview NSE:CNXAUTO ● The auto sector has recently experienced significant selling pressure, driving the index to hover just above its key support level at 22,000. ● However, there are concerns that this support level may not hold for long, potentially leading to a breakdown and continuation of the downtrend. In light of this scenario, short positions in select stocks within the sector could present a viable trading opportunity. ◉ Hero Motocorp Technical Analysis NSE:HEROMOTOCO ● On the weekly chart, Hero Motocorp has formed a Head & Shoulders pattern, a classic bearish reversal signal. ● The price has recently breached the neckline of this pattern, indicating a potential for further downside movement. This breach reinforces the bearish outlook for the stock. ◉ OI Data Analysis ● Open interest data shows a buildup of new short positions during recent trading sessions, further supporting the bearish sentiment. ● Additionally, the option chain data highlights a significant concentration of put writers at the 3900 level. ● With this level now breached, the stock is expected to maintain its negative momentum, potentially leading to further declines.
NSE:CNXAUTOShort
by GoodluckCapital
Top 10 Index View of Indian Equity Market The Nifty Index, also known as the Nifty 50, is a benchmark stock market index representing the weighted average of the top 50 companies listed on the National Stock Exchange of India (NSE). It is one of the two main stock indices used in India, alongside the BSE Sensex. ### Key Features of the Nifty 50 Index: - **Composition**: The Nifty 50 includes 50 of the largest and most liquid Indian companies across various sectors. - **Calculation**: The index is calculated using the free-float market capitalization-weighted method, which means it considers only the shares available for public trading. - **Sectors**: The Nifty 50 covers a diverse range of sectors such as financial services, information technology, consumer goods, energy, and more, providing a broad representation of the Indian economy. - **Rebalancing**: The index is reviewed semi-annually, with changes made based on market capitalization and trading frequency to ensure it remains an accurate benchmark of the market. - **Usage**: The Nifty 50 is widely used by investors as a benchmark for portfolio performance, and it is also the basis for various financial products like ETFs and index funds. ### Recent Performance: The Nifty 50 Index's performance reflects the overall market sentiment and the health of the Indian economy. It is subject to fluctuations based on macroeconomic factors, corporate earnings, global events, and domestic policies. Would you like detailed information on the current performance or historical trends of the Nifty 50? **Nifty FMCG Index**: - **Performance**: The Nifty FMCG Index, representing the Fast-Moving Consumer Goods sector in India, has shown a slight decline recently. Over the past month, it decreased by 0.56%, and over the past year, it declined by 3.92%. **Nifty Auto Index**: - **Performance**: The Nifty Auto Index, tracking the automobile sector in India, experienced a positive movement on January 16, 2025, with a percentage change of 0.65%. **Nifty Pharma Index**: - **Performance**: The Nifty Pharma Index, reflecting the pharmaceutical sector in India, has shown a decline. Over the past month, it decreased by 1.04%, and over the past year, it declined by 4.51%. **Dow Jones Industrial Average (DJIA)**: - **Performance**: The DJIA, a major U.S. stock market index, closed at 43,116.89, marking a slight decrease of 0.24%. Over the past year, it has increased by 11.63%. **NASDAQ Composite Index**: - **Performance**: The NASDAQ Composite Index, heavily weighted towards technology stocks, closed at 19,489.44, showing a minor decline of 0.11%. Please note that stock market indices are subject to fluctuations due to various factors, including economic data releases, corporate earnings reports, and geopolitical events. For the most current information, it's advisable to consult real-time financial news sources or brokerage platforms.
NSE:CNXAUTO
by TheGoldenFarmsofEquity
nifty auto index view 10.01.2025The **Nifty Auto Index** is a stock market index on the National Stock Exchange of India (NSE) that represents the performance of the automobile sector. It includes companies from various segments of the auto industry, such as passenger cars, commercial vehicles, two-wheelers, three-wheelers, and auto components. ### **Key Details of Nifty Auto Index**: 1. **Objective**: - The Nifty Auto Index aims to provide investors with a benchmark that reflects the performance of the Indian automotive sector. 2. **Composition**: - The index includes **15 companies** from the automobile and auto ancillary sectors. - These companies are selected based on their market capitalization and liquidity. 3. **Weightage**: - The index is **market capitalization-weighted**, meaning companies with larger market caps have a more significant influence on the index's movement. - It is reviewed semi-annually, ensuring the index reflects the current market conditions. ### **Components of Nifty Auto Index** (as of the latest review): 1. Maruti Suzuki India Ltd. 2. Tata Motors Ltd. 3. Mahindra & Mahindra Ltd. 4. Bajaj Auto Ltd. 5. Hero MotoCorp Ltd. 6. Ashok Leyland Ltd. 7. Eicher Motors Ltd. 8. TVS Motor Company Ltd. 9. Bharat Forge Ltd. 10. Bosch Ltd. 11. MRF Ltd. 12. Apollo Tyres Ltd. 13. Exide Industries Ltd. 14. Amara Raja Batteries Ltd. 15. Sona BLW Precision Forgings Ltd. These companies cover a wide range of products, including cars, motorcycles, commercial vehicles, and auto parts. Would you like more information on any specific component or how the index is calculated?
NSE:CNXAUTO
by TheGoldenFarmsofEquity
The Wheels are Turning: Auto Sector Sees Major GainsIndian auto stocks surged on January 2, 2025, fuelled by impressive December sales numbers, which propelled the Nifty Auto index to its highest daily gain in six months. ◉ Key Players 1. Eicher Motors NSE:EICHERMOT ● Surged 7%, with December sales up 25% YoY to 79,466 units, and exports rising 90% YoY. 2. Ashok Leyland NSE:ASHOKLEY ● Rose 5%, with December sales exceeding estimates, up 5% YoY, and Medium and Heavy Commercial Vehicles sales up 8% YoY. 3. Maruti Suzuki India NSE:MARUTI ● Extended gains for the second straight day, rallying 5%, driven by strong December car sales and bullish management commentary. 4. Mahindra & Mahindra NSE:M&M ● Up over 3% for the second consecutive day, with December SUV sales jumping 18% YoY to 41,424 units, driven by strong demand. ◉ Overall Outlook The Indian automotive market is poised for continued growth, driven by a resilient economy and robust consumer demand. Potential interest rate cuts are expected to further fuel this growth, making vehicle financing more accessible and affordable for consumers. As a result, the road ahead looks promising for FY26, with expectations of sustained growth and increased sales in the automotive sector.
NSE:CNXAUTOLong
by GoodluckCapital
AUTO SECTOR - Breakout - Retest & BOOM!Price Analysis & Overview: 1. Nifty Auto Index is in it's dream bull run after it broke the ATH resistance levels. 2. At current scenarios, price might continue to move higher towards the marked green lines or consolidate/correct towards EMA and then continue the run again. 3. RSI showing signs of overheated currently. MONTHLY TF VIEW : - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CNXAUTO
by SuperNova396
NIFTY AUTO DAILY.Nifty Auto retesting the breakout on Daily TF. Taking support from the levels. Stocks like Hero Motorcorp, Tata Motors, etc. are in good uptrend. Although, Tata Motors fell 8% today because of Q4 results it posted on Friday. But still the other stocks gave good recovery from lower levels in the index along with the broader market index. If it stays positive and continues to move up, we can see good move in auto stocks as well including Tata Motors. Do your own analysis before trading. Only for educational purposes.
NSE:CNXAUTOLong
by vivekkagarwal
NIFTY Auto Index - Head n Shoulder patternNifty Auto sector has been in up trend for few months now. We can see a head and shoulder pattern in making on the Nifty Auto Index which is trend reversal pattern. Looks like it is time to be cautious on Auto stocks. Levels: 17650 crucial support for Auto Index. An hourly close below this level can be considered to be breakdown. One can look for long only if Nifty Auto sustains above 17950 levels. Note: If this is a new downtrend in Auto index, then this may have impact on Nifty as well.
NSE:CNXAUTOShort
by skandha1986
Diverging since 30th Nov: CNXAUTOI was taking a look at the ratio charts of sectoral indices to identify which sector though is going up but in relative terms is slowing down. The one that looked the cleanest is that of CNXAUTO. 1. On the LHS, we have the daily chart of CNXAUTO and on RHS a ratio chart of the AUTO index with CNX500. 2. One look at the blue and red zone, and you can see that since 30th of Nov’23 the CNXAUTO index per se has rallied, but the ratio chart has come down. This means that the rally has underperformed the rally of the broader market. 3. Is this a sign that the AUTO stocks will now correct? Need not be the case, but we can clearly confirm from these readings that the AUTO sector is likely to slow down, which means we are either headed for a consolidation or correction. 4. Considering the fact that the AUTO sector with the overall market is in a strong UP trend, I request not to go contra short blindly, but wait for enough signs of reversal, like a proper well-established divergence based on which you can attempt a sell trade. 5. If you are not into shorting, then do not look to go aggressively long on the AUTO pack at this juncture. Work on your stop losses if you have open positions and wait for better/ lower levels to accumulate. Trade Well.
NSE:CNXAUTO
by Abhijit_Paul