Page 3 - Nifty Auto Index
Nifty Auto, Energy bearish on charts; check key levels and trading strategy
The Nifty Energy Index is showing a bearish trend in the near term, as indicated by multiple technical indicators such as RSI, MACD, and Stochastic, which all suggest further downside movement.
 "Nifty Auto, Energy bearish on charts; check key levels and trading strategy")
Auto stocks may see fresh sell-off if Nifty Auto breaks 25,150, show charts
Traders should closely monitor this level, as any breach could lead to further downside, and the market might see a sell-off in auto stocks.
 "Auto stocks may see fresh sell-off if Nifty Auto breaks 25,150, show charts")
Nifty IT faces resistance at 43,200; should you book profits on rise?
The Nifty IT Index is currently displaying signs of nearing a critical resistance level. The immediate resistance level to watch is 43,200
 "Nifty IT faces resistance at 43,200; should you book profits on rise?")
August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip
Automaker Tata Motors saw an 8.1 per cent drop in total sales for August 2024, totaling 71,693 vehicles compared to 78,010 units in August 2023.
 "August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip")
Nifty IT index shows bullish trend on charts; check trading strategy here
In near term, the Nifty IT Index is expected to trade within a broader range of 42,800 to 41,600. A close above or below this range would likely trigger a decisive move in the respective direction.
Auto Bet: Bajaj, M&M, Escorts Kubota may lead August sales, says Nuvama
Within the 2W segment, analysts believe, mass-market original equipment manufacturers (OEMs) such as Honda, Hero Moto Corp, Bajaj Auto, and TVS are anticipated to perform well.
 "Auto Bet: Bajaj, M&M, Escorts Kubota may lead August sales, says Nuvama")
Nifty Auto to underperform, alerts analyst; should you sell on rise?
The anticipated downside targets or support levels for the Nifty Auto Index are 24,300, 23,900, and 23,500
 "Nifty Auto to underperform, alerts analyst; should you sell on rise?")
Sensex, Nifty tumble: How deep can the Indian stock market correction be?
Stock Market Outlook: The Sensex has shed 4.3% from its all-time high in 3 trading days and the Nifty is seen testing support at 24,250. Here's what charts suggest on likely trend ahead.
 "Sensex, Nifty tumble: How deep can the Indian stock market correction be?")
Tata Motors shares fall 5% after Q1 show; Check reasons, new target prices
The board of the company approved the demerger of the Tata Motors into two separate listed companies. The company revealed that the demerger will conclude in the next 12 to 15 months.
 "Tata Motors shares fall 5% after Q1 show; Check reasons, new target prices")
Ashok Leyland falls 4% after July sales disappoint. Check details here
The fall in the share price came after the automotive manufacturer reported disappointing July 2024 sales numbers.
 "Ashok Leyland falls 4% after July sales disappoint. Check details here")
Nifty Auto, Energy bullish on charts; check key levels and trading strategy
The Nifty Energy Index also exhibits a bullish trend on the charts in the near term. However, maintaining a strict stop-loss is essential for all bullish positions.
Tata Motors Q1 Preview: JLR, Indian CV sales may fuel revenue growth
In the past week alone, Tata Motors' stock has climbed 18 per cent following an upgrade from brokerage firm Nomura, which set a 'Buy' rating and a target price of Rs 1,294 per share.
 "Tata Motors Q1 Preview: JLR, Indian CV sales may fuel revenue growth")
Nifty50, Nifty IT, Nifty Bank, Nifty Auto, Nifty FMCG: Key levels to track
Technical outlook on NSE Nifty sectoral indices: Here's how the key sectoral indices are placed on the technical charts as the NSE Nifty 50 reaches within striking distance of the 25,000 landmark.
 "Nifty50, Nifty IT, Nifty Bank, Nifty Auto, Nifty FMCG: Key levels to track")
Should investors book profits in Nifty IT, Auto? Check key levels here
The Nifty IT Index is poised for a correction in the near term, as technical indicators signal an overbought condition
 "Should investors book profits in Nifty IT, Auto? Check key levels here")
Sell Nifty IT on the rise; resistance at 38,350, check other details here
The Nifty IT Index is currently trading at 37,314.35. In the near term, the index appears to be range-bound, with the defined range between 37,525 and 37,050
 "Sell Nifty IT on the rise; resistance at 38,350, check other details here")
M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?
With 3XO's launch, M&M management aims to be among the top two players in the compact SUV segment over the course of three years
 "M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?")
Auto, tyre shares on a roll; Nifty Auto, M&M scale new highs; here's why
Auto, tyre stock update: Shares of auto and tyre makers rallied up to 5 per cent in intra-day deals on Tuesday, lifting the Nifty Auto index to a new all-time high on upbeat outlook.
 "Auto, tyre shares on a roll; Nifty Auto, M&M scale new highs; here's why")
These 2 sectoral indices are showing weak bias on charts; check key levels
According to Ravi Nathani, an independent technical analyst, the best trading strategy for Nifty Auto and the Nifty Energy indices seem to be 'sell on rise'.
 "These 2 sectoral indices are showing weak bias on charts; check key levels")
Nifty IT index likely to rebound, Nifty Auto may weaken; suggest charts
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is quoting close to its support range of 33,400 - 33,300, with key momentum oscillators in oversold zone.
 "Nifty IT index likely to rebound, Nifty Auto may weaken; suggest charts")
Nifty IT, Auto indices present divergent trading opportunites, show charts
According to Ravi Nathani, an independent technical analyst, one can consider to buy the Nifty IT index on dips, whereas the Auto index can be short closer to the key resistance level.
