NIFTY AUTO closed the previous week on a negative note losing 4.50%.
Technically, NIFTY AUTO share price will see immediate support at 22,205.95 and immediate resistance would be seen at 23,241.20.
If NIFTY AUTO share price closes below immediate support of 22,205.95, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 21,565.00 for the week.
On the positive side, immediate resistance will be seen at 23,241.20. Closing above 23,241.20, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 23,635.50 for the week.
Trading range for NIFTY AUTO share price for this week should be between 21,170.70 on down side and 24,276.45 on up side.
NIFTY AUTO Previous Week High: 22994.55
NIFTY AUTO Previous Week Low: 21959.3
NIFTY AUTO Previous Week Range: 1035.25 Points
NIFTY AUTO share price support and resistance for the week (May 13, 2024 – May 17, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 24,276.45 |
| Resistance 2 | 23,635.50 |
| Resistance 1 | 23,241.20 |
| Support 1 | 22,205.95 |
| Support 2 | 21,565.00 |
| Support 3 | 21,170.70 |
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