JSW Steel acquires 100% stake in US based Acero Junction

March 29, 2018

JSW Steel has entered into an agreement with JSM International, Acero Junction Holdings and Acero Junction Inc. to acquire 100% stake in Aero Junction, for cash consideration of USD 80.85 million.

Acreo’s produces hot rolled coils, which is used in consumer durable’s like refrigerators, washing machines and automobiles. In a notification to stock exchanges the company stated, the deal was finalized on Wednesday March,28 and it gives JSW Steel an opportunity to get a manufacturing presence in the US and gain deeper access into the North American Market.

Furthermore, it is expected that the deal will be completed within the next 60 days, subject to fulfillment of conditions precedent by the relevant parties.

Read EquityPandit’s Technical Analysis of Indian Stock Market

INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY AUTO closed the previous week on a negative note losing 2.84%.

Technically, NIFTY AUTO share price will see immediate support at 23,156.87 and immediate resistance would be seen at 23,839.52.

If NIFTY AUTO share price closes below immediate support of 23,156.87, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 22,894.13 for the week.

On the positive side, immediate resistance will be seen at 23,839.52. Closing above 23,839.52, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 24,259.43 for the week.

Trading range for NIFTY AUTO share price for this week should be between 22,474.22 on down side and 24,522.17 on up side.

NIFTY AUTO Previous Week High: 23996.7

NIFTY AUTO Previous Week Low: 23314.05

NIFTY AUTO Previous Week Range: 682.65 Points

NIFTY AUTO share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	24,522.17
Resistance 2	24,259.43
Resistance 1	23,839.52
Support 1	23,156.87
Support 2	22,894.13
Support 3	22,474.22

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INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY AUTO closed the previous week on a negative note losing 3.48%.

Technically, NIFTY AUTO share price will see immediate support at 23,382.73 and immediate resistance would be seen at 24,219.38.

If NIFTY AUTO share price closes below immediate support of 23,382.73, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 22,874.02 for the week.

On the positive side, immediate resistance will be seen at 24,219.38. Closing above 24,219.38, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 24,547.32 for the week.

Trading range for NIFTY AUTO share price for this week should be between 22,546.08 on down side and 25,056.03 on up side.

NIFTY AUTO Previous Week High: 24038.6

NIFTY AUTO Previous Week Low: 23201.95

NIFTY AUTO Previous Week Range: 836.65 Points

NIFTY AUTO share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	25,056.03
Resistance 2	24,547.32
Resistance 1	24,219.38
Support 1	23,382.73
Support 2	22,874.02
Support 3	22,546.08

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INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY AUTO closed the previous week on a negative note losing 5.38%.

Technically, NIFTY AUTO share price will see immediate support at 22,480.05 and immediate resistance would be seen at 23,739.10.

If NIFTY AUTO share price closes below immediate support of 22,480.05, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 21,674.45 for the week.

On the positive side, immediate resistance will be seen at 23,739.10. Closing above 23,739.10, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 24,192.55 for the week.

Trading range for NIFTY AUTO share price for this week should be between 21,221.00 on down side and 24,998.15 on up side.

NIFTY AUTO Previous Week High: 23386.95

NIFTY AUTO Previous Week Low: 22127.9

NIFTY AUTO Previous Week Range: 1259.05 Points

NIFTY AUTO share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	24,998.15
Resistance 2	24,192.55
Resistance 1	23,739.10
Support 1	22,480.05
Support 2	21,674.45
Support 3	21,221.00

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INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

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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INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY AUTO closed the previous week on a negative note losing 3.85%.

Technically, NIFTY AUTO share price will see immediate support at 22,064.65 and immediate resistance would be seen at 22,944.30.

If NIFTY AUTO share price closes below immediate support of 22,064.65, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 21,587.95 for the week.

On the positive side, immediate resistance will be seen at 22,944.30. Closing above 22,944.30, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 23,347.25 for the week.

Trading range for NIFTY AUTO share price for this week should be between 21,185.00 on down side and 23,823.95 on up side.

NIFTY AUTO Previous Week High: 22870.55

NIFTY AUTO Previous Week Low: 21990.9

NIFTY AUTO Previous Week Range: 879.65 Points

NIFTY AUTO share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	23,823.95
Resistance 2	23,347.25
Resistance 1	22,944.30
Support 1	22,064.65
Support 2	21,587.95
Support 3	21,185.00

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