NIFTY AUTO Outlook for the Week (August 07, 2023 - August 11, 2023)

NIFTY AUTO closed the previous week on a negative note losing 3.76%.

Technically, NIFTY AUTO share price will see immediate support at 15,093.37 and immediate resistance would be seen at 15,688.67.

If NIFTY AUTO share price closes below immediate support of 15,093.37, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 14,858.33 for the week.

On the positive side, immediate resistance will be seen at 15,688.67. Closing above 15,688.67, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 16,048.93 for the week.

Trading range for NIFTY AUTO share price for this week should be between 14,498.07 on down side and 16,283.97 on up side.

NIFTY AUTO Previous Week High: 15813.9

NIFTY AUTO Previous Week Low: 15218.6

NIFTY AUTO Previous Week Range: 595.3 Points

NIFTY AUTO share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type	Value
Resistance 3	16,283.97
Resistance 2	16,048.93
Resistance 1	15,688.67
Support 1	15,093.37
Support 2	14,858.33
Support 3	14,498.07

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NIFTY AUTO Outlook for the Week (August 07, 2023 – August 11, 2023)

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