NIFTY AUTO closed the previous week on a negative note losing 2.64%.
Technically, NIFTY AUTO share price will see immediate support at 17,597.00 and immediate resistance would be seen at 18,071.65.
If NIFTY AUTO share price closes below immediate support of 17,597.00, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 17,326.65 for the week.
On the positive side, immediate resistance will be seen at 18,071.65. Closing above 18,071.65, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 18,275.95 for the week.
Trading range for NIFTY AUTO share price for this week should be between 17,122.35 on down side and 18,546.30 on up side.
NIFTY AUTO Previous Week High: 18005.6
NIFTY AUTO Previous Week Low: 17530.95
NIFTY AUTO Previous Week Range: 474.65 Points
NIFTY AUTO share price support and resistance for the week (December 11, 2023 – December 15, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 18,546.30 |
| Resistance 2 | 18,275.95 |
| Resistance 1 | 18,071.65 |
| Support 1 | 17,597.00 |
| Support 2 | 17,326.65 |
| Support 3 | 17,122.35 |
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