NIFTY AUTO Weekly Outlook and Analysis:

For the Week: (Feb 14, 2022 – Feb 18, 2022)

NIFTY AUTO Index closed the week on negative note losing 7.70 points 0.07%.

Weekly High: 11,761.30

Weekly Low: 11,300.20

Weekly Close: 11,552.90

Weekly Support & Resistance For Nifty Auto Index:

RESISTANCE 2	11,999
RESISTANCE 1	11,776
SUPPORT 1	11,314
SUPPORT 2	11,077

Technically on the daily charts we see minor support on the downside for NIFTY AUTO index lies at 11300 levels, whereas minor resistance on the upside is capped around 11750-11800 levels.

If NIFTY AUTO index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11100 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12000.

Currently NIFTY AUTO index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11200 on downside and 11900 on upside.

Now Analyze Any Stock Yourself Just In a Few Minutes…

A Free but the Most Powerful Tool for Smarter Analysis of any stock. Analyze any stock at: StockFact – Top Stock Research, Screener And Analysis Tool

---

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe to premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

Premium Subscription Pricing details can be seen at Stock Market Premium Services