Nifty Auto Index touches new 52-week high, Tata Motors, M&M zoom; check details
1 year, 6 months ago

Nifty Auto Index touches new 52-week high, Tata Motors, M&M zoom; check details

Live Mint  

In a overall upbeat market on Monday, the Nifty Auto index gained more than 1% and touched a new 52-week high. The Nifty Auto index is anticipated to maintain this trend going forward, with prices ideally moving towards 14800 in the short term and 14300 acting as immediate support. "Nifty auto index has breached 55 months resistance followed by retest with base formation. Nifty auto index is on spree to form all time high level," said Kapil Shah is Technical Analyst at Emkay Global Financial Services and technical analysis trainer at Finlearn Academy.

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