As year have started Auto sector has started again making low and lot of stocks are in bearish regime ! I think there are lot of good risk adjusted opportunity available in auto sector in coming days if we break 8600 on closing basis.
Bearish Nifty auto index if close below 8600 tgt 7800-7200 in coming weeks. if it does not close below level then we can see some bounce in auto sector stocks! we would not like to buy strength in auto sector over next few weeks.
We will reevaluate our short bias if momentum regime turned bullish otherwise we will like to short strength in auto sector. Give me your feedback or view at cs at niftymillionaire.com.
We have shared our Premium Report with Niftymillionaire member over last weeks where we find lot of good short term trading ideas where skewed risk-reward is available. You can whatsapp us on +919324855550 for any query or call us on 02230987899
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