Aetram Research India: NIFTY AUTO Weekly Sector Outlook
Nifty Auto Extends Sharp Bearish Pressure; Recovery Above 26,550 Could Stabilize, While 25,200 Remains Crucial Support - 03.10.2026
Current Market Price: 25,384.95
Market Prediction
- Nifty Auto remains firmly bearish after a steep decline below 26,000, with price positioned beneath all major moving averages. RSI near 30 signals oversold conditions, while CCI and MACD remain deeply negative. ADX near 47 confirms strong trend intensity. Recovery needs 26,550, while weakness below 25,200 could expose lower supports.
Upcoming Events
- Monthly automobile sales data may influence sentiment across passenger vehicle, two-wheeler and commercial vehicle companies.
- Crude oil, metal and input-cost movements may affect margin expectations across automobile manufacturers.
- Festive-season demand and vehicle-dispatch trends may influence near-term volume expectations for major automobile companies.
Major Support and Resistance
- Support: 25,200, 24,800, 24,300
- Resistance: 25,800, 26,550, 27,150
Volume Analysis
- Volume activity increased during the latest decline, confirming strong participation on the selling side. Elevated turnover near 25,300 suggests active price discovery, while any sustainable recovery would require stronger buying volume above 25,800–26,000.
Final Take Away
- Nifty Auto remains under strong bearish dominance, supported by weak momentum readings and rising trend strength. Oversold conditions may trigger temporary recovery, but the broader structure stays vulnerable below 26,550, with 25,200 acting as immediate support.
Next Week Prediction
- Nifty Auto may remain highly volatile next week; oversold recovery is possible above 25,800, but sustained weakness below 25,200 could extend pressure toward 24,800–24,300.
Scenario-Based Outlook
- Bullish Scenario: Above 26,550, price may move toward 27,150–27,600 zone.
- Bearish Scenario: Below 25,200, downside risk toward 24,800–24,300 zone.
- Neutral Scenario: Between 25,200–26,550, consolidation likely.
Disclaimer: This research report is for informational purposes only. This is not an offer to buy or sell securities. Past performance is not indicative of future results. There is no guarantee of returns. Investments in securities are subject to market risks including loss of capital. Investors should consult their financial advisor before making any investment decisions.
