Aetram Research India: NIFTY AUTO Weekly Sector Outlook
Nifty Auto Bears Remain in Control; Recovery Needs 25,000 Strength While 24,750 Weakness Restores Selling Pressure - 10.10.2026
Current Market Price: 24,859.90
Market Prediction
- Nifty Auto remains bearish, but the rebound from recent lows shows limited recovery potential. RSI at 42.96 and CCI near -74 indicate subdued momentum, while ADX at 16.79 signals weak trend conviction. Sustaining above 25,000 can improve recovery prospects toward 25,150–25,300; below 24,750, selling pressure may intensify again next week.
Upcoming Events
- Festive-season vehicle demand and stronger retail registrations could improve sector sentiment (Positive Catalyst)
- Quarterly earnings and margin trends may support selective automobile companies if profitability improves (Positive Catalyst)
- Higher input costs or weaker discretionary demand could restrict recovery across automobile stocks (Negative Catalyst)
Major Support and Resistance
- Support: 24,750, 24,600, 24,400
- Resistance: 25,000, 25,150, 25,300
Volume Analysis
- Volume has increased around recent swings, but the latest recovery lacks strong expansion, suggesting cautious participation rather than aggressive accumulation. A clear rise in activity above 25,000 would strengthen confidence in a durable recovery attempt.
Final Take Away
- Nifty Auto remains structurally weak, yet the sharp decline has created room for a measured rebound. Holding 24,750 preserves recovery potential, while sustained strength above 25,000 is needed before near-term sentiment turns meaningfully constructive again.
Next Week Prediction
- Next week, Nifty Auto may attempt recovery above 24,750; strength over 25,000 can target 25,150–25,300, while renewed weakness below support keeps sellers dominant overall again.
Scenario-Based Outlook
- Bullish Scenario: Above 25,000, price may move toward 25,150–25,300 zone
- Bearish Scenario: Below 24,750, downside risk toward 24,600–24,400 zone
- Neutral Scenario: Between 24,750–25,000, 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.
