Auto Market Shakeup What You Need to Know This March! - K Karthik Raja Rupeedesk Share Market Training
Auto Market Shakeup What You Need to Know This March! - K Karthik Raja Rupeedesk Share Market Training
Auto Market Shakeup What You Need to Know This March! - K Karthik Raja Rupeedesk Share Market Training
Auto Sector Analysis – 08.03.2025
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Key Factors Affecting the Market
- Demand trends in the automobile sector, including EV adoption and fuel price impact.
- Government policies, including PLI schemes and subsidies for electric vehicles.
- Interest rates affecting auto loans and consumer spending.
- Performance of major auto companies (Maruti Suzuki, Tata Motors, M&M, Bajaj Auto, Hero MotoCorp).
- Global supply chain factors, including semiconductor availability.
Key Watch
- Resistance and Support Levels:
- Resistance: 23,457
- Support: 15,942
- Indicators:
- 50 MA: 23,939
- 150 MA: 17,670
- 200 MA: 15,942
- RSI: 38.47 (approaching oversold levels)
- MACD: bearish crossover indicating weak momentum
Volume Analysis
- Current volume: 242.432M (weekly average: 260.701M)
- Volume indicates lower participation, suggesting caution among investors.
Dow Theory Chart Analysis & Observations
- Long-term uptrend remains intact despite short-term corrections.
- A breakdown below 21,000 could lead to further declines toward 17,670.
- Recovery depends on broader market sentiment and demand resurgence.
Stocks to Watch
- Four-Wheeler Segment: Maruti Suzuki, Tata Motors, M&M
- Two-Wheeler Segment: Hero MotoCorp, Bajaj Auto, TVS Motors
- EV & New Tech Players: Tata Motors, Ola Electric, Ather Energy
Market Insights: Short-Term & Long-Term View
Short-Term (Next Few Weeks)
- Expect range-bound movement unless resistance at 23,457 is cleared.
- A close below 21,000 may signal a deeper correction.
Long-Term (6+ Months Outlook)
- The auto sector remains a key driver of economic growth.
- EV expansion and government incentives could lead to long-term bullish trends.
Final Thoughts
The Nifty Auto sector is in a consolidation phase but holds long-term potential. Watch for trend reversals and key support levels for future opportunities.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.
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