CNXAUTO index near important support after being in oversold

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The weak numbers from auto companies lead to massive selloff in the auto stocks and also auto ancillaries.

Seems the fall would become a bit nimble now.

Below 8750 we may see more weakness towards 8515.

Regards,
Vinay
Note
All targets reached on short side ... cheers
Technical Indicatorssalesweakness

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