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According to Angel Broking\’s Technical Analysis report, on the daily charts, indices have closed convincingly above the trend line, which suggests further momentum in the coming trading sessions.

According to Angel Broking\’s Market Outlook report, if Nifty trades above 2743 during the first halfanhour of trade then it may witness a further rally up to 2,839–2,890.

According to Angel Broking Market Outlook report, if Nifty trades above 2654 during the first halfanhour of trade then we may witness a further rally up to 2696.

According to Angel Broking\’s Technical Analysis report, on the upside if the indices trade convincingly above 8855 / 2694 levels then they may test 87909330 / 27002830 levels.

Shackled by high interest rates and severe credit crunch, CV, passenger vehicles (PV) and Twowheeler sales volume have taken a substantial hit in the last two months. The demand drivers are not very apparent and the current slowdown could well continue longer than expected.

Vaishali Jajoo of Angel Broking feels the contraction in auto sales is the result of various factors macroeconomic condition, lack of liquidity, high interest rates coming together. The next month’s sales numbers of auto majors will be dismal again, she said. According to her, there could be a slowdown in this space for the next 68 months.

According to Angel Broking\’s Technical Analysis report, on the upside, 8890–9330/2700–2830 levels may act as resistance for the session.

According to Angel Broking\’s Market Outlook report, if Nifty trades above 2634 during the first halfanhour of trade then it may witness a further rally up to 2,697.

According to Angel Broking\’s Technical Analysis report, expect a further downside up to 86508440/26302550 levels.

According to Angel Broking\’s Technical Analysis report, if the indices trade convincingly above 9158–9182/2780–2790 levels then we may see further rally up to 9370–9560/2820–2870 levels.