CNXAUTO

CNXAUTO index unable to close above 8220 and in past 4 times rally bust. Negative diversion visible on charts. Good thing is Index manage to hold 30 days SMA and still trading above golden ratio . If by any reason 30 and 50 days SMA breach all round selling will start in Auto segment .
Tatamotors, M&M, TVS Motors and Maruti are the best bet to sell and make money.

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