More Stories

Informist, Friday, Jun. 19, 2026

MUMBAI – No clear directional strength is being exhibited for the coming week by shares that are part of the Nifty Auto index as the momentum is currently subdued, according to technical analysts. As such, the outlook is neutral, they said.

Friday, the Nifty Auto index closed 0.6% lower at 26583.35 points. For the week, the index rose 1%. Despite continuing to rise for two weeks, Nifty Auto has not outperformed the wider indices. While the benchmark Nifty 50 index closed 1.7% higher this week, the Nifty 200 index performed even better and rose 2.2%.

"On the daily chart, the index continues to trade within a broad sideways range, oscillating between key horizontal support and resistance levels," said Vatsal Bhuva, technical and derivatives analyst at LKP Securities. "Momentum remains subdued, with the RSI (relative strength index) indicating a lack of strong directional strength."

This week, shares of only two companies that are part of the 15-stock Nifty Auto index closed in the red. These were Tata Motors Passenger Vehicles and Exide Industries. Uno Minda and Bharat Forge outperformed the lot, with the former rising a shade over 5% and the latter a shade under 5%.

"The index is also trading between its two crucial long-term moving averages, the 100-DMA and 200-DMA, reflecting an indecisive market structure," Bhuva said. "Immediate support is placed at 26,200 and 25,800 points, while resistance is seen at 26,800 and 27,200 levels."

TOP HEADLINES

* Craftsman Automation QIP ends Thu; co allots 2.3 mln shrs at INR 8,700/shr

* Tata Motors joins govt scheme to replace old trucks, buses in Delhi NCR

* Calls rise for reduction in prices of E85 fuel to boost flex fuel car sales

* Endurance Tech to add 4-wheeler battery capacity; to invest INR 620 mln

* Bharat Forge arm, AM General partner for mounted artillery gun platforms

* Bajaj Auto sets Jun 24 as record date for buyback of 4.69 mln shrs

* Motilal Oswal Alternates invests INR 7.5 bln in JBM Auto's electric bus arm

* Tata Motors to hike CV prices up to 2.5% from Jul 1 to offset input costs

* JLR FY27 blueprint prominently features 'hyper focus' US mkt on luxury push

* JLR pencils in FY27 EBIT margin of about 4%, revenue growth seen at 13% YoY

* Sona BLW OKs capital expenditure for mfg components, systems for robotics

* Tata Motors PV doubles down on multi-powertrain strategy to boost sales

* JLR to bank on brand presence, new launches for FY27 growth, CEO Balaji says

* Kotak Securities ups Tata Motors, Ashok Leyland rtgs post price correction

* ANALYSIS: Auto cos Q4 sales grew at 3-qtr high; PAT rise 2nd-worst in 12 qtrs

* Maruti Suzuki's flex-fuel-powered WagonR price starts at INR 723,900

* Motor insurance policies fully valid for E20 auto fuel use - ICICI Lombard

* SC suggests mediation in Kalyani family dispute, seeks response by Jul 13

* Data Alert: May auto despatches rise 19% YoY on faster export growth - SIAM

* Ather Energy to raise up to INR 25 bln via issuance of securities

Following are the resistance and support levels for key automotive stocks for next week as per calculations based on their prices on the National Stock Exchange:

End

Reported by Anand JC

Edited by Rajeev Pai

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.