This is a weekly chart of Nifty Auto index (CNX Auto). Since Dec 17, the stock is facing a serious resistance around 12000. It has taken a multiple resistance in near past. However, the index is again trying to test its resistance. Close above 12000 levels would mean a fresh breakout on medium to long term charts. Keep in watch Ashok Layland, Maruti Suzuki, Tata Moters, M&M, Eicher moters. Go long in these industry leaders if you see 12000+ weekly closing.
Comment:
Closing just above 12000