CNX Auto shares trend on 22nd January

	Last Price	Short Term	Mid Term	EMA Trend	Status	Williams	Trend
AMTEKAUTO	82.9	Bull	Bull	Rec	Bear	Bear Zone	DownTrend
APOLLOTYRE	86.9	Bull	Bear	Bear	Bear	Bear Zone	UpT Sideways
ASHOKLEY	26.35	Bear	Bear	Bear	Bear	Bear Zone	DnT Sideways
BAJAJ-AUTO	2058.10	Bear	Bull	Bull	Bear	Bear Zone	DnT Sideways
BHARATFORG	246.75	Bear	Bear	Bear	Bear	Bear Zone	DnT Sideways
BOSCHLTD	9281.70	BUY	Bull	Bull	BUY	Bear Zone	DnT Sideways
ESCORTS	70.75	Bull	Bull	Accu	Bear	Bear Zone	UpT Sideways
EXIDEIND	126.85	Bear	Bear	Dist	Bear	Bear Zone	DnT Sideways
HEROMOTOCO	1771.95	Bear	Bear	Neut	Bear	Bear Zone	DnT Sideways
M&M	882.1	Bear	Bear	Bear	Bear	Bear Zone	DnT Sideways
MARUTI	1574.6	Bull	Bull	Bull	Bull	Bull Zone	UPTREND
MOTHERSUMI	200.15	Bull	Bull	Bull	BUY	Bear Zone	DownTrend
MRF	13450	Bull	Bull	Bull	Bear	Bull Zone	UpT Sideways
TVSMOTOR	45.35	Bull	Bull	Bull	Bear	Bear Zone	UpT Sideways

The Market outlook for 17th January

Trading the nifty on 17^th of January

The Nifty appears to be on a sideways move. Therefore we need to look for more data to assess the nifty’s future trends. If the Nifty trades above the 6000 mark it can be assumed to be in a bullish zone.

The support level for nifty has come down to 5967 and the Nifty faces resistance at 6025.  This could be taken as the trading range for Nifty in the forthcoming session.

Crudeoil trading levels for 17th  January

The crude is on a sideways movement. The resistance level for crude is at 5184. The support is at 5130. The crude traders can buy above 5166 for a target of 5181. The cude can be shorted below 5148 for a target of 5132 and 5114.