Mahindra & Mahindra surged by 2.52%. TVS Motor, Hero Moto Corp, and Tata Motors moved up by about 1% on Monday. The festive season, which starts in the second half of September, is expected to drive demand across segments within the auto industry, said analysts.

ICICI Direct is bullish on Jamna Auto Industries recommended buy rating on the stock with a target price of Rs 135 in its research report dated August 28, 2023.

Jamna Auto Industries, incorporated in the year 1965, is a Small Cap company (having a market cap of Rs 4604.51 Crore) operating in Auto Ancillaries sector.

On August 17, StockEdge flagged 23 stocks experiencing a dip in RSI, drawing attention to potential shifts in their trajectories. This article dives into the significance of RSI, analyzes 10 selected stocks with downward RSI trends, and offers insights for investors seeking to make informed decisions.

The stock market witnessed several noteworthy stocks crossing their 20-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

The Nifty is likely to continue its march upwards amid consolidation with hurdle at 19,500-19,600 levels, whereas the near term support is expected to be 19,300-19,200 levels, followed by crucial support at 19,000, experts said

Olectra Greentech was the top gainer in the Nifty500, climbing 18 percent to end at record closing high of Rs 1,232 and formed robust bullish candlestick pattern on the daily timeframe, with strong volumes. The stock has made higher highs, higher lows formation for second consecutive session.

​Nifty had a strong 800-point rally in the last eight trading sessions, making an all-time high of 19,523. In the shorter time frame, momentum indicators show overbought signs, and FII index long positions have also reached 73%.

Several stocks, including Jamna Auto Industries, Avanti Feeds, CESCC, Container Corporation of India, Trident, KNR Constructions, DCM Shriram, Rain Industries and Cipla, surpassed their 200 Simple Moving Average on July 6, 2023, indicating a bullish momentum shift.

On the weekly options front, the maximum Call OI is placed at 19,500 and then towards 19,700 strikes while the maximum Put OI is placed at 19400 and then towards 19,500 strikes.