Tag Archives: CNX FMCG Prediction

Nifty FMCG Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Dec 18, 2017 – Dec 22, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week, that support for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25450 to 25550 where Fibonacci levels and short & medium term moving averages are lying. During the week the index manages to hit a low of 26027 and close the week around the levels of 26431.

Support for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25450 to 25550 where Fibonacci levels and short & medium term moving averages are lying.

Resistance for the index lies in the zone of 26600 to 26700. If the index manages to close above these levels then the index can move to the levels of 27000 to 27200 from where the index has opened gap down.

Broad range for the index in the coming week is seen from 25800 to 25900 on downside & 27000 to 27200 on upside.

Nifty FMCG Outlook for the Week (Dec 11, 2017 – Dec 15, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Dec 11, 2017 – Dec 15, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 3.10%.

As we have mentioned last week, that resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26500 to 26600. During the week the index manages to hit a high of 26491 and close the week around the levels of 26460.

Support for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25450 to 25550 where Fibonacci levels and short & medium term moving averages are lying.

Resistance for the index lies in the zone of 26500 to 26600. If the index manages to close above these levels then the index can move to the levels of 27000 to 27200 from where the index has opened gap down.

Broad range for the index in the coming week is seen from 25300 to 25500 on downside & 27200 to 27400 on upside.

Nifty FMCG Outlook for the Week (Dec 04, 2017 – Dec 08, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Dec 04, 2017 – Dec 08, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.20%.

As we have mentioned last week, that resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26500 to 26600. During the week the index manages to hit a high of 26049 and close the week around the levels of 25667.

Support for the index lies in the zone of 25450 to 25550 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 24900 to 25000 from where the index broke out and 200 daily moving averages are lying.

Resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26500 to 26600.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 26200 to 26300 on upside.

Nifty FMCG Outlook for the Week (Nov 27, 2017 – Dec 01, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Nov 27, 2017 – Dec 01, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26500 to 26600. During the week the index manages to hit a high of 26002 and close the week around the levels of 25971.

Minor support for the index lies in the zone of 25700 to 25800. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 24900 to 25000 from where the index broke out.

Resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26500 to 26600.

Broad range for the index in the coming week is seen from 25500 to 25600 on downside & 26500 to 26600 on upside.

Nifty FMCG Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Nov 20, 2017 – Nov 24, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 0.70%.

As we have mentioned last week, that resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26500 to 26600. During the week the index manages to hit a high of 26069 and close the week around the levels of 25749.

Minor support for the index lies in the zone of 25700 to 25800. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 24900 to 25000 from where the index broke out.

Resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26500 to 26600.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 26400 to 26500 on upside.

Nifty FMCG Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Nov 13, 2017 – Nov 17, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.50%.

As we have mentioned last week, that support for the index lies in the zone of 25400 to 25500 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 24900 to 25000 from where the index broke out. During the week the index manages to hit a low of 25558 and close the week around the levels of 25920.

Minor support for the index lies in the zone of 25700 to 25800. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 24900 to 25000 from where the index broke out.

Resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26500 to 26600.

Broad range for the index in the coming week is seen from 25300 to 25400 on downside & 26400 to 26500 on upside.

Nifty FMCG Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Nov 06, 2017 – Nov 10, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 0.10%.

As we have mentioned last week, that resistance for the index lies in the zone of 25850 to 25950 where the index has formed a top in the month of September-2017 and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26100 to 26200 where Fibonacci levels are lying. During the week the index manages to hit a high of 26152 and close the week around the levels of 25790.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 24900 to 25000 from where the index broke out.

Resistance for the index lies in the zone of 25850 to 25950 where the index has formed a top in the month of September-2017 and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26100 to 26200 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 25300 to 25400 on downside & 26300 to 26400 on upside.

Nifty FMCG Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Oct 30, 2017 – Nov 03, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that resistance for the index lies in the zone of 25800 to 25900 where the index has formed a top in the month of September-2017 and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26100 to 26200 where Fibonacci levels are lying. During the week the index manages to hit a high of 26128 and close the week around the levels of 25815.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 24900 to 25000 from where the index broke out.

Resistance for the index lies in the zone of 25850 to 25950 where the index has formed a top in the month of September-2017 and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26100 to 26200 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 25300 to 25400 on downside & 26300 to 26400 on upside.

Nifty FMCG Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Oct 23, 2017 – Oct 27, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that resistance for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 25800 to 25900 where the index has formed a top in the month of September-2017 and medium term moving averages are lying. During the week the index manages to hit a high of 25748 and close the week around the levels of 25580.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24900 to 25000 from where the index broke out.

Resistance for the index lies in the zone of 25800 to 25900 where the index has formed a top in the month of September-2017 and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26100 to 26200 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 24900 to 25000 on downside & 25900 to 26000 on upside.

Nifty FMCG Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Oct 16, 2017 – Oct 19, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.20%.

As we have mentioned last week, that minor support for the index lies in the zone of 24900 to 25000. Support for the index lies in the zone of 24600 to 24700 from where the index broke down from August-2017 lows and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24000 to 24200 where 200 daily moving averages are lying. During the week the index manages to hit a low of 25078 and close the week around the levels of 25435.

Minor support for the index lies in the zone of 25300 to 25350. Support for the index lies in the zone of 24900 to 25000 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 from where the index broke down from August-2017 lows and Fibonacci levels are lying.

Resistance for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 25800 to 25900 where the index has formed a top in the month of September-2017 and medium term moving averages are lying.

Broad range for the index in the coming week is seen from 24700 to 24800 on downside & 25900 to 26000 on upside.

Nifty FMCG Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Oct 09, 2017 – Oct 13, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 2.60%.

As we have mentioned last week, that resistance for the index lies in the zone of 24600 to 24700 from where the index broke down from August-2017 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 25400 to 25500 where short term moving averages and Fibonacci levels are lying. During the week the index manages to hit a high of 25247 and close the week around the levels of 25131.

Minor support for the index lies in the zone of 24900 to 25000. Support for the index lies in the zone of 24600 to 24700 from where the index broke down from August-2017 lows and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24000 to 24200 where 200 daily moving averages are lying.

Resistance for the index lies in the zone of 25400 to 25500 where short term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 25800 to 25900 where the index has formed a top in the month of September-2017.

Broad range for the index in the coming week is seen from 24500 to 24600 on downside & 25800 to 25900 on upside.

Nifty FMCG Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Oct 03, 2017 – Oct 06, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 2.90%.

As we have mentioned last week, that support for the index lies in the zone of 25000 to 25200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels are lying. During the week the index manages to hit a low of 24427 and close the week around the levels of 24481.

Support for the index lies in the zone of 24000 to 24200 where 200 daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23200 to 23300 from where the index broke out of September-2016 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 24600 to 24700 from where the index broke down from August-2017 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 25400 to 25500 where short term moving averages and Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 23200 to 23300 on downside & 25400 to 25500 on upside.

Nifty FMCG Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Sep 25, 2017 – Sep 29, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.10%.

As we have mentioned last week, that support for the index lies in the zone of 25000 to 25200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels are lying. During the week the index manages to hit a low of 25156 and close the week around the levels of 25220.

Support for the index lies in the zone of 25000 to 25200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 25400 to 25500. Resistance for the index lies in the zone of 25700 to 25800 where short and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25900 to 26000 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 24500 to 24600 on downside & 25800 to 25900 on upside.

Nifty FMCG Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Sep 18, 2017 – Sep 22, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 25550 to 25650. Resistance for the index lies in the zone of 26000 to 26100 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26600 to 26700. During the week the index manages to hit a high of 25935 and close the week around the levels of 25506.

Support for the index lies in the zone of 25000 to 25200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 25550 to 25650. Resistance for the index lies in the zone of 26000 to 26100 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26600 to 26700.

Broad range for the index in the coming week is seen from 24600 to 24700 on downside & 26200 to 26300 on upside.

Nifty FMCG Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Sep 11, 2017 – Sep 15, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 2.10%.

As we have mentioned last week, that minor support for the index lies in the zone of 25700 to 25800. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25000 to 25200 where medium term moving averages and break out levels are lying. During the week the index manages to hit a low of 25276 and close the week around the levels of 25409.

Support for the index lies in the zone of 25000 to 25200 where medium term moving averages and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 25550 to 25650. Resistance for the index lies in the zone of 26000 to 26100 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26600 to 26700.

Broad range for the index in the coming week is seen from 24600 to 24700 on downside & 26200 to 26300 on upside.

Nifty FMCG Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Sep 04, 2017 – Sep 08, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25000 to 25200 where medium term moving averages and break out levels are lying. During the week the index manages to hit a low of 25445 and close the week around the levels of 25907.

Minor support for the index lies in the zone of 25700 to 25800. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25000 to 25200 where medium term moving averages and break out levels are lying.

Resistance for the index lies in the zone of 26100 to 26200 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26600 to 26700.

Broad range for the index in the coming week is seen from 24900 to 25000 on downside & 26800 to 26900 on upside.

Nifty FMCG Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Aug 28, 2017 – Sep 01, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 0.60%.

As we have mentioned last week, that support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25000 to 25200 where medium term moving averages and break out levels are lying. During the week the index manages to hit a low of 25538 and close the week around the levels of 25555.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25000 to 25200 where medium term moving averages and break out levels are lying.

Resistance for the index lies in the zone of 26100 to 26200 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26600 to 26700.

Broad range for the index in the coming week is seen from 24700 to 24800 on downside & 26600 to 26700 on upside.

Nifty FMCG Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Aug 21, 2017 – Aug 25, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 3.90%.

As we have mentioned last week, that resistance for the index lies in the zone of 25100 to 25200 where lows for the month of July-2017 and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25500 to 25600 where Fibonacci levels are lying. During the week the index manages to hit a high of 25751 and close the week around the levels of 25719.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25000 to 25200 where medium term moving averages and break out levels are lying.

Resistance for the index lies in the zone of 26100 to 26200 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26600 to 26700.

Broad range for the index in the coming week is seen from 24700 to 24800 on downside & 26600 to 26700 on upside.

Nifty FMCG Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Aug 14, 2017 – Aug 18, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 3.00%.

As we have mentioned last week, that support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a low of 24665 and close the week around the levels of 24762.

Support for the index lies in the zone of 24600 to 24700 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23900 to 24000 where break out levels for the index is lying.

Resistance for the index lies in the zone of 25100 to 25200 where lows for the month of July-2017 and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25500 to 25600 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 23900 to 24000 on downside & 25400 to 25500 on upside.

Nifty FMCG Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Aug 07, 2017 – Aug 11, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.80%.

As we have mentioned last week, that minor support for the index lies in the zone of 25700 to 25800. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a low of 25336 and close the week around the levels of 25551.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels and medium term moving averages are lying.

Minor resistance for the index lies in the zone of 25750 to 25800. Resistance for the index lies in the zone of 26150 to 26250 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 27000 to 27100 from where the index opened gap down.

Broad range for the index in the coming week is seen from 24600 to 24800 on downside & 26400 to 26500 on upside.

Nifty FMCG Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (July 31, 2017 – Aug 04, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that resistance for the index lies in the zone of 26150 to 26250 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 27000 to 27100 from where the index opened gap down. During the week the index manages to hit a high of 26276 and close the week around the levels of 26034.

Minor support for the index lies in the zone of 25700 to 25800. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 26150 to 26250 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 27000 to 27100 from where the index opened gap down.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 26800 to 27000 on upside.

Nifty FMCG Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (July 24, 2017 – July 28, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 7.40%.

As we have mentioned last week that minor resistance for the index lies in the zone of 27700 to 27800. Resistance for the index lies in the zone of 28200 to 28300. If the index manages to close above these levels then the index can move to the levels of 28800 to 29000. During the week the index manages to hit a high of 27772 and close the week around the levels of 25795.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 26150 to 26250 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 27000 to 27100 from where the index opened gap down.

Broad range for the index in the coming week is seen from 24600 to 24700 on downside & 26800 to 27000 on upside.

Nifty FMCG Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (July 17, 2017 – July 21, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.50%.

As we have mentioned last week that support for the index lies in the zone of 26800 to 27000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 26000 to 26200 from where the index broke out after consolidation. During the week the index manages to hit a low of 27049 and close the week around the levels of 27864.

Minor support for the index lies in the zone of 27500 to 27600. Support for the index lies in the zone of 26800 to 27000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 26000 to 26200 from where the index broke out after consolidation.

Minor resistance for the index lies in the zone of 27700 to 27800. Resistance for the index lies in the zone of 28200 to 28300. If the index manages to close above these levels then the index can move to the levels of 28800 to 29000.

Broad range for the index in the coming week is seen from 26800 to 27000 on downside & 28500 to 28700 on upside.

Nifty FMCG Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (July 10, 2017 – July 14, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 2.70%.

As we have mentioned last week that the index is in strong uptrend and virtually no resistance is visible. Resistance for the index lies in the zone of 27200 to 27300. During the week the index manages to hit a high of 28267 and close the week around the levels of 27466.

Support for the index lies in the zone of 26800 to 27000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 26000 to 26200 from where the index broke out after consolidation.

Minor resistance for the index lies in the zone of 27700 to 27800. Resistance for the index lies in the zone of 28200 to 28300. If the index manages to close above these levels then the index can move to the levels of 28800 to 29000.

Broad range for the index in the coming week is seen from 26500 to 26700 on downside & 28500 to 28700 on upside.

Nifty FMCG Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (July 03, 2017 – July 07, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 2.20%.

As we have mentioned last week that minor support for the index lies in the zone of 25900 to 26000. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out levels are lying. During the week the index manages to hit a low of 25906 and close the week around the levels of 26752.

Minor support for the index lies in the zone of 26400 to 26500. Support for the index lies in the zone of 25900 to 26000 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 25400 to 25500 where Fibonacci levels are lying.

The index is in strong uptrend and virtually no resistance is visible. Resistance for the index lies in the zone of 27200 to 27300.

Broad range for the index in the coming week is seen from 26000 to 26100 on downside & 27500 to 27700 on upside.

Nifty FMCG Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (June 27, 2017 – June 30, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor resistance for the index lies in the zone of 26000 to 26100. Resistance for the index lies in the zone of 26500 to 26600. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying. During the week the index manages to hit a high of 26350 and close the week around the levels of 26164.

Minor support for the index lies in the zone of 25900 to 26000. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out levels are lying.

Resistance for the index lies in the zone of 26400 to 26500. If the index manages to close above these levels then the index can move to the levels of 26800 to 27000.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 27000 to 27100 on upside.

Nifty FMCG Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (June 19, 2017 – June 23, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the index lies in the zone of 26000 to 26100. Resistance for the index lies in the zone of 26500 to 26600. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying. During the week the index manages to hit a high of 26041 and close the week around the levels of 25914.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out levels are lying.

Minor resistance for the index lies in the zone of 26000 to 26100. Resistance for the index lies in the zone of 26500 to 26600. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 27000 to 27100 on upside.

Nifty FMCG Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (June 12, 2017 – June 16, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.70%.

As we have mentioned last week that resistance for the index lies in the zone of 26600 to 26700. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying. During the week the index manages to hit a high of 26515 and close the week around the levels of 25941.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out levels are lying.

Minor resistance for the index lies in the zone of 26000 to 26100. Resistance for the index lies in the zone of 26500 to 26600. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 27000 to 27100 on upside.

Nifty FMCG Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (June 05, 2017 – June 09, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 3.50%.

As we have mentioned last week that minor support for the index lies in the zone of 25200 to 25300. Support for the index lies in the zone of 24600 to 24700 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 23800 to 24000 where break out levels and short term moving averages are lying. During the week the index manages to hit a low of 25264 and close the week around the levels of 26401.

Minor support for the index lies in the zone of 26000 to 26100. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out levels are lying.

Resistance for the index lies in the zone of 26600 to 26700. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 25400 to 25500 on downside & 27300 to 27400 on upside.

Nifty FMCG Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (May 29, 2017 – June 02, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 4.70%.

As we have mentioned last week that resistance for the index lies in the zone of 24500 to 24600 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 24900 to 25000. During the week the index manages to hit a high of 25711 and close the week around the levels of 25507.

Minor support for the index lies in the zone of 25200 to 25300. Support for the index lies in the zone of 24600 to 24700 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 23800 to 24000 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 25700 to 25800. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 24500 to 24600 on downside & 26200 to 26300 on upside.

Nifty FMCG Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (May 22, 2017 – May 26, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.60%.

As we have mentioned last week that resistance for the index lies in the zone of 23800 to 24000 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying. During the week the index manages to hit a high of 24922 and close the week around the levels of 24353.

Minor support for the index lies in the zone of 24000 to 24100. Support for the index lies in the zone of 23500 to 23700 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23000 to 23200 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 24500 to 24600 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 24900 to 25000.

Broad range for the index in the coming week is seen from 23300 to 23500 on downside & 24800 to 24900 on upside.

Nifty FMCG Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (May 15, 2017 – May 19, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.40%.

As we have mentioned last week that minor support for the index lies in the zone of 23300 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support. During the week the index manages to hit a low of 23386 and close the week around the levels of 23967.

Minor support for the index lies in the zone of 23300 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Resistance for the index lies in the zone of 23800 to 24000 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying.

Broad range for the index in the coming week is seen from 23000 to 23100 on downside & 24600 to 24700 on upside.

Nifty FMCG Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (May 08, 2017 – May 12, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 0.20%.

As we have mentioned last week that resistance for the index lies in the zone of 23750 to 23850 where highs for the month of March-2017 and April-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying. During the week the index manages to hit a high of 23991 and close the week around the levels of 23630.

Minor support for the index lies in the zone of 23300 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Resistance for the index lies in the zone of 23800 to 24000 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24500 to 24600 on upside.

Nifty FMCG Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (May 02, 2017 – May 05, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.90%.

As we have mentioned last week that minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23750 to 23850 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24250 to 24350. During the week the index manages to hit a high of 24389 and close the week around the levels of 23675.

Minor support for the index lies in the zone of 23300 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Resistance for the index lies in the zone of 23750 to 23850 where highs for the month of March-2017 and April-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24500 to 24600 on upside.

Nifty FMCG Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (April 24, 2017 – April 28, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.20%.

As we have mentioned last week that resistance for the index lies in the zone of 23750 to 23850 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24250 to 24350. During the week the index manages to hit a high of 23723 and close the week around the levels of 23230.

Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23750 to 23850 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24250 to 24350.

Broad range for the index in the coming week is seen from 22200 to 22300 on downside & 24000 to 24100 on upside.

Nifty FMCG Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (April 17, 2017 – April 21, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.20%.

As we have mentioned last week that minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23750 to 23850 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24350 to 24500. During the week the index manages to hit a high of 23795 and close the week around the levels of 23508.

Minor support for the index lies in the zone of 23250 to 23350. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Resistance for the index lies in the zone of 23750 to 23850 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24250 to 24350.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24200 to 24300 on upside.

Nifty FMCG Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (April 10, 2017 – April 13, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.30%.

As we have mentioned last week that minor resistance for the index lies in the zone of 23600 to 23650. Resistance for the index lies in the zone of 23850 to 23950 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24350 to 24500. During the week the index manages to hit a high of 23728 and close the week around the levels of 23236.

Minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23750 to 23850 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24350 to 24500.

Broad range for the index in the coming week is seen from 22300 to 22400 on downside & 24000 to 24200 on upside.

Nifty FMCG Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (March 27, 2017 – March 31, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support. During the week the index manages to hit a low of 23212 and close the week around the levels of 23455.

Minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 23600 to 23650. Resistance for the index lies in the zone of 23850 to 23950 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24350 to 24500.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24400 to 24500 on upside.

Nifty FMCG Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (March 20, 2017 – March 24, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 5.10%.

As we have mentioned last week that minor resistance for the index lies in the zone of 22500 to 22600. Resistance for the index lies in the zone of 22850 to 22950 from where the index broke down on intraday basis. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying. During the week the index manages to hit a high of 23843 and close the week around the levels of 23491.

Minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 23600 to 23650. Resistance for the index lies in the zone of 23850 to 23950 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24350 to 24500.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24300 to 24500 on upside.

Nifty FMCG Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (March 14, 2017 – March 17, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.30%.

As we have mentioned last week that minor resistance for the index lies in the zone of 22500 to 22600. Resistance for the index lies in the zone of 22850 to 22950 from where the index broke down on intraday basis. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying. During the week the index manages to hit a high of 22450 and close the week around the levels of 22342.

Minor support for the index lies in the zone of 22300 to 22400 from where the index broke out on intraday basis. Support for the index lies in the zone of 21750 to 21850 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 22500 to 22600. Resistance for the index lies in the zone of 22850 to 22950 from where the index broke down on intraday basis. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 21500 to 21600 on downside & 22800 to 22900 on upside.

Nifty FMCG Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (March 06, 2017 – March 10, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 0.70%.

As we have mentioned last week that minor resistance for the index lies in the zone of 22500 to 22600. Resistance for the index lies in the zone of 22850 to 22950 from where the index broke down on intraday basis. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying. During the week the index manages to hit a high of 22777 and close the week around the levels of 22281.

Minor support for the index lies in the zone of 22300 to 22400 from where the index broke out on intraday basis. Support for the index lies in the zone of 21750 to 21850 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 22500 to 22600. Resistance for the index lies in the zone of 22850 to 22950 from where the index broke down on intraday basis. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 21500 to 21600 on downside and 22800 to 22900 on upside.

Nifty FMCG Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 27, 2017 – March 03, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 22300 to 22400 from where the index broke out on intraday basis. Support for the index lies in the zone of 21700 to 21800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21300 to 21400 where 200 Daily SMA is lying. During the week the index manages to hit a low of 22233 and close the week around the levels of 22435.

Minor support for the index lies in the zone of 22300 to 22400 from where the index broke out on intraday basis. Support for the index lies in the zone of 21700 to 21800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21300 to 21400 where 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 22500 to 22600. Resistance for the index lies in the zone of 22850 to 22950 from where the index broke down on intraday basis. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 21600 to 21700 on downside and 23100 to 23200 on upside.

Nifty FMCG Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 20, 2017 – February 24, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.15%.

As we have mentioned last week that minor resistance for the index lies in the zone of 22800 to 22900. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying. During the week the index manages to hit a high of 22881 and close the week around the levels of 22446.

Minor support for the index lies in the zone of 22300 to 22400 from where the index broke out on intraday basis. Support for the index lies in the zone of 21700 to 21800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21300 to 21400 where 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 22800 to 22900. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying.

The index has formed a Shooting Star pattern on weekly basis. Every rise in the index will be sold off.

Broad range for the index in the coming week is seen from 21600 to 21700 on downside to 23100 to 23200 on upside.