Check Nifty FMCG Index Full Analysis At Unicorn Signals

NIFTY FMCG Weekly Outlook and Analysis:

For the Week: (March 28, 2022 – April 01, 2022)

Check Nifty FMCG Index Full Analysis At Unicorn Signals

NIFTY FMCG  Index closed the week on negative note losing 1259.95 points 3.43%.

Weekly High: 36,869.25

Weekly Low: 35,314.85

Weekly Close: 35,522.75

Weekly Support & Resistance For Nifty FMCG Index:

Technically on the daily charts we see minor support on the downside for NIFTY FMCG index lies at 34900 levels, whereas minor resistance on the upside is capped around 36050-36100 levels.

If NIFTY FMCG index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 34400 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 36800.

Currently NIFTY FMCG index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 34500 on downside and 36700 on upside.