EquityPandit’s Outlook for CNX FMCG for the week (August 24, 2015 – August 28, 2015):

CNX FMCG:

CNX FMCG index closed the week on positive note gaining around 2%.

On 20/08/2015 the index broke out of the consolidation range of 20000 to 20500 and close the week around the levels of 20700.

Above the levels of 20850 the index can move to the levels of 21300 where upward moving trend-line for the index is positioned.

Support for the index lies in the zone of 20200 to 20500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 20900, above which the index can move to the levels of 21300.

Broad range for the index in the coming week is seen from 20200 on downside to 21300 on upside.