Check Nifty FMCG Index Full Analysis At Unicorn Signals

NIFTY FMCG Weekly Outlook and Analysis:

For the Week: (Mar 06, 2023 – March 10, 2023)

NIFTY FMCG  Index closed the week on positive note gaining 37.50 points 0.08%.

Weekly High: 45,471.65

Weekly Low: 44,667.10

Weekly Close: 45,410

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 45,100 levels, whereas minor resistance on the upside is capped around 45,9650-45,700 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 44,700 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 46,100.

Currently NIFTY FMCG index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 44,800 on downside and 45,900 on upside.