Check Nifty FMCG Index Full Analysis At Unicorn Signals

Nifty FMCG Index Weekly Outlook and Analysis:

For the Week: (June 12, 2023 – June 16, 2023)

Nifty Outlook for the Week (May 22, 2023 – May 26, 2023)

NIFTY FMCG Index closed the week on negative note losing 613.80 points 1.20%.

Weekly High: 51,718

Weekly Low: 50,605.75

Weekly Range: 50,674.85

Weekly Support & Resistance For Nifty:

Technically on the daily charts we see minor support on the downside for NIFTY FMCG index lies at 50,250 levels, whereas minor resistance on the upside is capped around 51,200-51,250 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 49,800 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 51,600.

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 49,900 on downside and 51,500 on upside.