NIFTY FMCG Outlook for the Week (August 21, 2023 - August 25, 2023)

NIFTY FMCG closed the previous week on a negative note losing 1.71%.

Technically, NIFTY FMCG share price will see immediate support at 51,009.65 and immediate resistance would be seen at 51,894.80.

If NIFTY FMCG share price closes below immediate support of 51,009.65, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 50,554.55 for the week.

On the positive side, immediate resistance will be seen at 51,894.80. Closing above 51,894.80, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 52,324.85 for the week.

Trading range for NIFTY FMCG share price for this week should be between 50,124.50 on down side and 52,779.95 on up side.

NIFTY FMCG Previous Week High: 51869.75

NIFTY FMCG Previous Week Low: 50984.6

NIFTY FMCG Previous Week Range: 885.15 Points

NIFTY FMCG share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type	Value
Resistance 3	52,779.95
Resistance 2	52,324.85
Resistance 1	51,894.80
Support 1	51,009.65
Support 2	50,554.55
Support 3	50,124.50

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NIFTY FMCG Outlook for the Week (August 21, 2023 – August 25, 2023)

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