EquityPandit’s Outlook for NIFTY FMCG for the week  (Sep 25, 2017 – Sep 29, 2017) :  

NIFTY FMCG:

Nifty FMCG index closed the week on negative note losing around 1.10%.

As we have mentioned last week, that support for the index lies in the zone of 25000 to 25200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels are lying. During the week the index manages to hit a low of 25156 and close the week around the levels of 25220.

Support for the index lies in the zone of 25000 to 25200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24600 to 24700 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 25400 to 25500. Resistance for the index lies in the zone of 25700 to 25800 where short and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25900 to 26000 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 24500 to 24600 on downside & 25800 to 25900 on upside.