Nifty Bank Outlook for the Week (June 8, 2020 – June 12, 2020)

June 7, 2020December 14, 2020

EquityPandit’s Outlook for Nifty Bank for the week (June 8, 2020 – June 12, 2020)

NIFTY BANK:

NIFTY BANK Index closed the week on positive note gaining 1737.25 points 9.00%.

Weekly High: 21,619.55

Weekly Low: 19,632.90

Weekly Close: 21,034.50

Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 20000 levels, whereas minor resistance on the upside is capped around 21900-22000 levels.

If NIFTY BANK 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 18700 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 23300.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 19000 on downside and 23000 on upside.

WEEKLY PIVOT LEVELS:

RESISTANCE 2: 22,748

RESISTANCE 1: 21,891

SUPPORT 1: 19,905

SUPPORT 2: 18,775

INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY FMCG closed the previous week on a negative note losing 3.25%.

Technically, NIFTY FMCG share price will see immediate support at 53,433.80 and immediate resistance would be seen at 55,244.80.

If NIFTY FMCG share price closes below immediate support of 53,433.80, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 52,760.25 for the week.

On the positive side, immediate resistance will be seen at 55,244.80. Closing above 55,244.80, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 56,382.25 for the week.

Trading range for NIFTY FMCG share price for this week should be between 51,622.80 on down side and 57,055.80 on up side.

NIFTY FMCG Previous Week High: 55708.7

NIFTY FMCG Previous Week Low: 53897.7

NIFTY FMCG Previous Week Range: 1811 Points

NIFTY FMCG share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	57,055.80
Resistance 2	56,382.25
Resistance 1	55,244.80
Support 1	53,433.80
Support 2	52,760.25
Support 3	51,622.80

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INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY FMCG closed the previous week on a negative note losing 2.31%.

Technically, NIFTY FMCG share price will see immediate support at 54,788.47 and immediate resistance would be seen at 56,085.92.

If NIFTY FMCG share price closes below immediate support of 54,788.47, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 54,127.78 for the week.

On the positive side, immediate resistance will be seen at 56,085.92. Closing above 56,085.92, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 56,722.68 for the week.

Trading range for NIFTY FMCG share price for this week should be between 53,491.02 on down side and 57,383.37 on up side.

NIFTY FMCG Previous Week High: 56062

NIFTY FMCG Previous Week Low: 54764.55

NIFTY FMCG Previous Week Range: 1297.45 Points

NIFTY FMCG share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	57,383.37
Resistance 2	56,722.68
Resistance 1	56,085.92
Support 1	54,788.47
Support 2	54,127.78
Support 3	53,491.02

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INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY FMCG closed the previous week on a negative note losing 2.46%.

Technically, NIFTY FMCG share price will see immediate support at 54,307.40 and immediate resistance would be seen at 55,673.95.

If NIFTY FMCG share price closes below immediate support of 54,307.40, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 53,550.10 for the week.

On the positive side, immediate resistance will be seen at 55,673.95. Closing above 55,673.95, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 56,283.20 for the week.

Trading range for NIFTY FMCG share price for this week should be between 52,940.85 on down side and 57,040.50 on up side.

NIFTY FMCG Previous Week High: 55525.9

NIFTY FMCG Previous Week Low: 54159.35

NIFTY FMCG Previous Week Range: 1366.55 Points

NIFTY FMCG share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	57,040.50
Resistance 2	56,283.20
Resistance 1	55,673.95
Support 1	54,307.40
Support 2	53,550.10
Support 3	52,940.85

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INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY FMCG closed the previous week on a negative note losing 3.69%.

Technically, NIFTY FMCG share price will see immediate support at 54,209.75 and immediate resistance would be seen at 56,283.00.

If NIFTY FMCG share price closes below immediate support of 54,209.75, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 53,143.00 for the week.

On the positive side, immediate resistance will be seen at 56,283.00. Closing above 56,283.00, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 57,289.50 for the week.

Trading range for NIFTY FMCG share price for this week should be between 52,136.50 on down side and 58,356.25 on up side.

NIFTY FMCG Previous Week High: 56222.75

NIFTY FMCG Previous Week Low: 54149.5

NIFTY FMCG Previous Week Range: 2073.25 Points

NIFTY FMCG share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	58,356.25
Resistance 2	57,289.50
Resistance 1	56,283.00
Support 1	54,209.75
Support 2	53,143.00
Support 3	52,136.50

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INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY FMCG closed the previous week on a negative note losing 1.54%.

Technically, NIFTY FMCG share price will see immediate support at 53,872.35 and immediate resistance would be seen at 54,716.40.

If NIFTY FMCG share price closes below immediate support of 53,872.35, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 53,470.80 for the week.

On the positive side, immediate resistance will be seen at 54,716.40. Closing above 54,716.40, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 55,158.90 for the week.

Trading range for NIFTY FMCG share price for this week should be between 53,028.30 on down side and 55,560.45 on up side.

NIFTY FMCG Previous Week High: 54757.35

NIFTY FMCG Previous Week Low: 53913.3

NIFTY FMCG Previous Week Range: 844.05 Points

NIFTY FMCG share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	55,560.45
Resistance 2	55,158.90
Resistance 1	54,716.40
Support 1	53,872.35
Support 2	53,470.80
Support 3	53,028.30

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