EquityPandit’s Outlook for NIFTY FMCG for the week (Apr 02, 2018 – Apr 06, 2018) :  

NIFTY FMCG:

Nifty FMCG index closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that support for the index lies in the zone of 25800 to 26000 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25300 to 25400 where Fibonacci levels are lying. During the week the index manages to hit a low of 25778 and close the week around the levels of 26127.

Support for the index lies in the zone of 25800 to 26000 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25300 to 25400 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 26500 to 26600 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 27000 to 27100 from where the index has sold off.

Broad range for the index in the coming week is seen from 25400 to 25500 on downside & 26700 to 26800 on upside.