Check Nifty FMCG Index Full Analysis At Unicorn Signals

NIFTY FMCG Weekly Outlook and Analysis:

For the Week: (Dec 19, 2022 – Dec 23, 2022)

Check Nifty FMCG Index Full Analysis At Unicorn Signals

NIFTY FMCG  Index closed the week on negative note losing 838.75 points 1.82%.

Weekly High: 46,331.20

Weekly Low: 45,096.25

Weekly Close: 45,320.75

Weekly Support & Resistance For Nifty FMCG Index:

Technically on the daily charts we see minor support on the downside for NIFTY FMCG index lies at 44800 levels, whereas minor resistance on the upside is capped around 45700-45750 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 44400 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 46200.

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 44500 on downside and 46000 on upside.