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INDEX OUTLOOKMARKET OUTLOOKNIFTY FMCG

NIFTY FMCG Outlook for the Week (January 15, 2024 – January 19, 2024)

NIFTY FMCG
NIFTY FMCG
NIFTY FMCG closed the previous week on a negative note losing 3.01%.

Technically, NIFTY FMCG share price will see immediate support at 55,746.38 and immediate resistance would be seen at 57,486.73.

If NIFTY FMCG share price closes below immediate support of 55,746.38, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 55,007.02 for the week.

On the positive side, immediate resistance will be seen at 57,486.73. Closing above 57,486.73, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 58,487.72 for the week.

Trading range for NIFTY FMCG share price for this week should be between 54,006.03 on down side and 59,227.08 on up side.

NIFTY FMCG Previous Week High: 57748.35

NIFTY FMCG Previous Week Low: 56008

NIFTY FMCG Previous Week Range: 1740.35 Points

NIFTY FMCG share price support and resistance for the week (January 15, 2024 – January 19, 2024)

Level Type Value
Resistance 3 59,227.08
Resistance 2 58,487.72
Resistance 1 57,486.73
Support 1 55,746.38
Support 2 55,007.02
Support 3 54,006.03
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