NIFTY FMCG Weekly Outlook and Analysis:

For the Week: (July 26,2021 – July 30,2021)

NIFTY FMCG  Index closed the week on positive note gaining 305.10 points 0.84%.

Weekly High: 36,734

Weekly Low: 36,054.75

Weekly Close: 36,558.65

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 36200 levels, whereas minor resistance on the upside is capped around 36800-36850 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 35800 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 37200.

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 36000 on downside and 37000 on upside.