EquityPandit’s Outlook for NIFTY FMCG for the week (Mar 26, 2018 – Mar 28, 2018) :  

NIFTY FMCG:

Nifty FMCG index closed the week on negative note losing around 0.50%.

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 25696 and close the week around the levels of 25910.

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.

Minor resistance for the index lies in the zone of 26100 to 26200. 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 25000 to 25100 on downside & 26600 to 26700 on upside.