Nifty FMCG Outlook for the Week (May 08, 2017 – May 12, 2017)

May 6, 2017December 8, 2020

EquityPandit’s Outlook for NIFTY FMCG for the week (May 08, 2017 – May 12, 2017) :

NIFTY FMCG:

Nifty FMCG index closed the week on negative note losing around 0.20%.

As we have mentioned last week that resistance for the index lies in the zone of 23750 to 23850 where highs for the month of March-2017 and April-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying. During the week the index manages to hit a high of 23991 and close the week around the levels of 23630.

Minor support for the index lies in the zone of 23300 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Resistance for the index lies in the zone of 23800 to 24000 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24500 to 24600 on upside.

INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY FMCG closed the previous week on a negative note losing 3.25%.

Technically, NIFTY FMCG share price will see immediate support at 53,433.80 and immediate resistance would be seen at 55,244.80.

If NIFTY FMCG share price closes below immediate support of 53,433.80, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 52,760.25 for the week.

On the positive side, immediate resistance will be seen at 55,244.80. Closing above 55,244.80, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 56,382.25 for the week.

Trading range for NIFTY FMCG share price for this week should be between 51,622.80 on down side and 57,055.80 on up side.

NIFTY FMCG Previous Week High: 55708.7

NIFTY FMCG Previous Week Low: 53897.7

NIFTY FMCG Previous Week Range: 1811 Points

NIFTY FMCG share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	57,055.80
Resistance 2	56,382.25
Resistance 1	55,244.80
Support 1	53,433.80
Support 2	52,760.25
Support 3	51,622.80

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INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY FMCG closed the previous week on a negative note losing 2.31%.

Technically, NIFTY FMCG share price will see immediate support at 54,788.47 and immediate resistance would be seen at 56,085.92.

If NIFTY FMCG share price closes below immediate support of 54,788.47, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 54,127.78 for the week.

On the positive side, immediate resistance will be seen at 56,085.92. Closing above 56,085.92, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 56,722.68 for the week.

Trading range for NIFTY FMCG share price for this week should be between 53,491.02 on down side and 57,383.37 on up side.

NIFTY FMCG Previous Week High: 56062

NIFTY FMCG Previous Week Low: 54764.55

NIFTY FMCG Previous Week Range: 1297.45 Points

NIFTY FMCG share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	57,383.37
Resistance 2	56,722.68
Resistance 1	56,085.92
Support 1	54,788.47
Support 2	54,127.78
Support 3	53,491.02

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INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY FMCG closed the previous week on a negative note losing 2.46%.

Technically, NIFTY FMCG share price will see immediate support at 54,307.40 and immediate resistance would be seen at 55,673.95.

If NIFTY FMCG share price closes below immediate support of 54,307.40, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 53,550.10 for the week.

On the positive side, immediate resistance will be seen at 55,673.95. Closing above 55,673.95, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 56,283.20 for the week.

Trading range for NIFTY FMCG share price for this week should be between 52,940.85 on down side and 57,040.50 on up side.

NIFTY FMCG Previous Week High: 55525.9

NIFTY FMCG Previous Week Low: 54159.35

NIFTY FMCG Previous Week Range: 1366.55 Points

NIFTY FMCG share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	57,040.50
Resistance 2	56,283.20
Resistance 1	55,673.95
Support 1	54,307.40
Support 2	53,550.10
Support 3	52,940.85

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INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY FMCG closed the previous week on a negative note losing 3.69%.

Technically, NIFTY FMCG share price will see immediate support at 54,209.75 and immediate resistance would be seen at 56,283.00.

If NIFTY FMCG share price closes below immediate support of 54,209.75, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 53,143.00 for the week.

On the positive side, immediate resistance will be seen at 56,283.00. Closing above 56,283.00, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 57,289.50 for the week.

Trading range for NIFTY FMCG share price for this week should be between 52,136.50 on down side and 58,356.25 on up side.

NIFTY FMCG Previous Week High: 56222.75

NIFTY FMCG Previous Week Low: 54149.5

NIFTY FMCG Previous Week Range: 2073.25 Points

NIFTY FMCG share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	58,356.25
Resistance 2	57,289.50
Resistance 1	56,283.00
Support 1	54,209.75
Support 2	53,143.00
Support 3	52,136.50

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INDEX OUTLOOK MARKET OUTLOOK NIFTY FMCG

NIFTY FMCG Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY FMCG closed the previous week on a negative note losing 1.54%.

Technically, NIFTY FMCG share price will see immediate support at 53,872.35 and immediate resistance would be seen at 54,716.40.

If NIFTY FMCG share price closes below immediate support of 53,872.35, then sharp breakdown can be seen. NIFTY FMCG share price will see major support at 53,470.80 for the week.

On the positive side, immediate resistance will be seen at 54,716.40. Closing above 54,716.40, NIFTY FMCG share price will see a sharp breakout. Major resistance for NIFTY FMCG share price will be seen at 55,158.90 for the week.

Trading range for NIFTY FMCG share price for this week should be between 53,028.30 on down side and 55,560.45 on up side.

NIFTY FMCG Previous Week High: 54757.35

NIFTY FMCG Previous Week Low: 53913.3

NIFTY FMCG Previous Week Range: 844.05 Points

NIFTY FMCG share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	55,560.45
Resistance 2	55,158.90
Resistance 1	54,716.40
Support 1	53,872.35
Support 2	53,470.80
Support 3	53,028.30

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