NIFTY FMCG Weekly Outlook and Analysis:

For the Week: (Oct 04,2021 – Oct 08,2021)

NIFTY FMCG  Index closed the week on                negative note losing 691.90 points 1.68%.

Weekly High: 41,273

Weekly Low: 40,036.45

Weekly Close: 40,399

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 39900 levels, whereas minor resistance on the upside is capped around 40750-40800 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 39300 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 41300.

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 39500 on downside and 41100 on upside.