Piyush Goyal Wants Better Services From PSBs For Farmers & MSMEs

January 29, 2019

Piyush Goyal, the interim Finance Minister yesterday met with the heads of public sector banks in order to discuss the steps regarding the promotion of lending to MSME and agriculture sectors.

Piyush Goyal, Union Finance Minister said, “Public-sector banks have had internal deliberations on various aspects of their functioning… They have been able to discuss and deliberate on various measures to support the MSME sector and the financing for the housing sector also.”

Goyal also added, “While the government assured full support to the public sector banks, we would like them to look at ways to improve delivery of services to our farmers. We would like them to be more proactive in encouraging retail businesses.”

Goyal, who recently took charge as an interim finance minister, made clear in his statement that deliberation from the meeting held is going to create a far more vibrant, proactive, profitable banking sector in the days to come.

The finance minister also pressed on his belief that the government wants the PSB to improve the delivery of services provided to farmers as well as wants them to be proactive in encouraging retail businesses.

Read EquityPandit’s Technical Analysis of Nifty PSU Bank

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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