Get started
Nifty FMCG IndexNifty FMCG IndexNifty FMCG Index

Nifty FMCG Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Components

CNXFMCG trade ideas

The Index to watch next week: FMCG IndexThe index that is trying to break out and one needs to watch the next week seems to be the FMCG Index. The FMCG index is currently facing the Mother line resistance. If the index can overcome the Mother line resistance which is at 53619 there is a chance that this index in the near future can go on to its net resistance levels which are at 54203, 55259 or even 56230. A closing above 56230 or the Father line and the trend line near by in a few weeks or the next quarter can lead the index to gain some previous levels like 57K, 58K or even 59K. The support for FMCG index is currently at 52656, 51508 and 50176. To know more about supports, Resistances, investing in stocks based on sector index, Trend lines Parallel Channels, Mother, Father and small Child Theory, Behavioural finance, Fundamental analysis, Technical analysis, Profit booking etc. Read my book The Happy Candles Way to Wealth creation. It is as on date one of the highest rated books on Amazon. The paperback version and Kindle can be bought through Amazon. You can also contact me to buy the same. Now if this breakout actually happens in the Nifty FMCG index the some of the stocks that composites the FMCG index will be the beneficiaries. Some might benefit more some might benefit less and some might not benefit but for index to move upward the stocks composing it have to perform well. To know which stocks will do better than others we will have to look at their individual charts. The stocks which make the Nifty FMCG index are Tata Consumer, Britannia, Radico Khaitan, Godrej Consumer Products, UBL, Dabur, United Spirits, Nestle, Colgate, Marico, PGHH, Dabur, Balrampur Chini, Hindustan Unilever, Varun Bevreges and ITC. The Index Can Perform if the majority constituents or the stocks with heavy weightage perform. Some of these stocks can perform others might not. Choose wisely after consulting your investment advisor, studying fundamentals and Technicals of each company. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. No one can guarantee any success in highly volatile market or otherwise. There is also chance of bias in our opinion. The supports and resistances indicated are based on data which has a cycle time of being 3 months or older so it is not necessary that it will work. The author or Smart Investment will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:CNXFMCGLong
by Happy_Candles_Investment
FMCG...... DOES IT FIND BASE?The FMCG index shows deep correction, since past some weeks. Although Higher time frame looks bullish but lower time frame witnesses a series of Lower low and lower high. Now The Index seems to form a base ,from where, we can see longterm buying opportunity in the sector. TWO POSSIBLE SCENARIOS (Forr Buying Opportunity) - H&S pattern is forming @0.618 fib level.We can see buying after break and retest of neck line. -OR, Theres a possibility of accumulation of order from POI(demand zone) as marked in the chart. **Before entring in any trade we must need to see both higher and lower timeframe in sync.So structural shift from bearish to bullish in lower time frame must keep in mind.
NSE:CNXFMCGLong
by sSamsameer