Traditionally we have always called India a consumer based economy. Even in the time of criss the 1 of 2 sectors which has help up really well is FMCG . Leaders at even at all time highs and consumption as a story hasn't stopped.

Technically on a monthly basis the 50MEMA has always held since 2009. Going below but always closing the month positively. The same can be seen once again.
Lets keep a watch on some of these stocks which could potentially lead the market out of this painful down move.

Bullish as a sector for me.


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