Singh_Siddz

FMCG Sector can bounce this week

Long
NSE:CNXFMCG   NIFTY FMCG
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FMCG Index took support of 200 EMA and showing bullish signs.

Even if it comes down again towards 200 EMA that will present a fantastic oppurtunity to go long on FMCG Stocks as it will create a double bottom for short term.

I would look to enter the shares mentioned on the charts for Longs till CNX FMCG index does not break the recent lows.

Trade active: All ITC/Dabur/Colpal/Godrej did well since the update.