Company:- Nifty FMCG Index Time Frame:- Hourly Motive:- Educational Prospective
Describe:- The Nifty FMCG Index is designed to reflect the behavior of FMCGs Indian companies from (Fast Moving Consumer Goods) (FMCG) sector. It incudes companies that deals with those goods and products, which are non-durable, mass consumption products and available off the shelf.
Analysis:- As you can see, Nifty FMCG index has fallen by 7.5% from its top level. You can also see that Nifty FMCG index is continuously trading in the upward sloping channel and take support of bottom of the channel trendline and preparing for upward movement. So friends, if the Nifty FMCG index has to go up, then whatever its heavyweight component is, it will have to perform well, only then the Nifty FMCG index will go up. If you also want to know which stock will out-perform the Nifty FMCG index, then follow me.
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Nifty FMCG Index is bottoming out. This has been confirmed by today's last-hour candle.