In spread chart of CNXFMCG/NIFTY 2.45 seems very good support level. It was respected many times before and may be respected this time also. So some bounce back may be expected from that level in whole sector. Some mid cap FMCG name may be looked upon
CNXFMCG/NIFTY is another defensive sector. It seems money is moving from other sectors to pharma and FMCG.
HIDUNILVR near Trendline Breakout (Green Line) Looks good for buy trade above 2144.50 level (Pink line) for Target of 2160-2170
There's no worse feeling than having the market go up and Still see your portfolio in negative and wondering why my stocks are not recovering ? Its because FII's, smart investors, LIC and bigger investment groups have churned sectors, rotated money into new sectors. Corona virus brought new opportunities and shut door on some business(which were stars earlier)...