Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
I am looking this is high likely will form an contracting flat before it makes another move up The correction on daily seems very slow in nature both on hourly its choppy , there is no panic sale One can look for position them self after a brief correction for one more move up
structure of fmcg gap , support , resistance , parallel channel all been shown in the chart BRITANNIA ITC HUL COLPAL DABUR CHECK ALL OUT
Its moving in sideways pattern , the consolidation phase is in last move I am looking this could drop one more time before making an turn around
Watchout in this space since most of stocks part of this index have premium valuations.
Sectoral Analysis Picking time tested leaders . Britannia Dabur Marico Jubliant Food Godrej Industry -------------- Nestle United Brew GSK Cons
cnxfmcg has touched top three times and rejected from there broken the channel might head more downside