SRF has broken it's important resistance in the daily chart, But it is a risky trade as results will be out today.. Seeing the break out with good volumes indicates a good result.. Trade with caution. Maintain a Strict stop loss of swing low.
Avoid if gap up/down.
Britannia forms a Inverted Head and Shoulder pattern.Can take long positions for at least 200 points.
Also Nifty FMCG is bullish ,Why ?
1. Nestle broken important resistance of 16875
2. DABUR despite bad results,rallied it by 5%