Nifty FMCG Ready for a Fresh Rally or Just Catching Its Breath? | Weekly Chart Insights - 05.04.2025
Nifty FMCG Ready for a Fresh Rally or Just Catching Its Breath? | Weekly Chart Insights – 5 April 2025
K Karthik Raja (Market Educator & Technical Analyst)
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Key Factors Affecting the Index:
- Rural demand revival expected post-Rabi harvest and pre-election stimulus.
- Input cost pressure easing with global commodity prices cooling off.
- Strong brand loyalty and consistent margins even in turbulent markets.
- Defensive nature of FMCG attracting investors amid broader volatility.
Key Levels to Watch:
- Resistance: 57,800 – a break above could trigger fresh highs.
- Support: 51,400 and major base at 48,000 – strong buying zones.
- Watch how the index reacts around 200-week MA; it’s historically respected.
Volume Analysis:
- Recent bounce was supported by rising volumes, showing accumulation interest.
- Volume spiked near support zones – signs of strong hands entering.
- Watch for continuation of higher volume on up moves – bullish signal.
Dow Theory & Chart Observations:
- Long-term trend remains bullish with higher highs and higher lows.
- Trading above 150 and 200-week moving averages – bullish structure intact.
- RSI at 43 – neutral zone, potential for upside without being overbought.
- MACD is still negative but shows signs of bottoming.
- ADX at 18 – trend still forming, not yet strong but gaining ground.
Stocks to Watch:
- Hindustan Unilever (HUL)
- Nestlé India
- ITC
- Britannia
- Dabur
- Marico
Market Insights:
Short-Term View:
- Likely consolidation between 51,000–56,000.
- Buying on dips toward 51,500 could offer favorable risk-reward.
Long-Term View:
- Bullish setup intact if 48,000 holds.
- Targets of 63,000–66,000 possible in the next 6–12 months.
- Strong candidate for portfolio stability during market uncertainty.
Disclaimer:
This article is for educational and informational purposes only and should not be considered financial advice. Please consult a certified financial advisor before making any investment decisions.
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