Nifty FMCG Index A Correction or a Buying Opportunity - 22.03.2025
Nifty FMCG Index A Correction or a Buying Opportunity - 22.03.2025
Nifty FMCG Index A Correction or a Buying Opportunity - 22.03.2025
Nifty FMCG Index: A Correction or a Buying Opportunity? – 22.03.2025
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Key Factors Affecting & Reasons
- The index remains in a strong long-term uptrend but is facing short-term correction.
- 50-day MA at 57,774.96 is acting as resistance, while 150-day and 200-day MAs at 51,258.05 and 47,823.85 provide crucial support.
- RSI at 39.57 indicates weak momentum, suggesting a cautious approach.
- MACD remains negative, hinting at possible further downside.
- ADX at 20.49 shows a weakening trend strength, indicating consolidation.
Key Watch
- Support levels: 52,000 | 48,000
- Resistance levels: 57,700 | 60,000
- A breakout above 57,700 could trigger fresh buying, while a breakdown below 52,000 might lead to further downside.
Volume Analysis
- Trading volume at 193.49M, below the average of 260.50M, indicating reduced participation.
- Increased volume will be needed to confirm any breakout or breakdown.
Dow Theory Chart Analysis & Observations
- Long-term bullish trend remains intact despite short-term correction.
- Price is currently testing crucial moving average support.
- A move above 54,000 could reinforce bullish sentiment, while a close below 50,000 may accelerate selling pressure.
Stocks to Watch
- Hindustan Unilever
- ITC
- Nestlé India
- Dabur
Market Insights: Short-Term & Long-Term View
- Short-Term: Consolidation phase, a breakout above 57,700 is needed for a fresh rally.
- Long-Term: The bullish trend remains intact, making dips potential buying opportunities for investors.
Disclaimer : This analysis is for educational and informational purposes only. It does not constitute financial advice. Please conduct your own research before making investment decisions.
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