Key Factors Affecting the Market
- Rising inflation impacting consumer spending patterns.
- Rural demand and urban consumption trends.
- Government policies on GST, subsidies, and taxation.
- Quarterly earnings of major FMCG companies.
- Raw material price fluctuations affecting margins.
Key Levels to Watch
- Resistance: 57,835
- Support: 47,466
- Indicators:
- 50 MA – 57,835
- 150 MA – 51,062
- 200 MA – 47,466
- RSI – 34.64 (Near oversold levels)
- MACD – Bearish momentum observed
Volume Analysis
- Current volume: 209.121M
- Weekly average: 168.344M
- Increased volume suggests institutional activity.
Dow Theory Chart Analysis & Observations
- Long-term uptrend remains intact.
- Short-term correction visible but strong support around 47,466.
- If resistance at 57,835 is breached, expect further upside.
Stocks to Watch
- HUL, ITC, Nestle, Dabur, Britannia, Marico – key FMCG players.
- Positive outlook for stocks with strong rural demand and pricing power.
Market Insights
Short-Term View
- Expect sideways movement unless strong buying emerges.
- Breaking resistance at 57,835 could lead to a new rally.
- If support at 51,062 breaks, further downside is possible.
Long-Term View
- The FMCG sector remains a defensive bet amid market volatility.
- Strong fundamentals and consumption-led growth support bullish outlook.
Disclaimer
This article is for informational purposes only and should not be considered financial advice. Do your own research before making any investment decisions.