Weekly Outlook for NIFTY FMCG and Main Components

DATE: 02/12/2016
WEEKLY OUTLOOK FOR
NIFTY FMCG AND
ITS MAIN COMPONENTS
(05/12/2016 - 09/12/2016)
© EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com
Jagrut Shah Darpan Shah
Sr. Research Analyst Head - Research
EquityPandit Financial Services Pvt. Ltd.
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Nifty FMCG index closed the week on absolutely flat note.
As we have mentioned last week that resistance for the index lies in the zone of 20500 to 20700
from where the index has broken down from the June-2016 lows and also long term moving av-
erages are lying. If the index manages to close above these levels then the index can move to the
levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.
During the week the index manages to hit a high of 20671 and close the week around the levels
20180.
Minor support for the index lies in the zone of 19900 to 20000. Support for the index lies in the
zone of 19500 to 19600 where the index has formed a short term bottom. If the index manages
to close below these levels then the index can drift to the levels of 19000 to 19100 where the in-
dex has taken support in the month of March-2016 and May-2016.
Resistance for the index lies in the zone of 20500 to 20700 from where the index has broken
down from the June-2016 lows and also long term moving averages are lying. If the index man-
ages to close above these levels then the index can move to the levels of 21000 to 21100 from
where the index has broken down from the October-2016 lows.
Broad range for the index in the coming week is seen from 19200 to 19300 on downside to
20700 to 20800 on upside.
NIFTY FMCG

ITC closed the week on absolutely flat note.
As we have mentioned last week that resistance for the stock lies in the zone of 232 to 234
where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close
above these levels then the stock can move to the levels of 240 to 243 where medium term
moving averages are lying. During the week the stock manages to hit a high of 236 and close
the week around the levels of 229.
Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the
consolidation zone from December-2015 to May-2016. If the stock manages to close below
these levels then the stock can drift to the levels of 200.
Resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of
October-2016 are lying. If the stock manages to close above these levels then the stock can
move to the levels of 240 to 243 where medium term moving averages are lying.
Broad range for the stock in coming week is seen between 220 to 222 on downside and 234
to 236 on upside.
ITC

HIND Unilever closed the week on negative note losing around 0.30%.
As we have mentioned last week that minor resistance for the stock lies in the zone of 840 to
845. Resistance for the stock lies in the zone of 850 to 855 where trend-line joining lows of
January - 2016 and May - 2016 is lying and also 500 Daily SMA is lying. If the stock manages
to close above these levels then the stock can move to the levels of 870 to 875 where 200
Daily SMA is lying. During the week the stock manages to hit a high of 856 and close the
week around the levels of 831.
Minor support for the stock lies in the zone of 815 to 820. Support for the stock lies in the
zone of 800 to 805 from where the stock has bounced in the month of May - 2016. If the
stock manages to close below these levels then the stock can drift to the levels of 760 to 765
from where the stock has bounced in the month of January - 2016.
Minor resistance for the stock lies in the zone of 840 to 845. Resistance for the stock lies in
the zone of 850 to 855 where trend-line joining lows of January - 2016 and May - 2016 is ly-
ing and also 500 Daily SMA is lying. If the stock manages to close above these levels then the
stock can move to the levels of 870 to 875 where 200 Daily SMA is lying.
Broad range for the stock in coming week is seen between 800 to 810 on downside and 850
to 855 on upside.
HIND UNILEVER

Dabur closed the week on positive note gaining around 3.10%.
As we have mentioned last week that support for the stock lies in the zone of 270 to 272 where
the stock has taken support in the month of October-2016 and November-2016. If the stock man-
ages to close below these levels then the stock will break down from the 2 months of consolida-
tion and the stock can drift to the levels of 260 to 262 levels from where the stock has broken out
in the month of April-2016. During the week the stock manages to hit a low of 275 and close the
week around the levels of 284.
Support for the stock lies in the zone of 278 to 280 from where the stock has broken out on intra-
day basis. Support for the stock lies in the zone of 270 to 272 where the stock has taken support
in the month of October-2016 and November-2016. If the stock manages to close below these
levels then the stock will break down from the 2 months of consolidation and the stock can drift
to the levels of 260 to 262 levels from where the stock has broken out in the month of April-
2016.
Resistance for the stock lies in the zone of 283 to 285 where 200 Daily SMA and medium term
moving averages are lying. If the stock manages to close above these levels then the stock can
move to the levels of 295 to 298.
Broad range for the stock is seen between 272 to 275 on lower end and 295 to 300 on upper end.
DABUR

Colgate Palmolive closed the week on positive note gaining around 0.40%.
As we have mentioned last week that resistance for the stock lies in the zone of 940 to 950
where medium term moving averages are lying. If the stock manages to close above these
levels then the stock can move to the levels of 980 to 990. During the week the stock man-
ages to hit a high of 947 and close the week around the levels of 927.
Support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock
manages to close below these levels then the stock can drift to the levels of 850 to 860 from
where the stock has broken out of the consolidation zone from February-2016 to May-2016.
Resistance for the stock lies in the zone of 940 to 950 where medium term moving averages
are lying. If the stock manages to close above these levels then the stock can move to the lev-
els of 980 to 990.
Broad range for the stock is seen between 890 to 900 on lower end and 950 to 960 on upper
end.
COLGATE PALMOLIVE

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Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities
mentioned. No representations can be made that the recommendations contained herein will be profitable or
that they will not result in losses. Readers using the information contained herein are solely responsible for
their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy
and completeness. Minimum amount mentioned here depends upon stock prices and market conditions and
will vary accordingly.

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