NIFTY FMCG : At Crossroads Breakout or Reversal ?
Nifty FMCG index is clearly showing signs of reversal.
Unable to cross Aug 18 highs till now, clearly HUL, Britannia, Nestle and Dabur all are showing neutral to bearish signs on charts except ITC which is clearly performing inversely to HUL.
Too much money has chased growths in the safest sector and now might be the time to book profits at almost highs and move into IT & Banking stocks.
View becomes invalid in case we cross 32500 lvls.
Unable to cross Aug 18 highs till now, clearly HUL, Britannia, Nestle and Dabur all are showing neutral to bearish signs on charts except ITC which is clearly performing inversely to HUL.
Too much money has chased growths in the safest sector and now might be the time to book profits at almost highs and move into IT & Banking stocks.
View becomes invalid in case we cross 32500 lvls.
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