Weekly Outlook on CNX FMCG and its main components (July 20,2015 - July 24,2015)

DATE: 17/07/2015

WEEKLY OUTLOOK FOR

CNX FMCG AND

ITS MAIN COMPONENTS

(20/07/2015 - 24/07/2015)

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Jagrut Shah Darpan Shah

Sr. Research Analyst Head - Research

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CNX FMCG index closed the week on positive note gaining around 4%.

As we have mentioned last week that on 10/07/2015 the index has taken support around

the rising trend-line positioned around the levels of 19800 and the index closed above the 20

Daily EMA and 50 Daily EMA positioned around the levels of 19850.

This week the index hold that support zone and also the index moved above the strong

resistance zone of 20200 where 100 & 200 Daily SMA were lying.

During the week the index also cross above the downward sloping trend-line positioned

around the levels of 20300.

As we have been mentioning that if the index cross above the levels of 20300 the index can

move towards the levels of 21000.

Support for the index lies in the range of 19800 to 20100 where short term and long term

moving averages are positioned.

Broad range for the index in the coming week is seen from 19700 on downside to 21000 on

upside.

CNX FMCG


ITC closed the week on positive note gaining around 4%.

During the week stock managed to cross over the stiff resistance zone of 318 and also close

the week above that levels. As we have mentioned last week that if the stock manages to

close above the resistance zone of 318 the stock can move to the levels of 325 and the stock

hit the high of 324 during the week.

The stock is approaching towards the strong resistance zone of 325 to 330 levels where 100

Daily SMA and 20 Weekly EMA are lying.

If the stock manages to close above this levels the stock can move to the levels of 340.

Support for the stock lies in the range of 310 to 315 where short term moving averages are

positioned.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 330

to 340 on upside.

ITC


HIND Unilever closed the week on positive note gaining around 4%.

As we have mentioned last week that the stock is approaching towards the support zone of

870 to 890 where 100 Daily SMA and downward sloping channel are positioned and the

stock bounced back from that levels to hit the high of 940 levels.

Since last 2 weeks the stock has been facing stiff resistance around the levels of 930 to 940

and the stock is selling off to the levels of sub 900.

The stock has formed a Bearish engulfing pattern on daily charts. The stock has to close

above the levels of 940 to negate this pattern.

If the stock manages to close above the levels 940 we may see stock moving towards the

levels of 960 to 980 levels.

Support for the stock lies in the range of 890 to 910 where short term moving averages are

lying.

Broad range for the stock in coming week is seen between 870 to 890 on downside and 950

to 970 on upside.

H IND UNILEVER


Dabur closed the week on positive note gaining more than 3%.

The stock hit the 52 week high of around 300 levels during the week and sold off to the levels

of 290.

Support for the stock lies in the zone of 280 to 285 where short term, medium term moving

averages and trend-line support are positioned.

Resistance for the stock lies in the zone of 300 to 305 levels.

Broad range for the stock is seen between 275 to 280 on lower end and 300 to 305 on upper

end.

DABUR


Colgate Palmolive closed the week on positive note gaining around 2%.

The stock has formed a Bullish Harami pattern on weekly charts indicating the end of

downtrend in the stock.

The stock has been facing the resistance around the downward sloping trend-line positioned

at the levels of 2060.

If the stock manages to cross over the levels of 2060 the stock can move to the levels of 2100

to 2150 where upwards moving trend-line is positioned.

Support for the stock lies in the range of 1980 to 2000 where short term moving averages

are positioned.

Broad range for the stock is seen between 1980 to 2000 on lower end and 2080 to 2120 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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Weekly Outlook on CNX FMCG and its main components (July 20,2015 - July 24,2015)

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Transcript of Weekly Outlook on CNX FMCG and its main components (July 20,2015 - July 24,2015)