The Nifty FMCG index exhibits a near-term bullish trend, which signifies favorable market conditions for investors. Under these circumstances, the most optimal trading strategy would be to ‘buy on dips’, thereby capitalising on market downturns and ulasan film maximizing profits.
It is anticipated that the target or resistance levels may reach 46,025 – 46,400, which indicates substantial potential gains for savvy investors.
The relative strength index (RSI) currently stands at 57, which is indicative of a bullish market outlook, as it suggests that the buying momentum is gaining strength.
It is a positive signal for those seeking to adopt bullish positions in the market. Traders seeking to leverage the opportunities presented by the current market conditions are advised to adopt a prudent approach by exercising caution and adhering to a strict stop loss of 45,180.
This strategy will, therefore, help to mitigate any losses that may arise from sudden market movements, thereby reducing risk exposure.