Click on the charts below to enlarge and open in a new window.
Sensex Technical View :
Will 50 dema and 17400-17300 hold this time. Possibly yes ! … Buying can be done in two parts at 17300-17400 and 17000 with a stoploss of 16900 and possible target of 17700.
FMCG stocks which are generally considered defensives are all setting up for new 52 week highs.
Seems the next few sessions would see FMCG rule…….. Traders can keep a watch . Colgate remains my favorite.
Strong support at 1000-980. Speculative buying for bounce can be done with 960 stop.