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HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan

The FMCG index has breached previous reversal support, igniting fear of caution among retail traders. This move emerged after the index reached a new historic peak a few sessions ago.

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FMCG stocks

Avdhut Bagkar Mumbai

3 min read Last Updated : Jul 25 2023 | 12:02 PM IST

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Nifty FMCG index slips over 1 per cent on Tuesday post tumbling 2 per cent in the previous session, following ITC declaring demerge of its hotel business.

shares of ITC on Tuesday plunged close to 3 per cent post dipping 4 per cent in the last session. Britannia Industries and Varun Beverages too witnessed a cut of 2 per cent and 1.50 per cent, respectively.

The FMCG index has breached previous reversal support, igniting fear of caution among retail traders. This move emerged after the index reached a new historic peak a few sessions ago.

Here’s the technical out of

Topics : Nifty FMCG ITC Ltd FMCG stocks stock market trading stock market rally Stock movemnet stock market bets stock market investing stock market bulls Stock market investment stocks technical analysis technical analysis Market technicals technical charts Daily technicals technical callls Weekly technical

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