Ravi Nathani recommends placing bearish trading bets on Nifty Metal index

According to the technical analyst, the Nifty FMCG index is gyrating in a 1,000-point range, a breakout from the same could trigger a fresh trend.

Nifty FMCG Index

Last close: 44,456.90 

The Nifty FMCG index, which represents the performance of Fast Moving Consumer Goods companies listed on the National Stock Exchange of India, is currently at 44,456.90.

This suggests that the overall performance of these companies is stable and not showing significant growth or decline. The index is experiencing a phase of consolidation, meaning that it is not making large moves in either direction and is instead staying within a defined range.

The defined range is 44,750 to 43,750, which means that the index is fluctuating within this 1,000-point range. Traders and investors should pay close attention to these