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Adopt 'buy-on-dips' strategy for Nifty FMCG index, suggests Ravi Nathani

According to the technical analyst, the Nifty FMCG index presents a promising opportunity for traders to capitalise on the current bullish trend

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Ravi Nathani Mumbai
Nifty FMCG
Last close: 45,722

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 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

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