Skip to main content

Bullish Indices 22-July-2022 | NIFTY FMCG | Nifty Analysis | Friday July 22, 2022

Friday trading day is the last day of 3rd week of July 2022. Our algo signals that Nifty FMCG will be very bullish today. Nifty FMCG levels for 22-July-2022 is given below. Plan your trade accordingly.

NIFTY FMCG

  • NIFTY FMCG is strongly bullish.
  • NIFTY FMCG sentiment positive and trending. Overall direction upside.
  • if NIFTY FMCG breaks above the supply zone (42004.70 - 42352.35), Rally starts. Target 42436.65 and 42573.10.
    If NIFTY FMCG crossed above 42479.46, then it may touch 42642.57.
  • Closing Price: 42283.00 (332.85).
    Resistances: 42352.35, 42436.65, 42573.10.
    Supports: 42079.45, 41995.15, 41858.70.


Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.

Topics:

Comments

Post a Comment

Popular Tutorials

How was Tata Consultancy Services (TCS) Q4 results for the Fiscal Year 2024-2025?

Tata Consultancy Services (TCS) announced its Q4 results for the fiscal year 2024-2025 today, April 10, 2025. Here are the key highlights:   Financial Performance: Revenue: ₹64,479 crore, up 5.29% year-on-year (YoY) from ₹61,237 crore in Q4 FY24. This represents a 0.79% increase compared to the previous quarter (Q3 FY25 revenue of ₹63,973 crore). Net Profit: ₹12,224 crore, a decrease of 1.69% YoY compared to ₹12,434 crore in Q4 FY24. However, this is a 1.2% increase from the net profit of ₹12,380 crore in Q3 FY25.   EBIT: ₹15,601 crore, a decrease of 0.36% YoY compared to ₹15,657 crore in Q4 FY24. Margin: 24.19%, down 27 basis points (bps) YoY from 24.47%.   Dividend: TCS declared a final dividend of ₹30 per equity share. Key Points and Context: The results are announced as the IT sector faces a trend of subdued growth. Analysts had anticipated flat revenue growth, stable deal wins, and a slight increase in net profit.   Focus will be on the manag...
Post a Comment
Read more

Reliance Q1 Result: What is Good, Bad and Ugly?

Reliance Industries' Q1 results were a mixed bag, with positive aspects in revenue growth countered by a decline in net profit. The Good  * Revenue grew 12% year-on-year, driven by higher realizations in the oil-to-chemical (O2C) business.  * Reliance Retail, the company's retail arm, saw strong growth in both revenue and profit, indicating continued momentum in the segment.  * Jio, Reliance's telecom arm, also reported a marginal increase in profit quarter-on-quarter. The Bad  * Net profit fell 5.4% year-on-year, primarily due to rising input costs. This decline disappointed some investors who had anticipated higher profits.  * Jio's profit growth fell short of some analysts' expectations. The Ugly  * EBITDA margin narrowed by 1.5 percentage points year-on-year, indicating pressure on profitability. Overall Reliance's Q1 results paint a mixed picture. While revenue growth is a positive sign, the decline in net profit and margin compression rais...
Post a Comment
Read more

Grasim Industries Q2 FY25: What is Positive and Negative?

Grasim Industries Q2 FY25: A Mixed Bag of Results Grasim Industries, the flagship company of the Aditya Birla Group, recently announced its financial results for the second quarter of the fiscal year 2024-25 (Q2 FY25). The results presented a mixed picture, with some segments performing well while others faced challenges.   Positive Highlights Revenue Growth: The company's revenue from operations increased by 11% year-on-year (YoY) to Rs 33,562.85 crore. This growth was primarily driven by the strong performance of the financial services, cellulosic staple fiber, and specialty chemicals businesses.   Diversification Benefits: Grasim's diversified business model, encompassing various sectors such as chemicals, cement, financial services, and textiles, helped mitigate the impact of headwinds in certain segments. Strategic Investments: The company's investments in renewable energy and building materials businesses are expected to yield long-term benefits. Negative A...
Post a Comment
Read more