COVID Proof Investment !
NIFTY FMCG OBSERVATIONS
Here we do NIFTY_FMCG analysis it is the safest sector for investment right now . Reasons : 1. It is a defensive sector and consumer need based sector . 2. Debt is low as compare to other industries so there is no harm of fixed interest cost . 3. Last time during pandemic it was the first sector which recovered in v - shape . 4. Broadening pattern it has completed its 5 touches if it takes support near support zone highlighted in the chart . It will bounce like a It has been consolidated for long time also . Thanks
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