Key Highlights
- While FMCG stocks witnessed selective pressure due to sector-specific challenges, the overall market tone remained decisively bullish.
- The week reflected a healthy rotational rally at elevated levels, laying a constructive foundation for the new calendar year.
- Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market's mood has improved after the Nifty 50 index decisively broke above the 26,200 resistance level.
- The Choice Broking expert said the key benchmark index is now heading towards 26,550-26,600.
- Therefore, when considering stocks that appear strong on the technical chart pattern, they should be preferred.
