Hot stocks: Breakout buy! This FMCG stock is getting support at lower levels

Episode 2031,   Dec 18, 2019, 02:00 AM

The Nifty50 index witnessed a breakout to hit a fresh record high of 12,182 on Tuesday. The momentum could take the index towards levels of 12,300-12,400.

On the downside, bulls are protecting the cluster of recent lows placed between 11,800-11,880 levels, which is the lower end of the range. A close below 12,000 will activate the lower end of the range i.e. 11,880.