Look at Marico in FMCG space: Kunal Saraogi, Technical Analyst

Kunal Saraogi, Technical Analyst, equityrush.com, in a chat with ET Now talks about the FMCG stocks.

What’s your take on some of the FMCG counters?

If you look at FMCG as a sector and if you talk about Hindustan Lever in particular, the stock has not done too much of late. It has actually been consolidating and this consolidation might actually continue here. If you talk about Marico, the stock has broken out from a major resistance level close to 135 and it decisively trades above that level for now. So this is a stock that you could look at in that space.

Another stock in the FMCG space that we like is McDowell’s - that is United Spirits - and that stock too is going to perform quite well going forward. Another stock in this space is ITC which continues to be in a good uptrend. So I would rather look at ITC and McDowell’s, Marico in this space.