Sneak Peak to the bigger picture –

ITC had a massive consolidation breakout after years making a new 52 week high. The move trapped a lot of longs as the price corrected quite swiftly along the lines with NIfty and other FMCG stocks. Now Nifty trading around 18200 sets up the stage for a rally in this FMCG major tomorrow post announcing Q2 numbers today.

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