Nifty Realty Weekly Outlook and Analysis:

For the Week: (Jan 31, 2022 – Feb 04, 2022)

NIFTY REALTY Index closed the week on negative note losing 25.55 points 5.20%.

Weekly High: 491.40

Weekly Low: 446.95

Weekly Close: 465.65

Weekly Support & Resistance For Nifty Realty Index:

Technically on the daily charts we see minor support on the downside for NIFTY REALTY index lies at 450 levels, whereas minor resistance on the upside is capped around 477-480 levels.

If NIFTY REALTY index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 435 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 495.

Currently NIFTY REALTY index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 440 on downside and 490 on upside.