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Nifty Realty Index Weekly Outlook and Analysis:

For the Week: (July 17, 2023 – July 21, 2023)

Nifty Realty Outlook for the Week (17-JUL-2023 to 21-JUL-2023)

NIFTY REALTY Index closed the week on positive note gaining 8.40 points 1.58%.

Weekly High: 541.45

Weekly Low: 522.05

Weekly Close: 539.80

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 530 levels, whereas minor resistance on the upside is capped around 546-548 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 522 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 558.

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 525 on downside and 555 on upside.