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Nifty Realty Index Weekly Outlook and Analysis:

For the Week: (June 19, 2023 – June 23, 2023)

Nifty Realty Outlook for the Week (June 19, 2023 – June 23, 2023)

NIFTY REALTY Index closed the week on negative note losing 10.20 points 1.97%.

Weekly High: 522

Weekly Low: 504.50

Weekly Close: 506.90

Weekly Support & Resistance For Nifty Realty:

Technically on the daily charts we see minor support on the downside for NIFTY REALTY index lies at 498 levels, whereas minor resistance on the upside is capped around 515-517 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 487 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 525.

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 489 on downside and 523 on upside.