EquityPandit’s Outlook for NIFTY REALTY for the week (April 13, 2020 – April 17, 2020):

NIFTY REALTY:

NIFTY REALTY Index closed the week on positive note gaining 13.70 Points 7.96%.

Weekly High: 188.55

Weekly Low: 177.10

Weekly Close: 185.75

Technically on the daily charts we see minor support on the downside for NIFTY REALITY index lies at 175 levels, whereas minor resistance on the upside is capped around 195-197 levels.

If NIFTY REALITY 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 165 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 205.

Currently NIFTY REALITY index is trading above 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 165 on downside and 205 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 195

RESISTANCE 1: 190

SUPPORT 1: 179

SUPPORT 2: 172