EquityPandit’s Outlook for NIFTY REALTY for the week (April 22,2019 – April 26,2019):

NIFTY REALTY:

NIFTY REALTY Index closed the week on negative note losing -6.45 Points -2.33%

Weekly High: 282.9

Weekly Low: 268.45

Weekly Close: 270.40

Nifty Reality has seen huge profit booking last week and index trading near to support levels. Technically on the daily charts we see minor support on the downside for index lies at 265- 267 levels, whereas minor resistance on the upside is capped around 277-280 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 index towards major support on lower side around 260- 261 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 288-290

Currently Nifty REALTY index is trading above 200 days exponential moving average suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 288- 290 on upside and 260- 261 on downside.