Nifty Realty Weekly Outlook and Analysis:

For the Week: (Feb 07, 2022 – Feb 11, 2022)

NIFTY REALTY Index closed the week on positive note gaining 7.80 points 1.68%.

Weekly High: 499.40

Weekly Low: 470.10

Weekly Close: 473.45

Weekly Support & Resistance For Nifty Realty Index:

RESISTANCE 2	510
RESISTANCE 1	491
SUPPORT 1	462
SUPPORT 2	451

Technically on the daily charts we see minor support on the downside for NIFTY REALTY index lies at 460 levels, whereas minor resistance on the upside is capped around 487-490 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 445 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 505.

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 450 on downside and 498 on upside.

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