Nifty Realty Weekly Outlook and Analysis:

For the Week: (Feb 28, 2022 – March 04, 2022)

NIFTY REALTY Index closed the week on negative note losing 15.25 points 3.40%.

Weekly High: 449.65

Weekly Low: 408.85

Weekly Close: 433.75

Weekly Support & Resistance For Nifty Index:

Technically on the daily charts we see minor support on the downside for NIFTY REALTY index lies at 420 levels, whereas minor resistance on the upside is capped around 442-445 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 405 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 457.

Currently NIFTY REALTY index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 410 on downside and 455 on upside.