EquityPandit’s Outlook for NIFTY REALTY for the week(Jan 06, 2020 – Jan 10, 2020):

NIFTY REALTY:

NIFTY REALTY Index closed the week on positive note gaining 3.55 Points 1.20%.

Weekly High: 302.40

Weekly Low: 293.95

Weekly Close: 299.65

Technically on the daily charts we see minor support on the downside for NIFTY REALITY index lies at 296 levels, whereas minor resistance on the upside is capped around 302-303 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 293 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 306.

Currently NIFTY REALITY 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 293 on downside and 306 on upside.

RESISTANCE 2: 307

RESISTANCE 1: 303

SUPPORT 1: 294

SUPPORT 2: 290