Nifty Realty Weekly Outlook and Analysis:

For the Week: (Jan 17,2022 – Jan 21,2022)

NIFTY REALTY Index closed the week on positive note gaining 23.95 points 4.93%.

Weekly High: 515

Weekly Low: 490.50

Weekly Close: 509.60

Weekly Support & Resistance For Nifty Realty Index:

Technically on the daily charts we see minor support on the downside for NIFTY REALTY index lies at 475 levels, whereas minor resistance on the upside is capped around 520-530 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 465 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 530.

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 480 on downside and 530 on upside.