EquityPandit’s Outlook for NIFTY REALTY for the week (Jan 20, 2020 – Jan 24, 2020):

NIFTY REALTY:

NIFTY REALTY Index closed the week on positive note gaining 13.5 Points 4.35%.

Weekly High: 325.05

Weekly Low: 311.85

Weekly Close: 324.15

Technically on the daily charts we see minor support on the downside for NIFTY REALITY index lies at 318 levels, whereas minor resistance on the upside is capped around 328-330 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 313 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 335.

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 315 on downside and 333 on upside.

RESISTANCE 2: 333

RESISTANCE 1: 328

SUPPORT 1: 315

SUPPORT 2: 307