EquityPandit’s Outlook for NIFTY REALTY for the week (Jan 27, 2020 – Jan 31, 2020):

NIFTY REALTY:

NIFTY REALTY Index closed the week on positive note gaining 4.5 Points 1.39%.

Weekly High: 330.25

Weekly Low: 318.85

Weekly Close: 328.65

Technically on the daily charts we see minor support on the downside for NIFTY REALITY index lies at 321 levels, whereas minor resistance on the upside is capped around 333-335 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 315 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 339.

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 318 on downside and 337 on upside.

Weekly Pivot Level For Nifty REALTY Index:

RESISTANCE 2: 337

RESISTANCE 1: 332

SUPPORT 1: 321

SUPPORT 2: 314