EquityPandit’s Outlook for NIFTY REALTY for the week  (Jan 29, 2018 – Feb 02, 2018) : 

NIFTY REALTY:

Nifty REALTY index closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that resistance for the index lies in the zone of 355 to 360 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 375 to 380. During the week the index manages to hit a high of 360 and close the week around the levels of 350.

Minor support for the index lies in the zone of 344 to 346. Support for the index lies in the zone of 335 to 338 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 325 to 330 where break out levels are lying.

Resistance for the index lies in the zone of 355 to 360 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 375 to 380.

Broad range for the index is seen between 320 to 325 on downside & 365 to 370 on upside.