EquityPandit’s Outlook for NIFTY REALTY for the week (June 15, 2020 – June 19, 2020):

NIFTY REALTY:

NIFTY REALTY Index closed the week on positive note gaining 2.65 points 1.31%.

Weekly High: 208.80

Weekly Low: 193.05

Weekly Close: 204.65

Technically on the daily charts we see minor support on the downside for NIFTY REALITY index lies at 195 levels, whereas minor resistance on the upside is capped around 213-215 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 185 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 225.

Currently NIFTY REALITY index is trading above 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 190 on downside and 220 on upside.

WEEKLY PIVOT LEVELS:
RESISTANCE 2: 217

RESISTANCE 1: 211

SUPPORT 1: 195

SUPPORT 2: 186