EquityPandit’s Outlook for NIFTY REALTY for the week  (June 27, 2017 – June 30, 2017) :

NIFTY REALTY:

Nifty REALTY index closed the week on negative note losing around 2.80%.

As we have mentioned last week that resistance for the index lies in the zone of 274 to 276 where the index has formed a top in the month of May-2017. If the index manages to close above these levels then the index can move to the levels of 280 to 282. During the week the index manages to hit a high of 275 and close the week around the levels of 263.

Support for the index lies in the zone of 258 to 260 where breakout levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 250 to 252 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 266 to 268. Resistance for the index lies in the zone of 274 to 276 where the index has formed a top in the month of May-2017. If the index manages to close above these levels then the index can move to the levels of 280 to 282.

Broad range for the index is seen between 250 to 252 on downside & 270 to 272 on upside.