EquityPandit’s Outlook for NIFTY REALTY for the week (June 29, 2020 – July 03, 2020):

NIFTY REALTY:

NIFTY REALTY Index closed the week on negative note losing 1.75 points 0.82%.

Weekly High: 223.65

Weekly Low: 210.45

Weekly Close: 211.20

Technically on the daily charts we see minor support on the downside for NIFTY REALITY index lies at 206 levels, whereas minor resistance on the upside is capped around 217-219 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 193 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 230.

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 195 on downside and 227 on upside.

NIFTY REALITY WEEKLY PIVOT LEVELS:
RESISTANCE 2: 229

RESISTANCE 1: 219

SUPPORT 1: 206

SUPPORT 2: 201