EquityPandit’s Outlook for NIFTY REALTY for the week (March 23, 2020 – March 27, 2020):

NIFTY REALTY:

NIFTY REALTY Index closed the week on negative note losing 39.45 Points 16.73%.

Weekly High: 225

Weekly Low: 181.95

Weekly Close: 196.40

Technically on the daily charts we see minor support on the downside for NIFTY REALITY index lies at 180 levels, whereas minor resistance on the upside is capped around 210-212 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 170 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 170 on downside and 225 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 244

RESISTANCE 1: 220

SUPPORT 1: 177

SUPPORT 2: 158