EquityPandit’s Outlook for NIFTY REALTY for the week  (Nov 27, 2017 – Dec 01, 2017) :

NIFTY REALTY:

Nifty REALTY index closed the week on positive note gaining around 1.50%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 312 to 315. Resistance for the index lies in the zone of 318 to 320. If the index manages to close above these levels then the index can move to the levels of 335 to 338 where long term Fibonacci levels are lying. During the week the index manages to hit a high of 323 and close the week around the levels of 318.

Minor support for the index lies in the zone of 310 to 312. Support for the index lies in the zone of 300 to 303 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 290 to 293 where long term Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 320 to 325. If the index manages to close above these levels then the index can move to the levels of 335 to 338 where long term Fibonacci levels are lying.

Broad range for the index is seen between 300 to 305 on downside & 330 to 335 on upside.