EquityPandit’s Outlook for NIFTY REALTY for the week  (Oct 03, 2017 – Oct 06, 2017) :

NIFTY REALTY:

Nifty REALTY index closed the week on absolutely flat note.

As we have mentioned last week, that support for the index lies in the zone of 268 to 270 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 258 to 260 from where the index broke out of channel resistance. During the week the index manages to hit a low of 261 and close the week around the levels of 273.

Support for the index lies in the zone of 268 to 270 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 258 to 260 from where the index broke out of channel resistance.

Minor resistance for the index lies in the zone of 276 to 277. Resistance for the index lies in the zone of 281 to 283 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 289 to 291 where long term Fibonacci levels are lying.

Broad range for the index is seen between 260 to 262 on downside & 283 to 285 on upside.