EquityPandit’s Outlook for NIFTY REALTY for the week  (Oct 22, 2018 – Oct 26, 2018) : 

NIFTY REALTY:

Nifty REALTY index closed the week on negative note losing around 2.50%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 212 to 215. Resistance for the index lies in the zone of 218 to 220 from where the index broke down from September-2018 lows. If the index manages to close above these levels then the index can move to the levels of 225 to 230. During the week the index manages to hit a high of 216 and close the week around the levels of 204.

Support for the index lies in the zone of 195 to 200. If the index manages to close below these levels then the index can witness a freefall and can drift to the levels of 175 to 180.

Minor resistance for the index lies in the zone of 212 to 215. Resistance for the index lies in the zone of 218 to 220 from where the index broke down from September-2018 lows. If the index manages to close above these levels then the index can move to the levels of 225 to 230.

Broad range for the index is seen between 188 to 192 on downside & 218 to 222 on upside.