EquityPandit’s Outlook for NIFTY REALTY for the week  (Oct 30, 2017 – Nov 03, 2017) :

NIFTY REALTY:

Nifty REALTY index closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 289 to 291 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 300 to 302. During the week the index manages to hit a high of 297 and close the week around the levels of 290.

Minor support for the index lies in the zone of 285 to 287. Support for the index lies in the zone of 280 to 282 where short term moving averages. If the index manages to close below these levels then the index can drift to the levels of 274 to 276 where medium term moving averages are lying.

Resistance for the index lies in the zone of 289 to 291 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 300 to 302.

Broad range for the index is seen between 274 to 276 on downside & 300 to 302 on upside.