EquityPandit’s Outlook for NIFTY REALTY for the week(June 17, 2019 – June 21, 2019):
NIFTY REALTY Index closed the week on negative note losing –8.65 Points –3.10%
Technically on the daily charts we see minor support on the downside for index lies at 261 levels, whereas minor resistance on the upside is capped around 278 levels.
If Nifty Realty index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 245 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 293
Currently Nifty Realty index is trading above 200 days exponential moving average suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 293 on upside and 245 on downside.