EquityPandit’s Outlook for NIFTY REALTY for the week  (July 16, 2018 – July 20, 2018) : 

NIFTY REALTY:

Nifty REALTY index closed the week on negative note losing around 0.20%.

As we have mentioned last week, that resistance for the index lies in the zone of 275 to 280 where trend-line resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 290 to 292 where Fibonacci levels are lying. During the week the index manages to hit a high of 277 and close the week around the levels of 267.

Support for the index lies in the zone of 260 to 265 from where the index has broken out in the month of April-2017. If the index manages to close below these levels then the index can drift to the levels of 250 to 255.

Resistance for the index lies in the zone of 275 to 280 where trend-line resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 290 to 292 where Fibonacci levels are lying.

Broad range for the index is seen between 250 to 255 on downside & 280 to 285 on upside.