EquityPandit’s Outlook for NIFTY REALTY for the week(Nov 11, 2019 – Nov 15, 2019):

NIFTY REALTY Index closed the week on positive note gaining 9.90 Points 3.65%.

Weekly High: 284.95

Weekly Low: 266.60

Weekly Close: 281.05

NIFTY REALTY:

Technically on the daily charts we see minor support on the downside for NIFTY REALITY index lies at 273 levels, whereas minor resistance on the upside is capped around 287-289 levels.

If NIFTY REALITY index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 265 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 295.

Currently NIFTY REALITY index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 270 on downside and 295 on upside.

WEEKLY PIVOT LEVELS FOR NIFTY REALITY:

RESISTANCE 2: 295

RESISTANCE 1: 288

SUPPORT 1: 270

SUPPORT 2: 259