Nifty PSU Bank Weekly Outlook and Analysis:
For the Week: (Nov 14, 2022 – Nov 18, 2022)
NIFTY REALTY Index closed the week on positive note gaining 5.20 points 1.17%.
Weekly High: 454.70
Weekly Low: 437.45
Weekly Close: 448.25
Weekly Support & Resistance For Nifty Realty Index:
Technically on the daily charts we see minor support on the downside for NIFTY REALTY index lies at 440 levels, whereas minor resistance on the upside is capped around 455-457 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 towards major support on lower side around 430 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 465.
Currently NIFTY REALTY 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 433 on downside and 463 on upside.