EquityPandit’s Outlook for NIFTY REALTY for the week (Feb 17, 2020 – Feb 21, 2020):

NIFTY REALTY:

NIFTY REALTY Index closed the week on negative note losing 10 Points 3.12%.

Weekly High: 321

Weekly Low: 309.05

Weekly Close: 310.30

Technically on the daily charts we see minor support on the downside for NIFTY REALITY index lies at 305 levels, whereas minor resistance on the upside is capped around 315-317 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 298 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 325.

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 300 on downside and 323 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 325

RESISTANCE 1: 317

SUPPORT 1: 305

SUPPORT 2: 301