Nifty Realty Weekly Outlook and Analysis:
For the Week: (Jan 10,2022 – Jan 14,2022)
NIFTY REALTY Index closed the week on positive note gaining 1.50 points 0.31%.
Weekly High: 495.25
Weekly Low: 480.95
Weekly Close: 485.65
Weekly Support & Resistance For Nifty Index:‘
Technically on the daily charts we see minor support on the downside for NIFTY REALTY index lies at 475 levels, whereas minor resistance on the upside is capped around 493-495 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 465 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 507.
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 470 on downside and 505 on upside.