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Nifty Realty Index Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – Aug 04, 2023)

Nifty Realty Outlook for the Week (July 31, 2023 – Aug 04, 2023)

NIFTY REALTY Index closed the week on positive note gaining 26.85 points 5.01%.

Weekly High: 564.25

Weekly Low: 533.55

Weekly Close: 562.95

Weekly Support & Resistance for Nifty Realty Index:

RESISTANCE 2	584
RESISTANCE 1	573
SUPPORT 1	543
SUPPORT 2	523

Technically on the daily charts we see minor support on the downside for NIFTY REALTY index lies at 550 levels, whereas mi- nor resistance on the upside is capped around 570-573 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 540 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 585.

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 543 on downside and 582 on upside.

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