Nifty IT, Realty indices look bullish on chart: Ravi Nathani

The technical analyst also expects a pullback in the Nifty Pharma index.

Nifty Realty Index

Bias: Bullish

Last close: 397.75

The NIFTY REALTY INDEX has shown some resilience, with a pullback after a sharp correction. However, the resistance at 403, a 20 DSMA, poses a challenge for the index. If the index manages to surpass this level, it would mark a crucial breakout on charts. The next targets for investors would be 415 and 430.

To benefit from this possible trend, traders are advised to buy stocks when the price rises above 403, or post-violation dips, for the target of 415 and 430.

Investors are also advised to be cautious and set a strict stop loss of