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Here's why Ravi Nathani is bullish on realty, pharma shares over near-term

According to the technical analyst, charts suggest bullish trend for Nifty Pharma, Nifty Realty, and Nifty Media indices

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Ravi Nathani Mumbai
Nifty Realty
Last close: 405.55

The index is currently trading at 405.55 after a sharp sell-off in the short term. However, the index is expected to experience a technical bounce back, with resistance likely to be encountered around the 425 mark.

Additionally, the technical indicator MACD histogram has turned positive, indicating a bullish trend in the near future.

As such, the best trading strategy for short-term and swing traders would be to buy the index and its constituents on dips. This is due to the anticipated outperformance of the index in the near term, as indicated by the

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First Published: Feb 16 2023 | 7:55 AM IST

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