Nifty Realty Sector had made more than 37% gain since 1st March 2016. And now the sector is overheated and facing the resistance around the previous zone 176. Weakness is visible in majority of the Realty sector stocks. Since 1st March 2016 Nifty Realty Sector had made four gaps left unfaded and the very recent gaps are around 162.95 and 159.9.
Relative Rotational Graph suggests that Nifty realty sector is entering from the leading quadrant to weakening quadrant with a loosing momentum. which suggests that high probability of Nifty Realty underperforming Nifty 50 in the medium term as well.
In short we expect Nifty Realty sector to come down as the sector looks over heated, Sentiments turned negative and the trend looks weak in the shorter term moreover sector is likely to underperform Nifty 50 in the medium term.
Related Readings and Observations
Nifty IT Sector Outlook Mar 2017 Nifty IT sector is showing signs of short term trend exhaustion and high probabilities are there that trend reversal could be in progress. Nifty IT delivered a YTD performance of of 3.6% […]
RBI Reduced Remittance limit from USD 200,000 to USD 75,000 Today RBI had announced in its circular that forex Remittance limit for Residential individuals has been reduced from USD 200,000 to USD 75,000 per financial year with immediate effect.
Satyam Futures Sell Target
Stock : Satyam Futures CMP : Rs 302.45 Time: 10:10 Target : Rs 280 ( Spot Price ) Reason : Head and shoulder Formation in 5 day intraday - 15 min charts […]
NSE and BSE Historical EOD Database in Metastock Format Download Historical NSE and BSE EOD database in Metastock format
Aban Analysis : Reader’s Request
Stock is still in uptrend with immediate resistance near 1180-1200 zone.Immediate Breakout could target 1800 in medium term. However failure will once again could take back […]
Nifty and MYself Baltic Dry Index is Melting.....Crude is Sinking.....Commodities are dragging down.....Yen is Sinking......Dollar.... It is still a mystery
Iam really tired of Watching All […]
