Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Sector Outlook : NIFTY Realty Sector Weak in the Short Term

28 sec read

CNX Realty

[wp_ad_camp_5]  

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.

CNX Realty Gaps

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.

Realty RRG

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.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Understanding Option Mispricing Trading Strategies

Options mispricing is a phenomenon that occurs when the market price of an option deviates from its theoretical or fair value as calculated using...
Rajandran R
2 min read

Difference Between India VIX and Implied Volatility

India VIX (India Volatility Index) is a measure of the market’s expectation of volatility in the Indian stock market over the next 30 calendar...
Rajandran R
2 min read

Things you need to know before trading OTM Options

There is a saying that OTM options are for gamblers especially those who are blindly betting on cheaper options. And this post explores how...
Rajandran R
2 min read

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More