Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Sector Outlook : NIFTY Realty Sector Weak in the Short Term

28 sec read

CNX Realty

 

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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty Look Below Balance and Fail – Targets 15400…

Nifty Futures on the Daily charts trading in a 1000 points range between 14400 - 15400 approximately for more than 2 months. It is...
Rajandran R
21 sec read

Nifty Hedged Futures – Apr 2021 – Short Term…

Nifty Futures had made a sharp drop on Monday Morning (5th Apr 2021) almost touched 14500 levels however post that market had done a...
Rajandran R
1 min read

Options Strategy: Nifty Weekly Bull Put Spread

Nifty Apr Series on the hourly timeframe showed trend exhaustion and the Nifty Futures is trading with 100 pts of premium. Trading sentiment flipped...
Rajandran R
37 sec read

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