Seriously the sector is looking promising as compared to other sectors as far as valuations are concerned. Individual stocks of Real Estates are showing signs of Accumulation and could be a fast runner whenever Nifty bounces back from 5200/5100 levels, that's for sure. Overall there's nothing wrong with sector, as per me its just a shake off and now its best time to have a re look at stocks like HDIL and DLF.
On Charts, BSE Reality is showing signs of a pullback, last two candle are quite bullish in Nature, and interesting part is that HDIL haven't moved at all and is at multi month low. HDIL has been a hot shot pick for FIIs and going by the fundamentals of real estate companies, FIIs must be giving a thought to pick and accumulate these stocks in the so called shakeups like IBRealestate.
For this morning Nifty seems to be in pressure on the backdrop of Euro zone crisis, levels of 5200 will be interesting to watch.
Hope you liked it.
On Charts, BSE Reality is showing signs of a pullback, last two candle are quite bullish in Nature, and interesting part is that HDIL haven't moved at all and is at multi month low. HDIL has been a hot shot pick for FIIs and going by the fundamentals of real estate companies, FIIs must be giving a thought to pick and accumulate these stocks in the so called shakeups like IBRealestate.
For this morning Nifty seems to be in pressure on the backdrop of Euro zone crisis, levels of 5200 will be interesting to watch.
Hope you liked it.
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