Blue channels & market participants are discussing about Recession and market will fall much in days ! At Niftymillionaire , We have top down approach towards looking at market! We build our thesis on basis of market internals rather then what everyone is discussing ?

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As We see lot of negative news about real estate market due to nbfc crisis (ex DHFL, Indiabulls ). Builders are in problem & there is huge liquidity crisis ! We hear from all but Does market is showing same thing right now ? Real estate sector is in trouble ? Lets have a look at it Nifty Realty Index

NIFTY Realty Index is designed to reflect the behaviour and performance of Real Estate companies. The Index comprises of 10 companies listed on National Stock Exchange of India (NSE

Lets look at how nifty realty is performing compare to nifty ? You will be strange to know that Nifty Realty is outperforming Nifty from last 6 months +. Why nifty realty is outperforming nifty despite such bad news and lot of discussion on blue channels about worst about realty?

Lets look at Nifty Realty index Price action, It is It is in uptrend from last 6 month & it is showing positive return over last 6 months +. Nifty realty once it close above 275 & follow up upside resume then it should go above 320-360 over next few months to quarter. Very few sector that has positive momentum after such fall , Nifty realty is one of them !

DLf is highest weight age stock in Nifty Realty ! Lets have a look at DLF price action. It shows positive momentum & once it close above 182 and following buying resume , it should be buy for upside 210-240 with Risk level 158 for short to medium term !

I will be looking for your view on Real estate sector ! What do you think about this opportunity ? Let me know what do you think on whatsapp

We publish  chart of the week & important Market Alerts. So you don’t have to worry about relentless updates.

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Some of the Recent Chart of the week performance shared with you:

@ Feb 21 Tataglobal from 187 to 197.85 ! Holding amazing profit of Rs 22500  on risk of  Rs 13500 Click here to Recall chart of the week given to you last week.

@ January 19 Axisbank from 655 to 710 ! Booked amazing profit of Rs 66000 on risk of 6000 Rs Click here to Recall chart of the week given to you.

 @ December 23 Rpower from 28 to 20 ! Booked amazing profit of Rs 1.28 lac  on risk of 18000 Rs Click here to Recall chart of the week given to you.

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