Nifty Realty Index Is the Bull Run Losing Steam or Gearing Up for Another Rally - 28.03.2025
Nifty Realty Index Is the Bull Run Losing Steam or Gearing Up for Another Rally - 28.03.2025
Nifty Realty Index Is the Bull Run Losing Steam or Gearing Up for Another Rally - 28.03.2025
Nifty Realty Index Is the Bull Run Losing Steam or Gearing Up for Another Rally - 28.03.2025
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Key Factors Affecting & Reasons:
- The index has recently witnessed a correction after a strong uptrend.
- Trading above key moving averages (50, 150, and 200), indicating long-term bullish sentiment.
- Real estate demand, government policies, and interest rate movements are key drivers.
Key Watch:
- Support: 800 & 700 levels
- Resistance: 900 & 1000 levels
- Breakout above resistance could confirm renewed bullish momentum.
Volume Analysis:
- Volume has been moderate during the correction phase, indicating profit booking.
- A surge in volume at support levels could confirm buying interest.
Dow Theory Chart Analysis & Observations:
- The index remains in a long-term uptrend.
- A pullback to moving averages is considered healthy before another potential rally.
- Higher highs and higher lows structure intact.
Stocks to Watch:
- DLF
- Godrej Properties
- Prestige Estates
- Sobha Ltd
- Oberoi Realty
Market Insights:
- Short-Term View: Possible consolidation before a breakout attempt.
- Long-Term View: The realty sector remains fundamentally strong with rising demand and economic growth.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Please consult a professional before making investment decisions.
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