CNXREALTY trade ideas
nifty Reality sector bullish breakoutforming triangle and broke in daily and weekly. if sector is bullish so companies of sector. so notice lodha developer already breakout ,isobha breakout but retesting,indiabullsrealstate near resistance,sunteck already breakout,godrejproperty , all these companies are showing strength
there are few more stocks which are on radar for swing and intraday trade . these r not from this sector but in my list so sharing.
glenmark
granuals
mphasis
torrentpharma
maruti
divislab
just dial
national aluminum
tata steel - (check metal sector indices also as froming flag and looks it may breakout
hindalco
srf.
CNX Realty Index - Not Yet out of WoodsThe ratio chart of Realty/NIfty, just looking to cross above 0% - Not Yet. Requires a whole BIG Push. Only reforms in Budget may do the trick. Keep an eye on this index. If it does some magic and goes past pre-covid highs, we have some mega bull run on this one.
DISC: Not a SEBI Registered. I post charts for my own study.
Nifty - Sector wise comparison | Select your trades wiselyThanks for coming to this update.
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The chart above shows Nifty's sector-wise analysis.
As we can see, the Pharma sector has performed the best in terms of returns since the crash followed by the IT sector.
Finance and Realty (Real estate) have performed the worst with almost the same level of % gain.
A few things to notice would be that the Pharma sector has been moving sideways for almost a month and the IT sector is now the sector that is going up.
Finance and Realty have gone down and may show some bounce from where they are, but may not be good enough to start going long unless you have a long term perspective in mind.
The rest of the sectors have been fairly sideways with occasional bounces and dips.
Having knowledge of the sector performance while investing, holding positions, or even Intraday is beneficial and thus plan your trades accordingly.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”