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The brokerage also pointed out that in the market dynamics of the period, notable category shifts occurred, with 8 Midcaps transitioning to Largecaps and 12 Smallcaps advancing to the Midcap category.
A shift below the VWAP suggests a potential bearish trend, according to stockedge.com's technical scan data.
Fundamental data and tools for long term investing, research and analysis for U.S. stocks, economy and indexes.
“There was a strong run up in the Nifty Realty Index. We have seen that it gained around 8% kind of momentum in this current week and looking at the overall structure for Nifty Realty Index, we believe that this momentum can extend further.”
The Indian residential estate market recovered sharply in 2023 due to various factors, such as a pause in rate hikes, a drop in key building material prices, increased buyer interest, and rising rental costs.