Generally, it has been very bearish on real estate and infrastructure and exactly the same has happened for most of the real estate stock. They haven’t been doing well. They have been under performing the market for the last three-four months and this space has a very limited upside so don’t go for anything positive on these counters. Definitely these counters when oversold, give a little pullback or some pullback rally but that is just a relief rally nothing more than that. More downsides are seen in these counters and it remains in a very weak pattern and that pattern will ensured that the stock is not going to give  much of the gains and its likely to fall further.

Advertisements