Nifty Realty Index has scaled a new historic peak in this week, prompting a fresh upside in the forthcoming weeks. The index had gained close to 10 per cent in the July month, and 31 per cent so far in the on-going year.
On Wednesday, despite domestic market trading with a cut close to 1 per cent, shares of Sobha, IB Real Estate, and Prestige Estates Projects gained over 1 per cent, respectively. Oberoi Realty clinched to a new 52-high, steering a firm positive momentum in the morning session.
Here’s the technical outlook of realty stocks amid robust trend:-