thanks for the nice tips. Real estate are high beta stocks. With interest rate hike in the coming RBI policy meet, how do you expect the target of 340 on DLF to be achieved.
Interest rates are not the only ones that shud be kept in mind.... Everyone thought the same for banks... but what happened??? The financial sector shot up in the last few weeks.....
Real Estate stocks have been under performing for quiet a while now... i dont track all of them but a few like Unitech, DLF etc...... Unitech is having a long term support at 70 and DLF is having a support at 290-300..... I am no expert and i am not betting on how these stocks will perform over the next 6 months,....
340 is a target for the next week or two ..... Also keep an eye on the results for these stocks .. we might be in for a surprise.......
Also coming back to the interest rates; the guesss the market takes them into consideration before moving either ways..... they don not have much impact unless we have a surprise .....
Thanks And good luck