Rajesh Palviya, VP-Technical and Derivative Research, axis axis, are bullish in the real estate sector, with the BSE Realty Index hit 10-year highs of 3,198.39 on July 16, up 9 percent for this week.

He said low prices and interesting interest rates have pushed registration records in Metro City. In an interview for MoneyControl’s Kshitij Anand, Palviya said this sector tended to see more traction in 2021. Edited quotes:

Even though volatility, the Bulls managed to hold on to the profit a week passed to push nifty above 15,900. What causes price action?

Dovish information from the Chairperson of the Federal Reserve Jerome Powell in his testimony, despite the surge in inflation and soft bond yields in the US in the past few days, offering convenience to global equity, including India.

Market power is well supported by it, metal, and pharmaceutical stocks. A collection of healthy income figures from the department raised sentiment.

Company income and increased Covid case will be in the near future. The index forms a small bullish candle on a daily scale and is made high and low for the fourth consecutive session, shows sustainable strength.

We are a few inches from reaching 16,000, who have acted as a rigid resistance for a good one. What should traders and investors do – Add more a long position after profit of breakout or book?

On the weekly chart, the index has formed a small bullish candle carrying the lower shadow, showing the support of purchases at a lower level. Since the last five to six weeks, the index has consolidated in an area of ​​15,900-15,500, represents a short-term sideways trend.

Nifty managed to close above 15,900 on Sunday passed. The graphics pattern shows that if Nifty holds above 15,900 levels, it will witness the purchase that will lead the index to the level of 16,100-16,300.

However, if the index is damaged below the level of 15,800, it will witness sales that will take the index to 15,700-15,600. Nifty50 trades on top of 20 and 50 days (simple moving average), which is an important short-term moving average, shows a positive bias in the short term.

Nifty50 continues to remain in the uptrend in the medium term, so buy-on-dips continue to be our choice strategy.

In line with the benchmark index, the small index and midcaps also touched a new highest record. What are the price of driving prices in a wider market?

The market continues to see strong performance from small shares and MIDCAP because this index once again conveys healthy performance for a month.

Small indices and MIDCAP each produce 6 percent and 4 percent return. The value of investment force outperforms growth and style of quality investment with a significant margin while defeating Larggap Nifty Index also with a healthy margin.

We believe these themes will continue to provide strong returns during the medium term. Volatility continues to reduce, showing the continuation of a strong bull market.

While the market looked fluctuati on several occasions during the month, the spook index (India Vix) continued the trend down. India Vix has lasted up to 14 now, which is significantly lower than the long-term average of 22.

The lower Vix is ​​a significant positive for small and medium stocks, which continue to provide a strong return for a month. We believe VIX can rise during the results of Q1FY22 but do not expect a significant increase in the index, which means that sharp market correction is not possible.