Nifty Future for June 16-20 - Rakesh Chandra

We are bottoming out so the coming days look attractive.

Upwave (4-5) WUT3: 4,667;
Upwave (2-3) WUT2: 4,620;
Upwave (0-1) WUT1: 4,544.

Price is bullish above 4,496.54), weekly pivot point.
Price is bearish above 4,467.46), weekly pivot point.

Down Wave (0-1) WLT1: 4,420;
Down Wave (2-3) WLT2: 4,344;
Down Wave (4-5) WLT3: 4,297.

Massive Crash Awaits Realty Pack - Or Is this My Imagination?

How about DLF at 190, and Unitech at 88? If the charts are right, then the day is not very far away.

Over the last few years, one story that has been shouted from across rooftops, pun unintended, has been the realty segment. Super IPOs, immense noise, and the overall hurry as if the world was running out of land. Nonetheless, despite hue and cries about land prices and apartment prices being in a bubble, nothing made a difference to the fact that Unitech rose 10 times and DLF 3 times, since their IPOs.

Unitech has been in the news for the Rs 1500 crore investment in its Santacruz SRA project. There has been several news that have been praising the real estate industry since March 2008. However, it appears that the charts are telling a different story. Specifically Unitech, which is in the Nifty 50. Here are the charts of Unitech and DLF.

However, glaring formations on the charts indicate a vicious change in scenario. Now, I have been known to cry hoarse about bubbles and nothing has come of it, with the market proving me completely wrong. Yet, this time, it is not my wish or command, but simply what is evident on the charts. This time, it looks a massive crash awaits the realty stocks, in the next few months. Here are the charts of two leaders of this pack. You be the judge. If the above becomes a reality, these charts will become milestones in history.