Tuesday, June 24, 2008

>Realestate blues

Big daddies of Indian real estate story are trading below there yearly lows and shows no signs of recovery.

DLF

Made a new low and is drifting down every day falling in a slanting down channel
broke its low made during IPO so its a total new territory for the stock .


UNITECH

Falling continuously in a sharp down channel made its new yearly low 160 looks a support hope
for bulls .


Dont jump into realestate scripts watch these two heavyweights before buying into real estate stocks .

Regards
Rish

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