GODREJPROP is reaching to its immediate resistance and likely to break it so we can expect a decent upside move . Now why I am expecting break out in upside :
1) US market is short term over sold and any short covering will turn FII mood positive in Indian real estate stocks where GODREJPROP is the market leader.
2) Monthly expiry : If stock started travelling above 1340 huge short covering will trigger in call options that will help spot price to run towards 1400 levels.
3)From last 3 years there was positive reversal has been seen in the stock at the end of august series.
1) US market is short term over sold and any short covering will turn FII mood positive in Indian real estate stocks where GODREJPROP is the market leader.
2) Monthly expiry : If stock started travelling above 1340 huge short covering will trigger in call options that will help spot price to run towards 1400 levels.
3)From last 3 years there was positive reversal has been seen in the stock at the end of august series.