Nifty Realty forming head and shoulder on spread chart. Currently at 100 and 600 EMA, breaking which could lead to a greater fall. Keep a close watch on DLF, Godrej Properties, Prestige, Sobha and Sunteck.
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This has moved as envisaged. At critical support of 200 EMA on spread chart. If the down move continues, we can see a massive fall here.