How to trade Oberoi Realty, Godrej Properties and Brigade Enterprises

The Nifty Realty index outperformed the benchmark indices Sensex and Nifty on Thursday, surging as much as 2.30 per cent to 240.80.

Here's a look at how the index and select realty stocks look on technical charts -

Nifty Realty index: The recent formations on the daily chart shows consolidation in the range of 243 – 230 levels. The overall trend suggests positive bias as the index trades in a rising trend. The upper falling trend line indicates resistance at 241.50 levels on the closing basis. A strong close above the same, may further strengthen the upside rally equipped with follow-up buying,