The RERA Effect on Indian Real Estate Sector: Review by Anuj Puri, Chairman - ANAROCK Property Consultants.

It was not the magic wand it was hoped to be. However, over the past two years, the Real Estate Regulatory Act (RERA) has brought more sanity - and the return of consumer power - than seemed possible in such a short time. The real estate sector is still struggling with it and the Act is very much work-in-progress in many states, but RERA nevertheless hangs like a sword of Damocles over a previously unregulated industry. Eventual compliance across the board seems inevitable.

According to the latest readings on the Ministry of Housing and Urban Affairs (MoUHA) website:

In previous years, strong political will was often highlighted as the most necessary catalyst for change in a country like India. It has arrived - Modi 2.0 has displayed a single-minded focus on many fronts, and not least of all in its promotion of affordable housing. There is little reason to second-guess this government's will to see its goals to fruition.

Nevertheless, developers face several roadblocks to adopting the affordable housing mantra wholeheartedly. Where will the necessary land in central urban areas come from? When will the basic infrastructure necessary to make the cheaper peripheral areas viable for affordable housing be built?

Nifty slips and shaved most of the previous week's gain on the first trading day of the week. The negative global cues and selling pressure at higher levels marked the previous upswing as a probable retest of resistance post breakdown and hence the downward momentum continued.

Stock Markets have recovered this week after facing declines for five weeks, following Union Budget. The results season has offered surprises for investors in many counters. As the stock markets were declining, many stocks are available at good valuations. Investors can consider some stocks suggested by Epic Research.

UJJIVAN - Stock formed an inverted head & shoulder on the daily chart and closed near to days high with good volumes. We recommend buying above 295 for the target of 300 with the stop loss of 290.

BALKRISIND - Stock has given the breakout of the trendline on the weekly chart on a closing basis with good volumes. The RSI is also showing reversal on the weekly chart. We recommend buying above 785 for the target of 795 with the stop loss of 775.

After five weeks of consecutive decline markets post a rebound from technically oversold levels and cooling off in global markets selling pressure. Nifty started the week on a reversal mode making a hammer pattern on the daily scale. We did see the market recovering from those levels. As the markets became much less volatile after a sharp sell-off buying was seen with long addition in 11100 - 11200 CE front along with liquidation in 10700 - 10800 strikes.

This was further stabilized as global markets rejoiced rebounded on the back of stronger Chinese exports data which was up 3.3%. This was soothing amid concerns over a global economic slowdown.

Indian markets have declined after Union Budget. Many stocks have declined and are available at good valuations for medium to long term investors. Investors can check some stocks recommendations, mainly based on technical analysis by CapitalAim.

Stock Recommendations By CapitalAim....

DABUR : BUY| Above : Rs 441| Target: Rs 459| Stop loss: Rs 423|

DABUR is sustaining above the 20-day moving average on the daily chart and consolidating upward. MACD has shown upward crossover on the daily chart and RSI on the same chart is looking strong, which is now placed at 68.59 levels. The 50-day moving average has crossed over upward the 120-day moving average on the daily chart.

BERGER PAINTS : BUY| Above : Rs 361| Target: Rs 375| Stop loss: Rs 345|

Indian markets have received support from lower levels and investors have gained confidence. Many stocks are available at good valuations but analysts are still suggesting wait and watch policy for long term investors.

Comments on Indian stock market action by Romesh Tiwari, CapitalAim....

Benchmark Nifty50 opened on a positive note above 11000 levels, but traded sideways for the entire day and closed almost flat on a daily basis above 11000 levels with 78.60 points or 0.71% at 11111.05 levels.

Indian Stocks remained positive after RBI monetary policy was announced. The markets have been declining after the Union Budget. Market participants were expecting good policy decisions from RBI. Comment on RBI policy by Mr. Mustafa Nadeem, CEO, Epic Research....

Nifty rebounds to close above 10900 on the back of global market cues and Technical patterns. A reversal pattern was seen in yesterday's chart and a reversal was further strengthened as Global markets recovered in early trading hours in Asia.

Technically this is a short term bounce, for now, we have seen which is seen on the back of some minor short-covering and technical patterns. We may not consider this to evident for a medium-term rebound but this is a kind of relief. The market is still below its short term moving averages and it is important to see how we react to those levels.

Indian market have been declining for the past few weeks. Many stocks have reached attractive valuations but strong buying hasn't been seen in majority of counters in affordable price range. Stock Market views by Mr. Rajiv Singh from Karvy Stock Broking.

Indian Markets are looking for support as stocks have declined massively from higher levels. While many stocks are available at tempting valuations, experts suggest wait and watch policy for the moment.

Comments from Mr Amit Gupta Co-Founder and CEO TradingBells....

The poor show on the first day of August followed the worst July for the domestic market since 2002. India was among the worst-hit major markets globally. Surely, domestic factors too played a role in the selloff. BSE Sensex tumbled 462.80 points or 1.23 per cent to 37,018.32 while NSE Nifty ended at 10,980, down 105.40 points or 1.24 per cent.

Indian Markets have been facing sell-off and investors are getting in panic mode as the markets have corrected from higher levels. While long term investors need not worry about prospects of Indian market, short term investors might want to exit stocks to minimize their losses.

Comments on Indian Stocks medium term by Mr. Mustafa Nadeem, CEO, Epic Research.....

The selloff continued in markets but key indices ended off day's lows amid some recovery some stocks. The Sensex fell over 700 points to 36,694 at day's lows, tracking losses in other global markets, but ended 462 points lower, barely managing to hold on to the 37,000 levels. The broader Nifty however gave up the important support level of 11,000, ending 1.25% lower at 10,980.

Indian markets have faced selling pressure since the Union Budget was announced. As markets are in oversold zone, some market experts feel that we can see recovery in Indian stocks.

Indian Stock Market wiews by Mr. Mustafa Nadeem, CEO, Epic Research .....

Nifty rebounded from oversold levels on the last trading day of the week but still witnessed the worst decline in the last two months. This is the fifth consecutive week for Nifty to post a decline and closing below 50 days SMA.

We have seen a massive outflow from FII in the July month with money exiting the market at the tune of almost 17K Crore. This is the largest outflow we have seen since October 2018. This is also the third straight month we have witnessed FII's been taking the money out from the market.

Indian markets have been declining after the Union Budget. Many stocks have witnessed sharp correction but majority of blue-chip stocks are still trading at good valuations. The decline has been steep in mid-cap and small-cap stocks.

Comments on Indian Stock Market by Epic Research CEO Mustafa Nadeem.....

Indian markets have been facing steep correction over the last few trading sessions. While the market participants are confident about long term view on Indian companies, the short term mood is negative. The quick selling in broader market has led to steep decline in mid-cap and small-cap stocks.

Market viewpoint by Mr. Rajiv Singh, CEO, Karvy Stock Broking Ltd.....

Indian markets ended the week with major losses and investors have witnessed decline in valuations across the board. Many analysts are suggesting further downtrend in the Indian markets. Comments from Mr. Mustafa Nadeem, CEO, Epic Research on market outlook.

Nifty ends below its 20 Day SMA for the second consecutive week indicating persistence in the bearish momentum in short term. Many factors led to this fall despite global cues been positive in the second half of the week.

Indian market has been looking for direction due to lack of any triggers. Stock specific action would be seen in the companies that declare quarterly numbers. Three stock recommendations by Mustafa Nadeem CEO Epic Research.

SUNPHARMA - Stock formed a flag pattern on the hourly chart and closed above 200 EMA on the hourly chart with the good volumes. We recommend buying above 412 for the target of 420 with the stop loss of 408.

DBL - Stock performed well with good volumes and closed in green. It formed a flag on the hourly chart. The RSI is showing reversal on the daily chart. We recommend buying above 421 for the target of 428 with the stop loss of 415.

Indian markets have been facing selling pressure at higher levels. The first quarter results will be deciding factor for many stocks in the coming weeks. Mr. Mustafa Nadeem CEO Epic Research has cautioned traders as markets could turn negative.

Nifty closes below its 20 Days SMA after almost 5 months as negative global cues, scaling Global trade war tensions with India- the US Standoff and post-budget profit booking den the Indian equity market for a second consecutive week. This is first close below 20 Day SMA which was being held for almost more than the last 5 months. Nifty was consolidating around 20 days SMA from Q3 to Q4 of FY18.

Indian markets have been under pressure after the Union Budget was presented. The markets are lacking direction as there aren't any major events but first quarter results will offer direction to the markets, or at least stock-specific action will be seen.

Market Overview from Mr. Romesh Tiwari, Head of Research, CapitalAim follows...

A negative trend for the Nifty continued from last Friday and Nifty slides to make a low of 11,461 on Tuesday and still trading not faraway from it. A feeble attempt to cross 11,600 saw supply coming in.

It is a forward-looking budget focusing mainly on Infrastructure development and Rural Development. The government is very positive in reaching a target of Rs. 3 trillion GDP in the coming fiscal year, and has mentioned that India is capable of reaching the 5 trillion mark in the near future. “It took us 55 years to reach our 1st trillion, and another 5 years to reach the next 1 trillion,” said the Finance Minister Nirmala Sitharaman.

Every rural household to be electrified by 2022 end – this is good news for consumer appliances. Also, there is a focus on Aadhar as it has been made interchangeable with the PAN card. Also, NRIs application to Aadhar has been simplified – a step towards promoting the application and use of Aadhar as a single and unique ID.