“Bearish on the Nifty Realty sector, as the recent correction appears more than a routine pullback, with the near-term technical setup turning cautious. The index failed near a downward-sloping channel's upper boundary, and momentum indicators are deteriorating. Derivative positioning reinforces a bearish stance, with OTM put strikes seeing fresh long additions and OTM call strikes seeing short build-up. Any rebound towards the 870 zone is likely to attract fresh selling.”

Anand James’s track record: 14 graded calls · 95% CI 12–55%