Indian markets closed in the red on Wednesday ahead of the outcome of the US Federal Reserve policy meeting. The broader markets outperformed benchmark indices as the S&P BSE Mid-cap and Small-cap indices closed with gains of over 1 per cent each.  

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Sectorally, the fall was seen in banks, finance and utilities and FMCG, while the rally was visible in realty, consumer discretionary, and metal stocks.  

Stocks that were in focus include Godrej Properties which closed with gains of over 13 percent, DLF rose more than 11 percent, and G R Infraprojects closed with gains of over 10 percent.  

We have collated views from technical experts as to what should investors do with these stocks from a short to medium-term perspective:  

Expert: Santosh Meena, Head of Research, Swastika Investmart Ltd.  

Godrej Properties: Buy on dips  

The counter is in a strong bullish momentum, where it is resuming its momentum with a breakout of a bullish cup and handle formation that may take the counter towards 2100 level.  

However, most of the momentum indicators have entered overbought territory that may result in some consolidation or correction, but any dip or correction towards the 1700 level will be a good buying opportunity.  

The medium-term trend remains strong, and the target comes around 2400 level.  If we talk about the Nifty realty index, then it is coming out of 10 years of consolidation for a fresh bull run, therefore we are seeing a big rally in most of the real estate stocks.  

DLF: Stock eyes Rs 450 in medium-term  

DLF also witnessed a breakout from a 10-years consolidation and is heading northwards with a higher high and higher low formation, where 370 level is trendline resistance.  

If the stock manages to trade above this level, then we can expect further upside towards 395 level. The stock has the potential to move towards the 450 marks in the medium-term, and any dip around 330 will be a buying opportunity.  

G R Infraprojects: Immediate target placed around Rs 2300  

Recently listed counter G R infra created a strong base around the 1570 mark to take off where it may see some pause around the psychological level of 2000 but the overall trend may remain positive for the immediate target of 2300. 

On the downside, 1840-1780 will act as an immediate demand zone to buy fresh positions. Similar to the Nifty realty index, the Nifty infra index has also started a fresh bull run with a breakout of 10-year of consolidation. 

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)