GODREJPROP is reaching to its immediate resistance and likely to break it so we can expect a decent upside move . Now why I am expecting break out in upside :
1) US market is short term over sold and any short covering will turn FII mood positive in Indian real estate stocks where GODREJPROP is the market leader.
2) Monthly expiry : If stock started travelling above 1340 huge short covering will trigger in call options that will help spot price to run towards 1400 levels.
3)From last 3 years there was positive reversal has been seen in the stock at the end of august series.