Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

RRG Study : Indian Stock Sectors Under Trouble?

27 sec read

Indian Sector Overview

 
This relative study is done using RRG Graph from Market Analyst 7. Here RRG Graph is used to study the movements of Sectors relative to CNX Nifty Index to identify under-performing and outperforming sectors (shorter term) relative to the index.

Bank Nifty shows a considerable strength in the current fall of CNX Nifty. Compared to other sectors the relative strength in Bank Nifty is far better. However most of the sectors shows a falling momentum and the relative strength in pharma sector , reality sector and CNX Smallcap is relatively weaker with a strong momentum which signifies highly underperforming sectors.

Overall the weaker picture in the sector strength suggests more fall to come in shorter term. Playing a mean reversion game might not be a favorable option.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

RRG Study : World Indices and Indian Sectors Aug…

It is observed that Sensex is relatively having momentum build up and likely to enter from improving quadrant to leading quadrant which indicates out...
Rajandran R
35 sec read

VIX FIX Signals a possible bottom in Nifty Futures?

Willam VIX FIX study has been applied over the daily and weekly charts of Nifty futures. And VIX FIX turning down from the peak...
Rajandran R
20 sec read

RRG Study : Indian Sectors May 2015 Outlook

Bank Nifty, CNX Finance, CNX Auto are the sectors are in underperforming mood with Bank Nifty and CNX Finance with a descent momentum. And...
Rajandran R
29 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More