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 : Relative Strength of the Sectors

38 sec read

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.

Stronger Sectors

CNX PSU Bank, CNX Metal, CNX Energy, CNX Commodities are some of the sectors which shows increased momentum and currently in the leading quadrant with respect to CNX Nifty. Currently these sectors are outperforming nifty.

Weaker Sectors
CNX Pharma shows a very strong falling momentum in the weakening quadrant and CNX auto too with falling momentum entering from weakening to lagging quandrant. CNX Infra and CNX Realty in the leading quandrant due to its falling momentum once should avoid investing in the sector in the short run as there is a possible relative underperformance with respect to Nifty.

Turnaround Sectors
CNX IT, CNX Finance and Bank Nifty are showing increased momentum and in the zone of migrating from lagging to improving quadrant which shows signs of possible outperformance relative to CNX Nifty in the shorter run.

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

One Reply to “RRG Study : Relative Strength of the Sectors”

Leave a Reply

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