Karnataka Elections results are due for this week (on 15th May 2018). Interestingly month to date performance from the major indices shows that Nifty, Bank Nifty,Nifty Financial Services, Nifty Energy are the major indices where investors piled in for the month of May. Rest of the sectors shows negative growth month to date.
Midcaps and Smallcaps too doing a terrible under-performance relative to Nifty and likely to underperform nifty in the future as the RRG momentum is largely getting negative and about to shift from weakening to lagging quadrant.
similar Underperformance also coming from sectors like Nifty Metals, Nifty Commodities, Nifty FMCG, Nifty Media, Nifty Auto, Nifty FMCG, Nifty Energy,
Nifty IT and Nifty Realty, Nifty 500 – a plethora of under-performance is expected relative to Nifty 50 as more sectors are gaining negative momentum against Nifty 50 and attempting to shift from weakening to lagging quadrant.