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.

Mass Sentimental Change in Sectoral Indices

27 sec read

Mass sectoral positive change is witnessed on Monday’s trading session across daily and weekly timeframe. The positive sentimental change reflected in most of the sectoral indices on daily and weekly timeframe except FMCG sector on daily timeframe and Nifty IT, Nifty MNC, Nifty Metal on the weekly timeframe.

Sectoral Indices – Daily

Interesting facts are only 2 indices (Nifty Pharma , Nifty IT index) holds above 200 MA on daily timeframe. Rest other indices still trading below 200MA. Farthest sector away from 200MA being Nifty Realty – away 26.54% from 200MA. Next to that Nifty Smallcap (-23.64%), Nifty Media(-21.35%) and Nifty Auto (-19.8%) are the deep underperformers.

Sectoral Indices – Weekly

What do you think? Is this a real sentimental shift in the market or just a investor trap?

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.

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2 Replies to “Mass Sentimental Change in Sectoral Indices”

  1. Another remarkable finding of the current sentiment of the market… Kudos Rajendran !
    Want to know if this afl (scan) is already available in your website or if it is proprietary I understand.

    Cheers
    KK

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