Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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 Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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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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