MOMENTUM
We run our proprietary momentum scoring algorithm on indices just like we do on stocks. You can use the momentum scores of sub-indices to get a sense for which sectors have the wind on their backs and those that are facing headwinds.
Traders can pick their longs in sectors with high short-term momentum and their shorts in sectors with low momentum. Investors can use the longer lookback scores to position themselves using our re-factored index Themes.
You can see how the momentum algorithm has performed on individual stocks here.
Here are the best and the worst sub-indices:
Relative Strength Spread
Refactored Index Performance
50-day performance, from September 18, 2015 through December 04, 2015:
Trend Model Summary
| Index | Signal | % From Peak | Day of Peak |
|---|---|---|---|
| NIFTY AUTO | SHORT |
9.44
|
2015-Jan-27
|
| NIFTY BANK | SHORT |
17.80
|
2015-Jan-27
|
| NIFTY COMMODITIES | SHORT |
35.95
|
2008-Jan-04
|
| NIFTY CONSUMPTION | SHORT |
5.81
|
2015-Aug-05
|
| NIFTY ENERGY | SHORT |
31.97
|
2008-Jan-14
|
| NIFTY FIN SERVICE | SHORT |
16.57
|
2015-Jan-28
|
| NIFTY FMCG | SHORT |
9.90
|
2015-Feb-25
|
| NIFTY INFRA | SHORT |
56.92
|
2008-Jan-09
|
| NIFTY IT | SHORT |
88.51
|
2000-Feb-21
|
| NIFTY MEDIA | LONG |
18.62
|
2008-Jan-04
|
| NIFTY METAL | LONG |
67.66
|
2008-Jan-04
|
| NIFTY MNC | SHORT |
11.10
|
2015-Aug-10
|
| NIFTY PHARMA | SHORT |
15.81
|
2015-Apr-08
|
| NIFTY PSE | SHORT |
35.06
|
2008-Jan-04
|
| NIFTY PSU BANK | LONG |
42.61
|
2010-Nov-05
|
| NIFTY REALTY | LONG |
90.84
|
2008-Jan-14
|
| NIFTY SERV SECTOR | SHORT |
14.66
|
2015-Mar-03
|
NIFTY MNC has been trailing lately. Is the trade overdone?
