10 important sectors Relative Momentum Analysis against Nifty (zeroline )
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Can u explain how to read above chart as I am also doing it for sectoral fund investment. What different values mean (against sector) how u interpret this. Details of H index
From the author of the thread
“the way this indicator works is , it measures the relative momentum (relative strength ) of all the sectors against the nifty (thats printed as zeroline line ). 10 sectors are colored in different colors for easy identification and any color(sector) above Zeroline (nifty) would be performing better than nifty. we focus on the top sectors and look for emerging leaders.”
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