Market Movers: Sectoral Index

The indicator will show the Sectors which are leading or lagging NIFTY50 index based on Alpha & Beta values. Stock selection can be done based on the respective Sectors.

• Look for alpha & beta values.
  
• Prefer one with high beta.
  
• Greens are leaders & Blues are lagers.
  
• This don't completely indicates a trend, but it can give the overview of a major trend & market movers.
  
• Gray line is the base index NIFTY50, it is Zero.
  
• Turn on Indicator Name Label in Settings > Chart Settings.
  
• In intraday or positions, in a leading Sector there will be a leading stock, spot it out.
  
• Make a sector wise watchlist of stocks.
  
• Use higher or Daily timeframe for Swing trades.
  
• Detailed descriptions are available in my previous Alpha & Beta indicators.
  

Versionsinformation:

Update v1.1
Added table.
Changed color scheme.

Versionsinformation:

Update v1.2

Day Start Marker color choice.
Simplified menu.
Avoided Labels and Tables show/hide option as it is available in the Style tab.

Versionsinformation:

Update v1.3

• Included day % change in the table.
  

Versionsinformation:

Updated on 24 July 2022

• Bug fix
  

Versionsinformation:

Updated on 24 July 2022

• Bug fix