@Mudit.Kushalvardhan We are using 50EMA to 200EMA to indicate market sentiment. This is normally true and if we find 50EMA going below 200EMA, then clearly we are looking at bearish sentiment.
We have chosen stocks based on their momentum strength and it is expected that they should go up more than the others in the universe. In fact, your observation is validating this point.
Even in the recent rebalance, we had to change only one or two stocks in spite of the big downturn in market. This is showing that we are holding the strongest stocks.
We should use these indices to monitor market sentiment and continue to choose stocks based on our formulae.
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