The Nifty Metal index saw a notable decline today. Major stocks like Hindalco (-8.62%) and Vedanta (-3.78%) led the downtrend, reflecting a bearish sentiment across the metals sector.
Upstox Pro’s ‘Futures Heatmap’ feature allows you to visualise such sectoral trends efficiently. As shown in today’s Futures Heatmap (attached below), you can monitor these real-time price movements by sectors, helping you spot emerging patterns quickly.
Here’s how you can maximise this tool:
- Navigate to Futures Heatmap: Open the Upstox Pro app, head to the ‘Discover’ section, and select ‘Explore.’ Choose ‘Futures Heatmap’ for sector-wide insights.
- Sector-specific insights: Filter by sectors like Metals, Auto, and Banks to focus on trends within specific areas. Today, metals like Hindustan Copper (-2.73%) and Coal India (-0.24%) highlight sector-wide pressure.
- Long/Short Analysis: The heatmap categorises positions, helping you identify market sentiment shifts. Today’s negative trends reflect an overarching selling sentiment in metals.
- Real-time updates: Refresh for real-time data on how sectors perform throughout the trading day.
With insights from Upstox Pro’s ‘Futures Heatmap’, you can stay updated on market shifts and make informed trading decisions.
What do you think of this feature? Have you used it for your tradings yet? Let us know in the comments below!
Have more questions regarding this feature? Check out our FAQ post on Futures Heatmap