Momentum Scanner

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Quick Reference

Tool Type Real-Time Market Scanner
Primary Function Identify securities exhibiting strong price momentum for trading opportunities
Scan Frequency Real-time to 1-minute intervals
Output Format Ranked watchlist with momentum scores and alerts
Best Used For Day trading, swing trading entry identification, sector rotation
Data Requirements Real-time price and volume feeds across scanned universe
Typical Universe 500-2000 securities for comprehensive scanning
Integration Feeds directly into AlgoKing trading algorithms for automated execution

India-Specific Notes

Market Applicability

Nse Cash Full support for all NSE-listed stocks with real-time scanning
Nse Fo Futures and options momentum scanning for F&O universe (~200 stocks)
Bse BSE stocks scanning with focus on liquid securities
Mcx Commodity futures momentum scanning (Gold, Silver, Crude, Natural Gas)
Currency Currency futures momentum for USD/INR, EUR/INR, GBP/INR, JPY/INR

Indian Market Hours

Pre Market 9:00 AM - 9:15 AM IST (gap scanner active)
Normal Session 9:15 AM - 3:30 PM IST (full momentum scanning)
Post Market 3:30 PM - 4:00 PM IST (closing momentum analysis)
Optimal Scanning 9:15-10:30 AM and 2:00-3:30 PM for highest momentum moves

Nifty 50 Scanning

Description Dedicated momentum scanner for Nifty 50 constituents
Use Case Index contribution analysis, heavyweight momentum tracking
Typical Movers 5-10 Nifty stocks drive 60-70% of index movement daily

Fii Dii Momentum

Description Track momentum aligned with institutional flow direction
Data Source NSE daily FII/DII data, provisional data during market hours
Correlation Stocks with FII buying + strong momentum show 65% continuation rate

Sector Momentum

Nifty Bank Banking sector momentum scanner (12 stocks)
Nifty It IT sector momentum scanner (10 stocks)
Nifty Pharma Pharma sector momentum scanner (10 stocks)
Nifty Auto Auto sector momentum scanner (15 stocks)
Nifty Metal Metal sector momentum scanner (15 stocks)
Nifty Realty Realty sector momentum scanner (10 stocks)

Circuit Limits

Upper Circuit Scanner flags stocks hitting UC (potential momentum trap)
Lower Circuit Scanner flags stocks hitting LC (avoid momentum shorts)
Dynamic Circuits F&O stocks have no circuit limits - scanner accounts for this

Liquidity Filters

Minimum Volume ₹5 crore daily turnover for inclusion
Minimum Trades 1000 trades minimum for reliable momentum signals
Bid Ask Spread Maximum 0.1% spread for scanned securities

Corporate Action Handling

Ex Dividend Adjusts momentum calculation for dividend gap-downs
Bonus Split Recalculates baseline after bonus/split adjustments
Results Season Enhanced scanning during quarterly results (Jan, Apr, Jul, Oct)

Related Strategies

Momentum Breakout Strategy Mean Reversion Entry Sector Rotation Strategy Volume Analyzer Trend Strength Indicator Sector Analyzer

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