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Caelion

Log · week of 17–21 Nov 2025

Risk-on holds.

Nifty 500 breadth 59%, down 6 points. Nifty 50 +0.6% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average+6.4%Met
  • BreadthAt least half the Nifty 500 above their 200-day average59%Met
  • FearIndia VIX below its 70th percentile40th percentileMet
  • DepthNifty 50 within 10% of its record close−0.6%Met
  • MomentumNifty 50 up over one month+0.8%Met

No condition changed since last week.

The index

Nifty 50 close
26,068
+0.6% on the week
From its record
−0.6%
India VIX
13.63
40th percentile so far

Breadth

Nifty 500 above 200-day
59%
down 6 pts on the week
All 2,051 stocks
39%
Large caps
77%
Small caps
51%

Crossings

Against the 50-day average: 85 crossed above, 222 below.

Rotation

Breadth rose most
  • FMCG34% above▲ +1 pts
Breadth fell most
  • Cement19% above▽ −25 pts
  • Utilities0% above▽ −20 pts
  • Auto58% above▽ −12 pts
Changed quadrant on the orbit map
  • MetalsLeading → Weakening
  • DurablesLeading → Lagging
  • TelecomWeakening → Lagging
  • FMCGImproving → Leading
  • PowerWeakening → Lagging
  • UtilitiesImproving → Lagging

Leaders

60 leaders · +38 joined · −38 left

Above both averages and within 5% of the 52-week high. A description of where prices sat, not a selection.