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Caelion

Log · week of 8–12 Dec 2025

Risk-on holds.

Nifty 500 breadth 54%, down 2 points. Nifty 50 −0.5% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average+5.4%Met
  • BreadthAt least half the Nifty 500 above their 200-day average54%Met
  • FearIndia VIX below its 70th percentile1st percentileMet
  • DepthNifty 50 within 10% of its record close−0.7%Met
  • MomentumNifty 50 up over one month+0.7%Met

No condition changed since last week.

The index

Nifty 50 close
26,047
−0.5% on the week
From its record
−0.7%
India VIX
10.11
1st percentile so far

Breadth

Nifty 500 above 200-day
54%
down 2 pts on the week
All 2,062 stocks
34%
Large caps
69%
Small caps
48%

Crossings

Against the 50-day average: 118 crossed above, 115 below.

Rotation

Breadth rose most
  • Power33% above▲ +12 pts
  • Energy31% above▲ +3 pts
  • Metals47% above▲ +2 pts
Breadth fell most
  • Durables28% above▽ −8 pts
  • Media23% above▽ −4 pts
  • Realty25% above▽ −4 pts
Changed quadrant on the orbit map
  • AutoWeakening → Leading
  • EnergyLeading → Weakening
  • Consumer svcsLagging → Improving
  • ITWeakening → Leading
  • MediaImproving → Leading
  • Forest MaterialsLagging → Improving

Leaders

60 leaders · +25 joined · −25 left

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