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Caelion

Log · week of 15–19 Dec 2025

Risk-on holds.

Nifty 500 breadth 53%, down 1 point. Nifty 50 −0.3% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average+4.8%Met
  • BreadthAt least half the Nifty 500 above their 200-day average53%Met
  • FearIndia VIX below its 70th percentile0th percentileMet
  • DepthNifty 50 within 10% of its record close−0.9%Met
  • MomentumNifty 50 up over one month−0.3%▽ newNot met

Changed since last week: momentum no longer met.

The index

Nifty 50 close
25,966
−0.3% on the week
From its record
−0.9%
India VIX
9.52
0th percentile so far

Breadth

Nifty 500 above 200-day
53%
down 1 pts on the week
All 2,065 stocks
33%
Large caps
69%
Small caps
46%

Crossings

Against the 50-day average: 89 crossed above, 105 below.

Rotation

Breadth rose most
  • Realty29% above▲ +4 pts
  • Construction31% above▲ +2 pts
  • Media26% above▲ +2 pts
Breadth fell most
  • Power24% above▽ −9 pts
  • Energy26% above▽ −6 pts
  • Consumer svcs20% above▽ −3 pts
Changed quadrant on the orbit map
  • FinancialsLeading → Weakening
  • ITLeading → Weakening
  • RealtyWeakening → Lagging
  • TextilesLeading → Weakening

Leaders

60 leaders · +27 joined · −27 left

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