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Caelion

Log · week of 12–16 Jan 2026

Mixed holds.

Nifty 500 breadth 44%, down 2 points. Nifty 50 0.0% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average+2.4%Met
  • BreadthAt least half the Nifty 500 above their 200-day average44%Not met
  • FearIndia VIX below its 70th percentile14th percentileMet
  • DepthNifty 50 within 10% of its record close−2.4%Met
  • MomentumNifty 50 up over one month−0.5%Not met

No condition changed since last week.

The index

Nifty 50 close
25,694
0.0% on the week
From its record
−2.4%
India VIX
11.37
14th percentile so far

Breadth

Nifty 500 above 200-day
44%
down 2 pts on the week
All 2,068 stocks
26%
Large caps
62%
Small caps
35%

Crossings

Against the 50-day average: 125 crossed above, 103 below.

Rotation

Breadth rose most
  • Energy36% above▲ +6 pts
  • Cement25% above▲ +3 pts
  • Consumer svcs18% above▲ +3 pts
Breadth fell most
  • Telecom17% above▽ −13 pts
  • Auto46% above▽ −6 pts
  • Power15% above▽ −6 pts
Changed quadrant on the orbit map
  • ServicesLeading → Weakening
  • DurablesLagging → Improving
  • TelecomImproving → Lagging
  • EnergyWeakening → Lagging
  • ConstructionImproving → Lagging

Leaders

60 leaders · +23 joined · −23 left

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