Skip to content
Caelion

Log · week of 19–23 Jan 2026

Mixed holds.

Nifty 500 breadth 34%, down 10 points. Nifty 50 −2.5% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−0.3%▽ newNot met
  • BreadthAt least half the Nifty 500 above their 200-day average34%Not met
  • FearIndia VIX below its 70th percentile50th percentileMet
  • DepthNifty 50 within 10% of its record close−4.9%Met
  • MomentumNifty 50 up over one month−4.2%Not met

Changed since last week: trend no longer met.

The index

Nifty 50 close
25,049
−2.5% on the week
From its record
−4.9%
India VIX
14.19
50th percentile so far

Breadth

Nifty 500 above 200-day
34%
down 10 pts on the week
All 2,068 stocks
19%
Large caps
51%
Small caps
26%

Crossings

Against the 50-day average: 40 crossed above, 267 below.

Rotation

Breadth fell most
  • Metals35% above▽ −13 pts
  • Energy25% above▽ −11 pts
  • Services15% above▽ −11 pts
Changed quadrant on the orbit map
  • FinancialsWeakening → Leading
  • FMCGWeakening → Lagging

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.