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Caelion

Log · week of 26–30 Jan 2026

Mixed holds.

Nifty 500 breadth 39%, up 5 points. Nifty 50 +1.1% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average+0.5%▲ newMet
  • BreadthAt least half the Nifty 500 above their 200-day average39%Not met
  • FearIndia VIX below its 70th percentile42nd percentileMet
  • DepthNifty 50 within 10% of its record close−3.8%Met
  • MomentumNifty 50 up over one month−3.1%Not met

Changed since last week: trend now met.

The index

Nifty 50 close
25,321
+1.1% on the week
From its record
−3.8%
India VIX
13.63
42nd percentile so far

Breadth

Nifty 500 above 200-day
39%
up 5 pts on the week
All 2,069 stocks
22%
Large caps
52%
Small caps
32%

Crossings

Against the 50-day average: 228 crossed above, 50 below.

Rotation

Breadth rose most
  • Services32% above▲ +17 pts
  • Telecom20% above▲ +10 pts
  • Cement25% above▲ +9 pts
Breadth fell most
  • Consumer svcs11% above▽ −2 pts
Changed quadrant on the orbit map
  • HealthcareWeakening → Lagging
  • AutoLeading → Weakening
  • EnergyLagging → Leading
  • PowerImproving → Lagging
  • MediaLeading → Weakening
  • UtilitiesLagging → Improving

Leaders

60 leaders · +24 joined · −24 left

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