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Caelion

Log · week of 2–6 Feb 2026

Mixed holds.

Nifty 500 breadth 44%, up 5 points. Nifty 50 +1.5% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average+1.8%Met
  • BreadthAt least half the Nifty 500 above their 200-day average44%Not met
  • FearIndia VIX below its 70th percentile22nd percentileMet
  • DepthNifty 50 within 10% of its record close−2.4%Met
  • MomentumNifty 50 up over one month−1.7%Not met

No condition changed since last week.

The index

Nifty 50 close
25,694
+1.5% on the week
From its record
−2.4%
India VIX
11.94
22nd percentile so far

Breadth

Nifty 500 above 200-day
44%
up 5 pts on the week
All 2,071 stocks
25%
Large caps
64%
Small caps
36%

Crossings

Against the 50-day average: 342 crossed above, 101 below.

Rotation

Breadth rose most
  • Durables20% above▲ +9 pts
  • Capital goods26% above▲ +7 pts
  • Textiles21% above▲ +7 pts
Breadth fell most
  • Metals39% above▽ −4 pts
  • Services30% above▽ −2 pts
  • Media9% above▽ −2 pts
Changed quadrant on the orbit map
  • ServicesWeakening → Leading
  • FinancialsLeading → Weakening
  • AutoWeakening → Leading
  • TelecomLagging → Improving
  • Consumer svcsImproving → Lagging
  • TextilesLagging → Improving

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.