Skip to content
Caelion

Log · week of 9–13 Mar 2026

Risk-off holds.

Nifty 500 breadth 28%, down 7 points. Nifty 50 −5.3% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−8.6%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average28%Not met
  • FearIndia VIX below its 70th percentile96th percentileNot met
  • DepthNifty 50 within 10% of its record close−12.1%▽ newNot met
  • MomentumNifty 50 up over one month−10.8%Not met

Changed since last week: depth no longer met.

The index

Nifty 50 close
23,151
−5.3% on the week
From its record
−12.1%
India VIX
22.65
96th percentile so far

Breadth

Nifty 500 above 200-day
28%
down 7 pts on the week
All 2,073 stocks
14%
Large caps
38%
Small caps
22%

Crossings

Against the 50-day average: 55 crossed above, 188 below.

Rotation

Breadth rose most
  • Power24% above▲ +6 pts
Breadth fell most
  • Auto23% above▽ −13 pts
  • Services15% above▽ −8 pts
  • Energy25% above▽ −8 pts
Changed quadrant on the orbit map
  • ServicesWeakening → Lagging
  • AutoLeading → Weakening
  • TelecomImproving → Leading
  • FMCGImproving → Leading

Leaders

40 leaders · +16 joined · −36 left

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