Skip to content
Caelion

Log · week of 16–20 Mar 2026

Risk-off holds.

Nifty 500 breadth 27%, down 1 point. Nifty 50 −0.2% 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 average27%Not met
  • FearIndia VIX below its 70th percentile96th percentileNot met
  • DepthNifty 50 within 10% of its record close−12.2%Not met
  • MomentumNifty 50 up over one month−10.5%Not met

No condition changed since last week.

The index

Nifty 50 close
23,115
−0.2% on the week
From its record
−12.2%
India VIX
22.81
96th percentile so far

Breadth

Nifty 500 above 200-day
27%
down 1 pts on the week
All 2,078 stocks
15%
Large caps
35%
Small caps
23%

Crossings

Against the 50-day average: 131 crossed above, 67 below.

Rotation

Breadth rose most
  • Forest Materials5% above▲ +5 pts
  • Media9% above▲ +4 pts
  • FMCG17% above▲ +4 pts
Breadth fell most
  • Energy16% above▽ −9 pts
  • Realty7% above▽ −1 pts
  • Durables10% above▽ −1 pts
Changed quadrant on the orbit map
  • DurablesLeading → Lagging
  • PowerLagging → Leading
  • TextilesLeading → Weakening

Leaders

47 leaders · +18 joined · −11 left

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