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Caelion

Log · week of 20–24 Apr 2026

Mixed holds.

Nifty 500 breadth 45%, unchanged. Nifty 50 −1.9% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−4.9%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average45%Not met
  • FearIndia VIX below its 70th percentile87th percentileNot met
  • DepthNifty 50 within 10% of its record close−9.2%Met
  • MomentumNifty 50 up over one month+2.5%Met

No condition changed since last week.

The index

Nifty 50 close
23,898
−1.9% on the week
From its record
−9.2%
India VIX
19.71
87th percentile so far

Breadth

Nifty 500 above 200-day
45%
down on the week
All 2,093 stocks
31%
Large caps
52%
Small caps
44%

Crossings

Against the 50-day average: 91 crossed above, 262 below.

Rotation

Breadth rose most
  • Realty28% above▲ +3 pts
  • Energy41% above▲ +3 pts
  • Capital goods41% above▲ +2 pts
Breadth fell most
  • Services23% above▽ −11 pts
  • Auto39% above▽ −9 pts
  • Construction19% above▽ −5 pts
Changed quadrant on the orbit map
  • AutoWeakening → Lagging
  • FMCGLeading → Weakening
  • ConstructionImproving → Leading
  • MediaLagging → Improving

Leaders

60 leaders · +38 joined · −38 left

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