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Caelion

Log · week of 4–8 May 2026

Mixed holds.

Nifty 500 breadth 57%, up 10 points. Nifty 50 +0.7% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−3.6%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average57%▲ newMet
  • FearIndia VIX below its 70th percentile71st percentileNot met
  • DepthNifty 50 within 10% of its record close−8.2%Met
  • MomentumNifty 50 up over one month+0.8%Met

Changed since last week: breadth now met.

The index

Nifty 50 close
24,176
+0.7% on the week
From its record
−8.2%
India VIX
16.84
71st percentile so far

Breadth

Nifty 500 above 200-day
57%
up 10 pts on the week
All 2,098 stocks
45%
Large caps
59%
Small caps
58%

Crossings

Against the 50-day average: 244 crossed above, 48 below.

Rotation

Breadth rose most
  • Utilities80% above▲ +40 pts
  • Telecom60% above▲ +27 pts
  • Healthcare54% above▲ +16 pts
Changed quadrant on the orbit map
  • ServicesLagging → Improving
  • EnergyWeakening → Lagging
  • MediaImproving → Lagging

Leaders

60 leaders · +44 joined · −44 left

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