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Caelion

Log · week of 25–29 May 2026

Risk-off holds.

Nifty 500 breadth 50%, unchanged. Nifty 50 −0.7% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−5.8%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average50%Not met
  • FearIndia VIX below its 70th percentile67th percentile▲ newMet
  • DepthNifty 50 within 10% of its record close−10.6%▽ newNot met
  • MomentumNifty 50 up over one month−2.6%Not met

Changed since last week: fear now met, depth no longer met.

The index

Nifty 50 close
23,548
−0.7% on the week
From its record
−10.6%
India VIX
16.19
67th percentile so far

Breadth

Nifty 500 above 200-day
50%
up on the week
All 2,107 stocks
39%
Large caps
47%
Small caps
50%

Crossings

Against the 50-day average: 178 crossed above, 177 below.

Rotation

Breadth rose most
  • Auto54% above▲ +7 pts
  • Telecom53% above▲ +7 pts
  • Metals62% above▲ +5 pts
Breadth fell most
  • Forest Materials21% above▽ −5 pts
  • Media17% above▽ −2 pts
  • Realty25% above▽ −2 pts
Changed quadrant on the orbit map
  • MetalsLeading → Weakening
  • DurablesLagging → Improving
  • AutoLagging → Improving
  • EnergyLagging → Improving
  • CementLagging → Improving
  • ITImproving → Leading
  • RealtyImproving → Lagging

Leaders

60 leaders · +45 joined · −45 left

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