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Caelion

Log · week of 1–5 Jun 2026

Risk-off holds.

Nifty 500 breadth 49%, unchanged. Nifty 50 −0.8% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−6.4%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average49%Not met
  • FearIndia VIX below its 70th percentile63rd percentileMet
  • DepthNifty 50 within 10% of its record close−11.3%Not met
  • MomentumNifty 50 up over one month−4.0%Not met

No condition changed since last week.

The index

Nifty 50 close
23,367
−0.8% on the week
From its record
−11.3%
India VIX
15.79
63rd percentile so far

Breadth

Nifty 500 above 200-day
49%
down on the week
All 2,112 stocks
40%
Large caps
50%
Small caps
52%

Crossings

Against the 50-day average: 94 crossed above, 289 below.

Rotation

Breadth rose most
  • Energy60% above▲ +11 pts
  • Telecom63% above▲ +10 pts
  • Media26% above▲ +9 pts
Breadth fell most
  • Forest Materials11% above▽ −10 pts
  • Healthcare56% above▽ −3 pts
  • Durables27% above▽ −2 pts
Changed quadrant on the orbit map
  • EnergyImproving → Leading
  • ChemicalsLeading → Weakening
  • UtilitiesLeading → Weakening

Leaders

60 leaders · +42 joined · −42 left

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