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Caelion

Log · week of 15–19 Jun 2026

Conditions turn Risk-on.

Nifty 500 breadth 58%, up 7 points. Nifty 50 +1.6% 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 average58%Met
  • FearIndia VIX below its 70th percentile32nd percentileMet
  • DepthNifty 50 within 10% of its record close−8.8%▲ newMet
  • MomentumNifty 50 up over one month+1.5%Met

Changed since last week: depth now met.

The index

Nifty 50 close
24,013
+1.6% on the week
From its record
−8.8%
India VIX
12.97
32nd percentile so far

Breadth

Nifty 500 above 200-day
58%
up 7 pts on the week
All 2,122 stocks
46%
Large caps
57%
Small caps
60%

Crossings

Against the 50-day average: 309 crossed above, 102 below.

Rotation

Breadth rose most
  • Utilities80% above▲ +20 pts
  • Services52% above▲ +12 pts
  • Financials52% above▲ +10 pts
Changed quadrant on the orbit map
  • FinancialsLagging → Improving
  • ITLeading → Improving

Leaders

60 leaders · +43 joined · −43 left

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