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Caelion

Log · week of 22–25 Jun 2026

Risk-on holds.

Nifty 500 breadth 56%, down 2 points. Nifty 50 +0.2% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−3.3%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average56%Met
  • FearIndia VIX below its 70th percentile33rd percentileMet
  • DepthNifty 50 within 10% of its record close−8.6%Met
  • MomentumNifty 50 up over one month+0.6%Met

No condition changed since last week.

The index

Nifty 50 close
24,056
+0.2% on the week
From its record
−8.6%
India VIX
13.05
33rd percentile so far

Breadth

Nifty 500 above 200-day
56%
down 2 pts on the week
All 2,123 stocks
47%
Large caps
56%
Small caps
59%

Crossings

▲ 72 crossed above the 200-day average

Against the 50-day average: 87 crossed above, 238 below.

Rotation

Breadth rose most
  • Utilities100% above▲ +20 pts
  • Construction38% above▲ +5 pts
  • Healthcare65% above▲ +5 pts
Breadth fell most
  • Telecom60% above▽ −7 pts
  • Metals57% above▽ −5 pts
  • Energy57% above▽ −5 pts
Changed quadrant on the orbit map
  • MetalsWeakening → Lagging
  • EnergyLeading → Weakening
  • ITImproving → Lagging
  • MediaImproving → Lagging
  • UtilitiesWeakening → Leading

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.