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Caelion

Log · week of 29 Jun – 3 Jul 2026

Risk-on holds.

Nifty 500 breadth 61%, up 5 points. Nifty 50 +0.9% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−2.4%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average61%Met
  • FearIndia VIX below its 70th percentile19th percentileMet
  • DepthNifty 50 within 10% of its record close−7.8%Met
  • MomentumNifty 50 up over one month+3.7%Met

No condition changed since last week.

The index

Nifty 50 close
24,271
+0.9% on the week
From its record
−7.8%
India VIX
11.80
19th percentile so far

Breadth

Nifty 500 above 200-day
61%
up 5 pts on the week
All 2,129 stocks
50%
Large caps
58%
Small caps
65%

Crossings

Against the 50-day average: 209 crossed above, 122 below.

Rotation

Breadth rose most
  • Cement24% above▲ +9 pts
  • Realty39% above▲ +9 pts
  • Auto70% above▲ +7 pts
Breadth fell most
  • Construction34% above▽ −4 pts
  • Telecom58% above▽ −2 pts
Changed quadrant on the orbit map
  • TelecomLeading → Weakening
  • CementLagging → Improving
  • TextilesImproving → 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.