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Caelion

Log · week of 6–10 Jul 2026

Risk-on holds.

Nifty 500 breadth 59%, down 2 points. Nifty 50 −0.3% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−2.6%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average59%Met
  • FearIndia VIX below its 70th percentile25th percentileMet
  • DepthNifty 50 within 10% of its record close−8.1%Met
  • MomentumNifty 50 up over one month+4.3%Met

No condition changed since last week.

The index

Nifty 50 close
24,207
−0.3% on the week
From its record
−8.1%
India VIX
12.25
25th percentile so far

Breadth

Nifty 500 above 200-day
59%
down 2 pts on the week
All 2,131 stocks
49%
Large caps
55%
Small caps
62%

Crossings

Against the 50-day average: 116 crossed above, 181 below.

Rotation

Breadth rose most
  • Durables46% above▲ +3 pts
  • Construction37% above▲ +2 pts
  • Financials56% above▲ +2 pts
Breadth fell most
  • Power36% above▽ −15 pts
  • Media26% above▽ −6 pts
  • Cement18% above▽ −6 pts
Changed quadrant on the orbit map
  • DurablesImproving → Leading
  • EnergyWeakening → Lagging
  • Consumer svcsImproving → Leading
  • RealtyLagging → Improving

Leaders

60 leaders · +41 joined · −41 left

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