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Caelion

Log · week of 20–24 Jul 2026

Conditions turn Mixed.

Nifty 500 breadth 55%, down 4 points. Nifty 50 −2.3% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−4.2%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average55%Met
  • FearIndia VIX below its 70th percentile47th percentileMet
  • DepthNifty 50 within 10% of its record close−9.7%Met
  • MomentumNifty 50 up over one month−1.1%▽ newNot met

Changed since last week: momentum no longer met.

The index

Nifty 50 close
23,767
−2.3% on the week
From its record
−9.7%
India VIX
14.03
47th percentile so far

Breadth

Nifty 500 above 200-day
55%
down 4 pts on the week
All 2,145 stocks
46%
Large caps
51%
Small caps
56%

Crossings

Against the 50-day average: 134 crossed above, 236 below.

Rotation

Breadth rose most
  • Forest Materials37% above▲ +16 pts
  • Energy62% above▲ +5 pts
  • Power32% above▲ +5 pts
Breadth fell most
  • Auto63% above▽ −8 pts
  • Financials46% above▽ −6 pts
  • Durables43% above▽ −6 pts
Changed quadrant on the orbit map
  • HealthcareLeading → Weakening
  • EnergyLagging → Improving
  • ChemicalsLagging → Leading
  • TextilesLagging → Improving
  • MediaLagging → 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.