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Caelion

Log · week of 3–7 Aug 2026

Risk-on holds.

Nifty 500 breadth 62%, up 2 points. Nifty 50 +0.8% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−0.8%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average62%Met
  • FearIndia VIX below its 70th percentile24th percentileMet
  • DepthNifty 50 within 10% of its record close−6.7%Met
  • MomentumNifty 50 up over one month+2.9%Met

No condition changed since last week.

The index

Nifty 50 close
24,571
+0.8% on the week
From its record
−6.7%
India VIX
12.16
24th percentile so far

Breadth

Nifty 500 above 200-day
62%
up 2 pts on the week
All 2,157 stocks
53%
Large caps
59%
Small caps
63%

Crossings

Against the 50-day average: 282 crossed above, 136 below.

Rotation

Breadth rose most
  • Energy71% above▲ +11 pts
  • Consumer svcs41% above▲ +9 pts
  • Durables54% above▲ +7 pts
Breadth fell most
  • Utilities80% above▽ −20 pts
  • Forest Materials37% above▽ −5 pts
  • Power32% above▽ −3 pts
Changed quadrant on the orbit map
  • MetalsLagging → Improving
  • Consumer svcsLagging → Leading
  • FMCGLagging → Improving

Leaders

60 leaders · +46 joined · −46 left

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