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Caelion

Log · week of 10–14 Aug 2026

Risk-on holds.

Nifty 500 breadth 62%, unchanged. Nifty 50 −0.8% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−1.5%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average62%Met
  • FearIndia VIX below its 70th percentile12th percentileMet
  • DepthNifty 50 within 10% of its record close−7.5%Met
  • MomentumNifty 50 up over one month+1.2%Met

No condition changed since last week.

The index

Nifty 50 close
24,366
−0.8% on the week
From its record
−7.5%
India VIX
11.31
12th percentile so far

Breadth

Nifty 500 above 200-day
62%
down on the week
All 2,160 stocks
51%
Large caps
57%
Small caps
64%

Crossings

Against the 50-day average: 144 crossed above, 282 below.

Rotation

Breadth rose most
  • Media40% above▲ +4 pts
  • FMCG43% above▲ +4 pts
  • Chemicals58% above▲ +1 pts
Breadth fell most
  • Utilities60% above▽ −20 pts
  • Forest Materials26% above▽ −10 pts
  • Construction30% above▽ −6 pts
Changed quadrant on the orbit map
  • FinancialsLeading → Weakening
  • CementImproving → Lagging
  • RealtyImproving → Lagging

Leaders

60 leaders · +43 joined · −43 left

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