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Caelion

Log · week of 17–21 Aug 2026

Risk-on holds.

Nifty 500 breadth 61%, down 1 point. Nifty 50 −0.5% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−1.8%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average61%Met
  • FearIndia VIX below its 70th percentile10th percentileMet
  • DepthNifty 50 within 10% of its record close−7.9%Met
  • MomentumNifty 50 up over one month+1.1%Met

No condition changed since last week.

The index

Nifty 50 close
24,252
−0.5% on the week
From its record
−7.9%
India VIX
11.20
10th percentile so far

Breadth

Nifty 500 above 200-day
61%
down 1 pts on the week
All 2,160 stocks
53%
Large caps
59%
Small caps
63%

Crossings

Against the 50-day average: 160 crossed above, 164 below.

Rotation

Breadth rose most
  • Realty50% above▲ +8 pts
  • FMCG49% above▲ +6 pts
  • Services62% above▲ +6 pts
Breadth fell most
  • Power24% above▽ −6 pts
  • Cement15% above▽ −6 pts
  • Telecom53% above▽ −3 pts
Changed quadrant on the orbit map
  • DurablesLeading → Weakening
  • FinancialsWeakening → Lagging
  • ITLeading → Lagging
  • RealtyLagging → Improving
  • UtilitiesWeakening → Lagging
  • Forest MaterialsImproving → Leading

Leaders

60 leaders · +51 joined · −51 left

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