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Caelion

Log · week of 7–11 Sep 2026

Mixed holds.

Nifty 500 breadth 53%, down 5 points. Nifty 50 −2.1% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−4.8%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average53%Met
  • FearIndia VIX below its 70th percentile27th percentileMet
  • DepthNifty 50 within 10% of its record close−11.1%▽ newNot met
  • MomentumNifty 50 up over one month−4.3%Not met

Changed since last week: depth no longer met.

The index

Nifty 50 close
23,398
−2.1% on the week
From its record
−11.1%
India VIX
12.29
27th percentile so far

Breadth

Nifty 500 above 200-day
53%
down 5 pts on the week
All 2,170 stocks
51%
Large caps
51%
Small caps
59%

Crossings

Against the 50-day average: 112 crossed above, 247 below.

Rotation

Breadth rose most
  • Forest Materials58% above▲ +5 pts
  • Telecom53% above▲ +3 pts
  • Healthcare73% above▲ +1 pts
Breadth fell most
  • Realty45% above▽ −5 pts
  • Textiles46% above▽ −5 pts
  • Services56% above▽ −4 pts
Changed quadrant on the orbit map
  • MetalsImproving → Leading
  • ServicesWeakening → Lagging
  • PowerLagging → Improving
  • RealtyImproving → Lagging
  • MediaImproving → Lagging

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.