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Caelion

Log · week of 14–18 Sep 2026

Mixed holds.

Nifty 500 breadth 53%, unchanged. Nifty 50 −0.2% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−4.7%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average53%Met
  • FearIndia VIX below its 70th percentile14th percentileMet
  • DepthNifty 50 within 10% of its record close−11.3%Not met
  • MomentumNifty 50 up over one month−3.0%Not met

No condition changed since last week.

The index

Nifty 50 close
23,346
−0.2% on the week
From its record
−11.3%
India VIX
11.39
14th percentile so far

Breadth

Nifty 500 above 200-day
53%
up on the week
All 2,171 stocks
50%
Large caps
50%
Small caps
57%

Crossings

Against the 50-day average: 114 crossed above, 169 below.

Rotation

Breadth rose most
  • Media38% above▲ +2 pts
  • Healthcare75% above▲ +2 pts
  • Services58% above▲ +2 pts
Breadth fell most
  • Utilities80% above▽ −20 pts
  • Telecom47% above▽ −6 pts
  • Forest Materials53% above▽ −5 pts
Changed quadrant on the orbit map
  • DurablesWeakening → Lagging
  • TelecomImproving → Leading

Leaders

60 leaders · +40 joined · −40 left

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