Log · week of 28 Sep – 1 Oct 2026
Conditions turn Risk-off.
Nifty 500 breadth 40%, down 10 points. Nifty 50 −3.1% on the week.
The five conditions
- TrendNifty 50 above its 200-day average−8.0%Not met
- BreadthAt least half the Nifty 500 above their 200-day average40%▽ newNot met
- FearIndia VIX below its 70th percentile55th percentileMet
- DepthNifty 50 within 10% of its record close−14.8%Not met
- MomentumNifty 50 up over one month−6.8%Not met
Changed since last week: breadth no longer met.
The index
Nifty 50 close
22,422
−3.1% on the week
From its record
−14.8%
India VIX
14.46
55th percentile so far
Breadth
Nifty 500 above 200-day
40%
down 10 pts on the week
All 2,174 stocks
43%
Large caps
29%
Small caps
48%
Fresh extremes
▲ 101 new 52-week highs
Crossings
Rotation
Breadth fell most
- Utilities60% above▽ −20 pts
- Auto52% above▽ −14 pts
- Forest Materials47% above▽ −10 pts
Changed quadrant on the orbit map
- EnergyLeading → Weakening
- Consumer svcsLagging → Improving
- FMCGImproving → Lagging
- ConstructionLagging → Improving
- ChemicalsLeading → Weakening
- TextilesImproving → Leading
Leaders
60 leaders · +42 joined · −42 left
Above both averages and within 5% of the 52-week high. A description of where prices sat, not a selection.
Joined