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Caelion

Log · week of 5–9 Oct 2026

Risk-off holds.

Nifty 500 breadth 40%, down 1 point. Nifty 50 +0.4% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−7.3%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average40%Not met
  • FearIndia VIX below its 70th percentile53rd percentileMet
  • DepthNifty 50 within 10% of its record close−14.5%Not met
  • MomentumNifty 50 up over one month−3.9%Not met

No condition changed since last week.

The index

Nifty 50 close
22,520
+0.4% on the week
From its record
−14.5%
India VIX
14.38
53rd percentile so far

Breadth

Nifty 500 above 200-day
40%
down 1 pts on the week
All 2,177 stocks
42%
Large caps
30%
Small caps
47%

Crossings

Against the 50-day average: 107 crossed above, 193 below.

Rotation

Breadth rose most
  • Services52% above▲ +6 pts
  • Financials36% above▲ +3 pts
  • Consumer svcs44% above▲ +3 pts
Breadth fell most
  • Utilities40% above▽ −20 pts
  • Media26% above▽ −6 pts
  • Auto49% above▽ −4 pts
Changed quadrant on the orbit map
  • HealthcareLeading → Weakening
  • AutoWeakening → Lagging
  • ITLagging → Improving
  • FMCGLagging → Improving
  • Forest MaterialsLeading → Weakening

Leaders

60 leaders · +35 joined · −35 left

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