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Caelion

Log · week of 12–15 Oct 2026 · so far

Risk-off holds.

Nifty 500 breadth 43%, up 3 points. Nifty 50 +2.1% on the week.

The five conditions

  • TrendNifty 50 above its 200-day average−5.1%Not met
  • BreadthAt least half the Nifty 500 above their 200-day average43%Not met
  • FearIndia VIX below its 70th percentile49th percentileMet
  • DepthNifty 50 within 10% of its record close−12.7%Not met
  • MomentumNifty 50 up over one month−0.5%Not met

No condition changed since last week.

The index

Nifty 50 close
22,997
+2.1% on the week
From its record
−12.7%
India VIX
14.03
49th percentile so far

Breadth

Nifty 500 above 200-day
43%
up 3 pts on the week
All 2,182 stocks
44%
Large caps
33%
Small caps
50%

Crossings

Against the 50-day average: 160 crossed above, 123 below.

Rotation

Breadth rose most
  • Durables45% above▲ +7 pts
  • Media30% above▲ +4 pts
  • Textiles43% above▲ +4 pts
Breadth fell most
  • Utilities20% above▽ −20 pts
  • Consumer svcs43% above▽ −1 pts
  • Healthcare64% above▽ −1 pts
Changed quadrant on the orbit map
  • DurablesLagging → Improving
  • FinancialsLagging → Improving
  • Capital goodsLeading → Weakening
  • FMCGImproving → Leading
  • RealtyImproving → Leading

Leaders

128 leaders · +52 joined · −49 left

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