⦿ Trend: Rally Attempt
⦿ Momentum: Positive & improving
⦿ Breadth: Strong but weakening
⦿ Bias: Bullish
⦿ Swing Confidence: 25

⦿ Midcap index joins Smallcap index in a confirmed uptrend.
⦿ Other major indices (including Nifty, CNX500, Banknifty) stay in a rally attempt, but are on the verge of entering a confirmed uptrend.
⦿ Pharma index is now in uptrend under pressure.

⦿ Most indices (including Nifty, CNX500, Midcap, Smallcap) have positive & improving momentum.
⦿ PSUbank index has negative & worsening momentum.
⦿ IT & Metals are still having negative (but improving) momentum.

⦿ Nifty is in weekly downswing, while Smallcap is in weekly upswing. Nifty is in early downswing, while Smallcap is in upswing under strain. Swing Confidence is 25.
⦿ Nifty has already completed 2 up-legs in the rally. It has given a late pullback entry (E3) today which might materialise into a third leg-up.
⦿ Most indices are in a weekly upswing.

⦿ Market breadth is strong but weakening.
⦿ Short-term timeframes have thoroughly cooled-off.
⦿ Intermediate-term timeframes stay in buy mode.
⦿ Higher timeframes on the verge of getting bullish.

Currently, the bias is bullish.
⦿ NIFTY is above its 50-day MA
⦿ Net New Highs stay positive for 3-consecutive days.

⦿ Broader markets are outperforming the benchmark Nifty
⦿ Realty, Auto & PvtBank are the top indices showing absolute out-performance
⦿ Media, Pharma & Metals show absolute under-performance

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