⦿ Trend: Confirmed Uptrend
⦿ Momentum: Positive & improving
⦿ Breadth: Strong
⦿ Bias: Bullish
⦿ Swing Confidence: 100

⦿ Most major indices (including Nifty, NiftyJr, CNX500, Midcap & Smallcap) stay in a confirmed uptrend
⦿ Banknifty is the only major index still in rally attempt.
⦿ PSUbank, IT & OilGas are the only indices in confirmed downtrend.

⦿ Majority of the indices have positive & improving momentum.
⦿ Banknifty, FMCG & PVTBank have positive but worsening momentum.
⦿ PSUbank is the only index with negative & worsening momentum.

⦿ Both Nifty & Smallcap are in confirmed upswing, and in a weekly upswing. Swing Confidence is 100.
⦿ The bull swing continues its third month. Nifty is very close to its ATH resistance of 18887, but a close below 18622 will lead Nifty into an early downswing.
⦿ Almost all indices are in a weekly upswing (except IT, Media & Metal).

⦿ Market breadth stays strong.
⦿ Short-term timeframes are now reaching nearly overbought levels.
⦿ Intermediate-term timeframes stay in buy mode.
⦿ Higher timeframes stay comfortably 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, Consumption & Smallcap are the top indices showing absolute out-performance.

⦿ IT, PSUBank & CNX Finance are the worst-performing indices, showing relative under-performance.

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