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

⦿ Banknifty joins most major indices (including Nifty, CNX500, Midcap & Smallcap) in a confirmed uptrend.
⦿ NiftyJr is still in uptrend under pressure.
⦿ PSUbank & OilGas are the only indices in confirmed downtrend.

⦿ Majority of the indices now have positive & improving momentum.
⦿ NiftyJr, FMCG, Media & Realty have positive but worsening momentum.
⦿ PSUbank is the only index with negative & worsening momentum.

⦿ Both Nifty & Smallcap are in a daily confirmed upswing and a weekly upswing. Swing Confidence is back to 100.
⦿ Nifty has comfortably crossed the ATH resistance of 18887.6, which now automatically becomes the first important support.
⦿ Majority of indices are in a confirmed upswing.

⦿ Market breadth is now strong again.
⦿ Short-term timeframes are no more near 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.
⦿ Healthcare, Consumption & Realty are the top indices showing absolute out-performance.
⦿ Banknifty, PSUBank & Media are the worst-performing indices, showing relative under-performance.

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