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

⦿ Almost all indices are in a confirmed uptrend.
⦿ OilGas index is still under rally attempt.
⦿ There is no index in a confirmed downtrend.

⦿ Majority of the indices continue with positive & improving momentum.
⦿ NiftyJr, Banknifty, FMCG & Realty have positive but worsening momentum.
⦿ There is no index with negative & worsening momentum.

⦿ Both Nifty & Smallcap are in a daily confirmed upswing and a weekly upswing. Swing Confidence is 100.
⦿ With the Bull swing in its 4th month, Nifty has resolved last week’s extended state via a little time correction & is now not much far away from the swing ribbon.
⦿ Majority of indices are in a confirmed upswing on daily timeframes. Power index is in early downswing.

⦿ Market breadth stays strong.
⦿ Short-term timeframes are still not overbought.
⦿ 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, Media & Realty are the top indices showing absolute out-performance.
⦿ Banking & Finance indices are the worst-performing indices, showing relative under-performance.

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