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

⦿ All indices are in a confirmed uptrend.
⦿ OilGas index was the last index to enter confirmed uptrend.
⦿ There is no index in a confirmed downtrend.

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

⦿ Both Nifty & Smallcap are in a daily confirmed upswing and a weekly upswing. Swing Confidence is 100.
⦿ Nifty again became extended this week, but Friday’s action has resolved this week’s extended state & the price 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 confirmed downswing.

⦿ Market breadth stays strong.
⦿ Short-term timeframes nowhere near 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.

⦿ CNX500 is barely outperforming the benchmark Nifty, but the gap between CNX500 & Nifty is very close now.

⦿ Media, PSUBank, Healthcare are the top indices showing absolute out-performance.

⦿ IT & NiftyJR indices are the worst-performing indices, showing relative under-performance.

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