⦿ Trend: Confirmed Uptrend
⦿ Momentum: Positive but worsening
⦿ Breadth: Strong
⦿ Bias: Bullish
⦿ Swing Confidence: 50

⦿ Majority of indices are in a confirmed uptrend.
⦿ Nifty & Banknifty, along with Auto & Realty join IT index in uptrend under pressure.
⦿ There is still no index in a confirmed downtrend.

⦿ Majority of the indices have positive but worsening momentum.
⦿ Healthcare, Media, Power, IT & PSE have positive & improving momentum.
⦿ There is still no index with negative momentum.

⦿ Both Nifty & Smallcap are in a weekly upswing. While Smallcap is still in a confirmed upswing, Nifty is now in a confirmed downswing. Swing Confidence is 50.
⦿ After the 3rd Ex (Early Downswing) candle, the 4-month swing is finally over. Nearest support is now 19300.
⦿ Midcap, Smallcap & Pharma/Healthcare indices are still in a confirmed upswing.

⦿ Market breadth stays strong.
⦿ Short-term timeframes still within neutral range.
⦿ 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.

⦿ Sectoral indices are outperforming the benchmark Nifty.

⦿ Media, Pharma/Healthcare & Smallcap are the top indices showing absolute out-performance.

⦿ FMCG & Banknifty show under-performance.

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