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

⦿ Majority of indices are now in a confirmed uptrend. This includes all the benchmark indices (Nifty, NiftyJr, Banknifty, CNX500, Midcap, Smallcap).
⦿ FMCG & Healthcare/Pharma are the only indices in an uptrend under pressure.
⦿ There is still no index in a confirmed downtrend.

⦿ Majority of the indices have positive & improving momentum. This includes all the benchmark indices (Nifty, NiftyJr, Banknifty, CNX500, Midcap, Smallcap).
⦿ Healthcare & Pharma have positive but worsening momentum.
⦿ FMCG is the only index with negative & worsening momentum.

⦿ Both Nifty & Smallcap are in a weekly upswing, & in a confirmed upswing on daily charts. Swing Confidence is 100.
⦿ 19200-19300 zone is now a very strong support zone for Nifty. The swing ribbon is now green, with the price now approaching 20000 levels.
⦿ Majority of indices are in a confirmed upswing.

⦿ Market breadth is strong but overbought.
⦿ 🚨 % of stocks above 20-day MA is now more than 80 now. These levels were last witnessed in April 2023, when the bull swing was just starting.
⦿ Intermediate-term timeframes stay in buy mode.
⦿ Higher timeframes stay comfortably bullish.

Currently, the bias is bullish.
⦿ NIFTY is above the 50-day MA for 3-consecutive days.
⦿ Net New Highs stay positive for 3-consecutive days.

⦿ Sectoral indices are outperforming the benchmark Nifty.

⦿ Media, CPSE & Smallcap are the top indices showing absolute out-performance.

⦿ FMCG & Banknifty show under-performance.

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