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

⦿ Majority of indices stay in a confirmed uptrend. This includes all the benchmark indices (Nifty, NiftyJr, Banknifty, CNX500, Midcap, Smallcap).

⦿ Microcap index fell more than 5% on 12-Sep to join FMCG in an uptrend under pressure. Healthcare/Pharma move up to a confirmed uptrend

⦿ There is still no index in a confirmed downtrend.

⦿ Majority of the indices have positive & improving momentum.

⦿ Banknifty, Finance & FMCG have negative but improving momentum.

⦿ There’s no index with negative & worsening momentum.

⦿ Both Nifty & Smallcap are in a weekly upswing, & in confirmed upswing on daily charts.

⦿ Nifty has crossed 20000 to enter an uncharted all-time high territory.

⦿ Majority of indices are in a confirmed upswing.

⦿ % of stocks above 20-day MA has come down from 80+ to 64 now.

⦿ As long as % of stocks above 50-day MA are >50%, we are in buy mode.

⦿ Higher timeframes stay comfortably bullish & sustainability 80+.

⦿ Net breadth, after a deep cut on 12-Sep, did not give a proportionate bounce up, & is now back in the neutral zone.

⦿ 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. PSUbank, CPSE & Media are the top indices showing absolute out-performance. FMCG shows absolute under-performance.

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