⦿ Trend: Confirmed Downtrend
⦿ Momentum: Negative but improving
⦿ Breadth: Weak
⦿ Bias: Bearish
⦿ Swing Confidence: 25

⦿ All major indices (including Nifty, CNX500, Smallcap, Midcap) stay in a confirmed downtrend.
⦿ Infra & FMCG are in a confirmed uptrend.
⦿ Auto & PSE are in an uptrend under pressure.
⦿ Pharma enters a rally attempt.

⦿ All indices have negative momentum, but it is improving in most of them.
⦿ Smallcap, Auto, IT & MNC have negative but worsening momentum.
⦿ Long-term momentum still in positive territory in Banknifty, PSUbank & FMCG.

⦿ Nifty is in Early upswing, while Smallcap is in Downswing under strain. Both are in a weekly downswing. Swing Confidence is 25.
⦿ PSE & FMCG are the only indices in a weekly upswing. 
⦿ Rest of the indices are in a weekly downswing.

⦿ Market breadth improves from last week.
⦿ All timeframes are below the 50% mark, with very short-term ones ready to cross.
⦿ Higher timeframes stay bearish. Bulls would love to see the 10-week MA crossover the 40-week MA, as a signal of strength.

Currently, the bias is bearish.

⦿ NIFTY is below its 50-day MA

⦿ Net New Highs stay negative for 3-consecutive days.

⦿ FMCG & PSE showing absolute outperformance

⦿ Banknifty & Pharma showing relative outperformance

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