⦿ Trend: Rally Attempt
⦿ Momentum: Negative but improving
⦿ Breadth: Weak but strengthening
⦿ Bias: Bullish
⦿ Swing Confidence: 75

⦿ Many major indices (including Nifty, CNX500, Smallcap) are now in a rally attempt.
⦿ FMCG index in a confirmed uptrend.
⦿ Midcap, NiftyJr & Banknifty are still in a confirmed downtrend.
⦿ Auto, Infra & PSE are in an uptrend under pressure.

⦿ All indices have negative momentum, but it is improving in most of them.
⦿ IT & PSE have negative & worsening momentum.
⦿ None of the indices have momentum in positive territory.

⦿ Nifty is in confirmed upswing, while Smallcap is in early upswing. Both are in weekly downswing. Swing Confidence is 75.
⦿ PSE & FMCG are the only indices in a weekly upswing.
⦿ Rest of the indices are in a weekly downswing.

⦿ Market breadth further improves from last week.
⦿ Short-term timeframes are now bullish.
⦿ Buy signal awaited in intermediate-term timeframes.
⦿ Higher timeframes stay bearish, but the 10-week MA has crossed over the 40-week MA, as the first sign of strength.

Currently, the bias is bullish.

⦿ NIFTY is above its 50-day MA

⦿ Net New Highs are now positive for 3-consecutive days.

⦿ Pharma, Finance & FMCG showing relative outperformance

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