⦿ Trend: Rally Attempt
⦿ Momentum: Positive & improving
⦿ Breadth: Improving
⦿ Bias: Bullish
⦿ Swing Confidence: 100

⦿ Most indices (including Nifty, CNX500, Midcap, Smallcap) stay in a rally attempt.
⦿ Consumption index also enters a confirmed uptrend.
⦿ IT & Media are still in a confirmed downtrend.

⦿ Most indices (including Nifty, CNX500, Midcap, Smallcap) have positive & improving momentum.
⦿ No index with negative & worsening momentum.
⦿ IT, PSUbank & Metals are still having negative (but improving) momentum.

⦿ Both Nifty & Smallcap are in confirmed upswing. Both are in weekly downswing. Swing Confidence is 100.
⦿ Most indices stay in an early weekly upswing.
⦿ PSE & FMCG are the only indices in a confirmed weekly upswing. 
⦿ IT, Media & Metal are the only indices in a weekly downswing.

⦿ Market breadth stays strong.
⦿ Short-term timeframes went overbought during the week, but ended with a cool-off.
⦿ Intermediate-term timeframes are in buy mode.
⦿ Higher timeframes starting to get bullish.

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

⦿ Broader markets are outperforming the benchmark Nifty
⦿ Realty, PSUbanks & Energy are the top indices showing absolute out-performance
⦿ IT & Media show absolute under-performance

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