⦿ Trend: Rally Attempt
⦿ Momentum: Short-term positive & improving, long-term negative but improving
⦿ Breadth: Lower timeframes neutral, higher still bearish
⦿ Bias: Bullish on all timeframes
⦿ Swing Confidence: 100 (Confirmed Upswing)

⦿ Major indices (Nifty, CNX500, Midcap, Smallcap & Banknifty) are in a rally attempt.
⦿ Finance & Banking indices are very close to entering a confirmed uptrend
⦿ No index in confirmed downtrend.

⦿ After 35 consecutive weeks of negative momentum, Nifty & Smallcap indices now have positive & improving momentum.
⦿ Most other major indices (NiftyJr, BankNifty, CNX500 & Midcap) now have positive & improving momentum.
⦿ Long-term momentum will still take time to turn positive.
⦿ No index now has negative & worsening momentum.

⦿ Both Nifty & Smallcap are in a Confirmed Upswing.
⦿ Swing Confidence now is 100. Long-only swing traders can take fresh trades with a 1% CAR. 
⦿ All indices are in a Confirmed upswing.
⦿ Amongst the major indices, Smallcap index seems to be lagging behind Midcap & Nifty. 

⦿ Market breadth further improving & now neutral on lower timeframes. 
⦿ Intermediate timeframes have given a fresh buy signal & are still not overbought. This indicates more room for upside in the near-term. 
⦿ Higher timeframes also improving, but still in bearish territory.

On a modified Stockbee market monitor, the short-term indicator of 13% up in 34 days stays positive for 4th consecutive week. The long-term metric of stocks 25% plus in a quarter stays positive for 2nd concesuctive weeks now. The intermediate 25% plus in a month stays positive for 3rd consecutive week.

Overall, the market is now bullish for the second consecutive week, as the number of stocks up 25% plus in a quarterstays greater than that down 25% plus in a quarter. The ratio between the two is the primary breadth ratio, which is now 2.6.

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