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

⦿ Major indices (Nifty, CNX500, Midcap, NiftyJR & Banknifty) stay in a confirmed uptrend.
⦿ Smallcap index is yet to enter a confirmed uptrend.
⦿ No index in confirmed downtrend.

⦿ Almost all indices (including Nifty, Smallcap, NiftyJr, BankNifty, CNX500 & Midcap) now have positive & improving momentum.
⦿ Long-term momentum will still take time to turn positive.
⦿ Auto & FMCG indices take a breather.
⦿ No index now has negative & worsening momentum.

⦿ Both Nifty & Smallcap are in a Confirmed Upswing.
⦿ Swing Confidence stays at 100. Long-only swing traders can take fresh trades with a 1% CAR. 
⦿ Most indices are in a Confirmed upswing. MNC & Pharma are under some strain, while Realty, FMCG & Media are in an early downswing.

Market breadth stays healthy & neutral on lower timeframes. Intermediate timeframes are still not overbought. Higher timeframes are also gradually improving.

On a modified Stockbee market monitor, the short-term indicator of 13% up in 34 days stays positive for 6th consecutive week. The long-term metric of stocks 25% plus in a quarter stays positive for 4 consecutive weeks now. The intermediate 25% plus in a month stays positive for 5th consecutive week.

Overall, the market is now bullish for the 4th consecutive week, as the number of stocks up 25% plus in a quarter stays greater than that down 25% plus in a quarter. The ratio between the two is the primary breadth ratio, which is now 7.6. These levels were last seen in January 2022.

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