⦿ Trend: Uptrend under pressure
⦿ Momentum: Positive but worsening
⦿ Breadth: Worsening
⦿ Bias: Bullish
⦿ Swing Confidence: 0

⦿ Most indices are now in uptrend under pressure.
⦿ IT, Pharma, Energy & PSE are in a confirmed downtrend.
⦿ While financials are still in a confirmed uptrend, they are on the verge of going into uptrend under pressure.

⦿ Most indices now have positive but worsening momentum.
⦿ Only FMCG & Pharma still have positive but improving momentum.
⦿ Long-term momentum will still take time to turn positive.
⦿ Only IT index has negative & worsening momentum.

⦿ Nifty is in a Confirmed Downswing, while Smallcap is in Early Downswing. Both indices are in a weekly upswing.
⦿ Swing Confidence is now 0. Long-only swing traders should stay on the sidelines, & wait for better conditions.
⦿ Other than FMCG & Pharma, most indices are in either Early or Confirmed Downswing.

⦿ Market breadth is now worsening on both lower & intermediate timeframes.
⦿ Higher timeframes stay bullish.

⦿ On a modified Stockbee market monitor, the short-term indicator of 13% up in 34 days stays positive for 12th consecutive week. 

⦿ The long-term metric of stocks 25% plus in a quarter stays positive for 10 consecutive weeks now. 

⦿ The intermediate 25% plus in a month stays positive for 11th consecutive week.

Overall, the market is bullish for the 10th 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 down to 13. 

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