⦿ Trend: Uptrend under pressure
⦿ Momentum: Positive but worsening
⦿ Breadth: Worsening
⦿ Bias: Bullish
⦿ Swing Confidence: 25

⦿ Most indices are in an uptrend under pressure. 
⦿ No index now in confirmed uptrend.
⦿ IT, Media, Energy & PSE are in a confirmed downtrend.
⦿ Pharma still in rally attempt.

⦿ Most indices have positive but worsening momentum
⦿ Only Pharma & IT indices have positive & improving momentum
⦿ Auto, Power, Realty & Energy indices have negative & worsening momentum.
⦿ Long-term momentum will still take time to turn positive.

⦿ Both Nifty & Smallcap index are in Downswing under strain. Both indices are in a weekly upswing.
⦿ Swing Confidence is now 25. Long-only swing traders can take selective fresh trades now. Total portfolio allocation should not exceed 25%.
⦿ IT is the only index in a confirmed upswing. 

⦿ Market breadth worsening on all timeframes.
⦿ Intermediate timeframes no longer in buy mode.
⦿ Higher timeframes turning just bearish.

⦿ On a modified Stockbee market monitor, after staying positive for just 1 week, the short-term indicator of 13% up in 34 days again turns negative. 

⦿ The intermediate 25% plus in a month stays positive for 14th consecutive week.

⦿ The long-term metric of stocks 25% plus in a quarter stays positive for 13 consecutive weeks now.

Overall, the market is bullish for 13th 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 5.1.

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