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

⦿ Nifty & CNX500 are now in uptrend under pressure.
⦿ Many indices (including BankNifty, Midcap, Smallcap) are still in a confirmed uptrend.
⦿ Power index joins IT & Pharma in a confirmed downtrend.

⦿ All indices have worsening momentum.
⦿ All major indices (including Nifty, CNX500, Midcap & Smallcap) have positive & worsening momentum.
⦿ Auto, FMCG, Pharma & Power have negative & worsening momentum.

⦿ Nifty is now in Confirmed downswing & Smallcap is in upswing under strain. Both indices are in a weekly upswing.
⦿ Swing Confidence is 25. Long-only swing traders would be 25% invested now.
⦿ Majority of indices are in an early downswing.

⦿ Market breadth still strong overall, but weakened on lower timeframes.
⦿ Intermediate timeframes still in buy mode. 
⦿ Higher timeframes stay bullish.

⦿ On a modified Stockbee market monitor, the short-term indicator of 13% up in 34 days stays positive for 7th consecutive week.

⦿ The intermediate 25% plus in a month stays positive for 23th consecutive week.

⦿ The long-term metric of stocks 25% plus in a quarter stays positive for 22 consecutive weeks now.

Overall, the market is bullish for 22th 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 3.3, which is almost the same as last week.

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