SENTIMENT INDICATORS

200-DMA INDICATOR [EasyDNNnews:PaidContentStart]
The 200-day moving average (DMA) breadth indicator for the Nifty 50 showed a notable improvement this week, signalling a strengthening in market participation. As of November 4, 2025, 66 per cent of Nifty 50 stocks were trading above their 200-DMA. By November 12, 2025, this number had risen to 74, while those trading below the long-term average fell from 34 to 26. This improvement in breadth accompanied a 1.44 per cent gain in the Nifty, indicating that the recent up move in the index was supported by broad-based participation rather than narrow leadership. Among individual names, Cipla, HCL Tech, IndusInd Bank, and UltraTech Cement crossed above their 200-DMA, signalling renewed strength across sectors such as pharma, IT, banking, and cement. Notably, none of the major Nifty stocks slipped below the 200-DMA during this period, reinforcing a shift towards stronger market momentum. Overall, the rise in the number of stocks trading above their 200-DMA reflects improving market health, 

with more constituents reclaiming long-term trend levels. For investors, this suggests a favourable backdrop where accumulating fundamentally strong stocks—especially those crossing above their 200-DMA—may help position portfolios for potential medium-term gains. 
 

SECTORAL SENTIMENT INDICATOR
The sectoral 200-day moving average (200-DMA) indicator, which measures the percentage of stocks trading above their long-term averages within each Nifty sector, showed a mixed and largely muted market breadth for the week ended November 12, 2025. Nifty Bank, Nifty IT, and Nifty Private Bank were the only sectors showing meaningful improvement, with gains of 8.3 per cent, 10 per cent, and 10 per cent, respectively, in the proportion of stocks trading above their 200-DMA. This indicates pockets of renewed buying interest in banking and technology counters. In contrast, Nifty Financial Services slipped 5 per cent, signalling fading momentum in broader financial stocks. Nifty PSU Bank saw the sharpest drop at 8.3 per cent, highlighting pressure on government-owned lenders. Meanwhile, Nifty Auto, Nifty Metal, Nifty Realty, Nifty FMCG, Nifty Pharma, and Nifty Media showed no change compared to the previous week, reflecting a period of consolidation with neither strong buying nor selling pressure. Overall, the data suggests a sideways to mildly cautious market 

tone, with strength returning selectively to banks and IT, while most other sectors remained stagnant. The divergence in sectoral breadth aligns with the market’s attempt to stabilise after recent volatility, even as broad trends remain indecisive. 

Indicator To Gauge Internal Strength
The 52-week high–low indicator, which tracks how many Nifty 500 stocks are hitting fresh yearly highs versus those slipping to new lows, serves as a reliable gauge of the market’s internal strength. A higher proportion of new highs typically signals broad-based bullish sentiment, while an increase in new lows reflects underlying weakness. For the week ended November 12, 2025, the indicator showed a sharp cooling of momentum. The number of Nifty 500 stocks hitting new 52-week highs dropped steeply to just 1, compared to 7 in the previous week. At the same time, no stocks registered new 52-week lows, improving from 3 lows reported earlier. Despite the decline in fresh highs, the broader market managed to rebound slightly, with the Nifty 500 rising 0.68 per cent, from 23,675.45 to 23,836.90 over the same period. This suggests that the up move was broad but shallow, driven more by stabilisation across sectors rather than strong leadership from outperforming stocks. Overall, the internal tone of the 

market appears neutral to mildly positive. The disappearance of new lows is an encouraging sign, but the collapse in fresh highs indicates that breakout momentum is lacking. For a sustained and convincing recovery, the market will need to see a consistent rise in new highs accompanied by persistently low or falling new lows in the weeks ahead.

*LEGEND: ▪️ DMA - Daily Moving Average. ▪️ MACD - Moving Average Convergence Divergence ▪️ RMI - Relative Momentum Index ▪️ ROC - Rate of Change ▪️ RSI - Relative Strength Index

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