SENTIMENT INDICATORS

This indicator measures the percentage of Nifty 50 stocks that are trading above/below their 200-day simple moving averages.[EasyDNNnews:PaidContentStart]

200-DMA INDICATOR
The 200-day moving average (200-DMA) setup improved further between April 8 and April 15, 2026, signalling a gradual recovery in market breadth. The percentage of Nifty 50 stocks trading above their 200-DMA rose from 30 per cent to 38 per cent during the period, while the share of stocks below this long-term average declined from 70 per cent to 62 per cent. Over the same stretch, the Nifty advanced 0.97 per cent, suggesting that the move was supported by slightly broader participation rather than being led by only a few index heavyweights. At the stock level, Adani Ports, Apollo Hospitals, Nestle India, and SBI Life moved above their 200-DMA, indicating improving strength in select pockets of the market. Notably, no stock from the index is shown to have slipped below the 200-DMA during this period, which adds to the constructive undertone. That said, with 62 per cent of Nifty 50 constituents still trading below their 200-DMA, the broader setup is not yet fully strong. The recent improvement is encouraging, but a more durable bullish view would require this breadth recovery to continue over the coming sessions.

SECTORAL SENTIMENT INDICATOR
The sectoral 200-day moving average (200-DMA) breadth as of April 15, 2026, shows that the market’s internal setup has improved at the margin, but the recovery remains selective rather than broad-based. A few sectors have seen a higher share of stocks move above their 200-DMA, while many others have stayed unchanged, indicating that participation is improving only in pockets. Among the gainers, Nifty Auto recorded the strongest improvement, with the share of stocks above the 200-DMA rising 13.33 percentage points to 53.33 per cent. Nifty Pharma also saw a notable improvement, climbing 10 points to 50 per cent. Nifty Metal, already the strongest segment, strengthened further by 6.67 points to 93.33 per cent, underlining continued leadership from the sector. Nifty Financial Services also moved higher, rising 5 points to 40 per cent. Nifty FMCG improved by 6.67 points to 13.33 per cent, though its overall breadth still remains weak. At the same time, several sectors showed no change in their breadth reading. Nifty Bank remained at 33.33 per cent, Nifty IT stayed at 0 per cent, Nifty Private Bank was steady at 40 per cent, and Nifty PSU Bank held at 41.67 per cent. Nifty Realty also remained unchanged at 20 per cent, while Nifty Media stayed at 30 per cent. Overall, the latest reading suggests that market breadth is getting better in select spaces, especially Auto, Pharma, and Metal. However, the improvement is still not widespread enough to call the broader market structure fully healthy, as many sectors continue to show limited participation.

Indicator To Gauge Internal Strength
This indicator tracks the internal strength of the broader market by measuring how many Nifty 500 stocks are hitting fresh 52-week highs and how many are falling to fresh 52-week lows. When new highs begin to rise and new lows remain contained, it usually signals that market strength is spreading across a wider set of stocks. On the other hand, when new lows dominate and highs remain limited, the rally tends to look narrow and less dependable. Between April 8 and April 15, 2026, this indicator improved further, pointing to better market participation. The number of Nifty 500 stocks touching fresh 52-week highs increased from 3 to 7, while fresh 52-week lows remained at zero. During the same period, the Nifty 500 rose from 22,137.1 to 22,595.6, marking a gain of 2.07 per cent. This suggests that the upward move in the broader market continued to receive support from improving internal breadth. The absence of any fresh 52-week lows is an encouraging sign, as it shows that downside pressure has remained limited despite the recent volatility seen in previous weeks. At the same time, the rise in fresh 52-week highs from 3 to 7 indicates that leadership is gradually expanding and more stocks are participating in the recovery. While the number of new highs is still not very large in absolute terms, the direction of change remains constructive. Overall, the latest reading suggests that the broader market undertone has strengthened, with improving breadth supporting the recent advance in the Nifty 500.

[EasyDNNnews:PaidContentEnd] [EasyDNNnews:UnPaidContentStart]

[EasyDNNnews:UnPaidContentEnd]