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
This indicator helps assess the broader market’s long-term health by tracking how many stocks are trading above their 200-day moving average versus how many remain below it. When a rising share of constituents moves above the 200- DMA, it usually signals that strength is spreading across the market and that the up move is gaining broader support. In contrast, when a large number of stocks remain below this level, it suggests that the underlying structure is still weak despite any short-term bounce in the index. Between April 15 and April 22, 2026, the 200-DMA setup improved meaningfully, pointing to a healthier breadth profile. The percentage of stocks trading above their 200-DMA rose from 38 per cent to 54 per cent, while those below the 200-DMA declined from 62 per cent to 46 per cent. Over the same period, the Nifty advanced 0.60 per cent. This shows that the market’s move higher was accompanied by better internal participation rather than being driven only by a few heavyweight names. The stock-level shifts also support this improvement. Adani Enterprises, Asian Paints, Eicher Motors, Hindustan Unilever, ICICI Bank, Tata Consumer, TVS Motor, Trent, and UltraTech Cement moved above their 200-DMA during this period, while SBI Life Insurance slipped below it. The net shift remains constructive and suggests that selling pressure has eased, while leadership is beginning to broaden. With a majority of stocks now back above their 200- DMA, the market structure looks stronger than it did a week earlier.

SECTORAL SENTIMENT INDICATOR
This indicator helps assess how broad-based market strength is across sectors by tracking the percentage of stocks within each sector that are trading above their 200-day moving average. When more stocks in a sector move above the 200- DMA, it suggests that buying strength is widening within that pocket. When a majority remains below it, the sector’s internal structure is still weak. Between April 15 and April 22, 2026, the sectoral 200-DMA setup improved, though the recovery remained uneven. Nifty Bank rose 25 per centage points to 58.33 per cent of stocks above the 200-DMA, while Nifty Private Bank gained 20 points to 60 per cent and Nifty PSU Bank advanced 8.33 points to 50 per cent. Nifty Financial Services also improved by 10 points to 50 per cent. Among cyclical sectors, Nifty Auto climbed 20 points to 73.33 per cent, while Nifty Metal remained the strongest segment with 100 per cent of stocks above the 200-DMA after a further 6.67-point rise. Elsewhere, Nifty FMCG jumped 33.33 points to 46.67 per cent, Nifty Pharma improved 15 points to 65 per cent, and Nifty Media rose 10 points to 40 per cent. On the weaker side, Nifty IT increased only 10 points to 10 per cent, while Nifty Realty remained unchanged at 20 per cent. Overall, breadth improved across several sectors, but the recovery is still selective rather than fully broad-based.

Indicator To Gauge Internal Strength
This indicator helps assess the internal health of the broader market by tracking how many Nifty 500 stocks are hitting fresh 52-week highs and how many are falling to new 52-week lows. In a strong market, the number of stocks making new highs usually rises, while new lows shrink or disappear, showing that the rally is broad-based and supported by wider participation. On the other hand, when new highs remain limited and new lows expand, it often suggests weak market breadth and a lack of leadership. Between April 15 and April 22, 2026, the internal setup remained constructive. The number of Nifty 500 stocks touching fresh 52-week highs increased from 7 to 9, while 52-week lows stayed at zero. Over the same period, the Nifty 500 rose 1.75 per cent, moving from 22,595.6 to 22,991.5. This indicates that the market’s upward move was supported by improving internal participation rather than being driven by just a handful of large stocks. The absence of fresh 52-week lows suggests that selling pressure remained contained, while the rise in new highs points to steady improvement in leadership. Although the expansion in highs is still gradual, the combination of a rising index, higher new highs, and zero new lows reflects a healthy short-term breadth structure in the broader market.

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