📊 Market Breadth Dashboard

What is Market Breadth?

The Nifty 50 index tells you what the 50 largest stocks are doing. Market Breadth tells you what the full Nifty 500 is doing. The two can diverge significantly — especially near market tops and bottoms.

The core question breadth answers: what percentage of stocks are participating in the current trend? Finmagine measures this by counting how many of the 500 stocks are trading above each key moving average — 10, 20, 40, 50, 100, and 200 DMA — and expressing that as a percentage.

The Finmagine breadth dashboard is a standalone page (distinct from the Breadth tab inside Markets). It covers the full Nifty 500 universe and combines five data sources: the MA snapshot, the history chart, sector internals, management sentiment breadth, and a full daily trading history table.

The MA Snapshot Chips

The six chips at the top of the page show today's breadth reading for each moving average period.

Above: an illustrative snapshot showing a market in short-term pullback (10/20 DMA breadth weak) within an otherwise healthy longer-term uptrend (200 DMA still bullish).

Each chip is colour-coded:

• Green (≥60%) — Bull Zone for that MA period. Majority of stocks are above this average.
• Amber (35–60%) — Neutral Zone. Market is mixed or in transition.
• Red (≤35%) — Bear Zone for that MA period. Majority of stocks are below this average.

The subtitle shows "X / 500 stocks" to give the raw count behind the percentage.

The History Chart

The line chart plots all six MA breadth readings over time. Each line is a separate colour:

• ■ 10 DMA — blue (most volatile, shortest term)
• ■ 20 DMA — green
• ■ 40 DMA — teal
• ■ 50 DMA — amber
• ■ 100 DMA — orange
• ■ 200 DMA — red (most stable, longest term)

Period Buttons

Choose how much history to display:

The 30D view shows the most recent session-to-session fluctuations. The 1Y view reveals regime changes — when breadth moved from a structural bull to a structural bear or vice versa.

MA Toggles

Each MA period has a checkbox. Uncheck the short-term lines (10, 20, 40 DMA) to see only the structural trend lines (50, 100, 200 DMA) without the noise. Or uncheck the long-term lines to focus purely on short-term momentum.

Bull and Bear Zone Shading

The chart has two lightly shaded horizontal bands:

• Green band (70–100%) — the Bull Zone. When a breadth line enters this band, that MA period's reading is healthy.
• Red band (0–30%) — the Bear Zone. When a breadth line falls into this band, broad selling has overtaken that timeframe.

Interpreting the Breadth Readings

Bull Zone — ≥70% above a moving average

When more than 70% of Nifty 500 stocks are above their 200 DMA, the market is in a broad structural uptrend. Most stocks are participating. Pullbacks in this environment tend to be shallow and short — they are buying opportunities rather than distribution tops.

Bear Zone — ≤30% above a moving average

Fewer than 30% above the 200 DMA indicates wide market weakness. Most stocks are below their long-term trend line. Defensive positioning, tighter stops, and higher cash levels are prudent until breadth recovers above 40–50%.

Divergence — the most important warning signal

Divergence occurs when the Nifty 50 index makes a new high but breadth (particularly 200 DMA breadth) is flat or falling. The index is being carried by a shrinking number of large-cap stocks while the broad market deteriorates underneath. Historically, breadth divergences precede meaningful corrections by days to weeks.

MA Stacking — the strongest bull signal

MA Stacking is when breadth values are ordered highest-to-lowest by MA period: 10 DMA > 20 DMA > 40 DMA > 50 DMA > 100 DMA > 200 DMA. Short-term participation is highest, long-term participation is lowest but still healthy. All timeframes are aligned. This is the environment where breakouts have the highest probability of follow-through.

Sector Breadth Grid

The grid shows how each sector within the Nifty 500 is doing on a single metric: what percentage of its stocks are above their 50 DMA today.

Sectors are sorted by % descending, so the strongest sectors are always at the top left. The same green/amber/red colour coding applies: ≥60% = green, 35–60% = amber, ≤35% = red.

Why use 50 DMA specifically for sectors? The 50 DMA is the most widely watched medium-term trend line. A sector where most stocks are above their 50 DMA has broad internal momentum — not just a few large-cap names pulling the sector index higher while smaller names lag.

Management Tone Breadth

This widget distributes management sentiment across hundreds of quarterly earnings concall transcripts, scored by Finmagine's AI system. Each company's most recent concall is classified into one of six tone categories:

The Stacked Bar and Distribution Rows

The stacked bar at the top of the widget shows the proportion of each tone category across all analysed companies. Below it, each row shows the precise percentage and raw count for that tone category, with a mini bar for visual comparison.

QoQ Shift

The bottom row compares the current quarter's distribution to the previous quarter. Three aggregate groups are tracked: Confident (Confident Specific + Vague), Cautious (Cautious + Mixed), Defensive (Defensive + Evasive). An arrow and ±pp delta shows whether the aggregate mix has improved or deteriorated quarter-over-quarter.

Daily History Table

Switch to the Daily History tab to see the raw trading session data for the last 60 trading days (expandable with Load More). Each row is one trading session.

How to Use Breadth in Your Workflow

Breadth is a context-setting tool, not a stock-picking tool. Use it to answer one question before every trade: is the overall environment supporting new positions right now?

Weekly check (5 minutes)

1. Look at the six snapshot chips. Is the 200 DMA reading above 60%? If yes, the structural backdrop is fine. If below 40%, raise your caution level.
2. Is there MA Stacking (short-term breadth > long-term breadth)? If yes, full-risk is appropriate. If not, consider partial position sizing.
3. Scan the Sector Breadth Grid. Which sectors are green (≥60% above 50 DMA)? These are your hunting grounds. Avoid initiating new longs in red sectors unless you have a specific catalyst.

Before a new breakout entry (2 minutes)

1. Check the 10 DMA breadth chip. Is it above 55%? If yes, short-term momentum is in your favour. Below 40% and falling — wait for stabilisation before chasing breakouts.
2. Scan the Daily History table for the last 5 sessions. Are there more thrust days (Adv 300+, Up 4% count high) than distribution days? Breakouts in thrust environments hold better.

Connecting to the Rest of the Platform

1. Identify broad market health on the Breadth Dashboard
2. Identify leading sectors on the Sector RRG
3. Cross-check sector internals using the Sector Breadth Grid (is the RRG-leading sector also broadly healthy, or just one or two stocks pulling it?)
4. Drill into sub-sectors via the Markets Industry Groups tab
5. Filter for stocks meeting your criteria on the Screener

Related Guides

• Sector RRG — 18 NSE sector rotation chart: RS-Ratio, RS-Momentum, four quadrants, clockwise rotation, as-of snapshots
• Markets Hub — the 12-tab Markets surface: breadth tab, heatmap, FII/DII, industry groups, industry stages, and more
• Industry Groups — sub-sector rankings with 52WH Distance and 4W/12W rank history
• Morning Brief — pre-session briefing desk with sector movers, FII/DII flows, and AI prompt synthesis
• RS Momentum Scanner — top Nifty 500 stocks ranked by RS Rating, with sector and MCap filters