Daily Market Breadth: NSE 2800+ Stocks, 10 October 2026

A weekend is a good time to step back from one index and look at the whole market. This is the IndexBreadth view of the full NSE universe, more than 2,800 stocks, using three simple questions: how many stocks are above their moving averages, how many are making new 52-week highs or lows, and how many are stretched on RSI.

The NSE All index is near 21,867. It has slid a long way from its highs and is sitting in the lower part of its range on the chart.

Participation: three in four stocks are below their short and medium averages

Share of stocks above their average	Reading
20-day	24.3%
50-day	23.1%
200-day	31.3%

All three lines sit well below the 50% mark. Only about a quarter of stocks are above the 20-day and 50-day averages, and just under a third are above the 200-day. That is thin participation. When the index falls but a handful of stocks hold it up, you would see the reverse of this. Here the weakness is broad.

The three lines are also bunched together near the bottom of the panel, and they have stayed under the halfway line for most of the period shown.

New 52-week highs and lows: lows lead by about four to one

• New 52-week highs: 1.53% of stocks
• New 52-week lows: 6.06% of stocks

The bars below zero are larger than the bars above it in the recent stretch. A market that is healing shows new lows shrinking and new highs starting to grow. Today the low side is still the bigger one. Lows are running at roughly four times the highs.

For context, the deepest low readings on the chart are much larger than 6%, so this is a weak market, not an extreme washout.

RSI: oversold is four times overbought

• Overbought (RSI above 70): 2.54% of stocks
• Oversold (RSI below 30): 10.03% of stocks

Very few stocks are stretched to the upside. About one in ten is oversold. The oversold line has been the dominant one through the recent dip, which matches the picture from moving averages and new lows: selling pressure is wide, and nobody is chasing yet.

What I make of it

• What is weak: under a quarter of stocks above the 20-day and 50-day averages, new lows well ahead of new highs, and oversold well ahead of overbought.
• What is not extreme: 10% oversold and 6% at 52-week lows are real stress, but not the capitulation levels this chart has shown before.
• What is missing: any sign of buyers leaning in. RSI above 70 is close to zero and new highs are barely registering.

What I am watching next

• The share above the 20-day average climbing back toward the 50% line, and holding there for more than a day.
• New 52-week lows shrinking while new highs begin to rise.
• The oversold share falling without the overbought share jumping straight to the other extreme.
• Whether the 200-day share, at 31.3%, holds up better than the shorter averages. It is the slowest line and the best clue to the larger trend.

This is market context for study, not a signal to buy or sell.

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Tags: #MarketBreadth #DailyMarketBreadth #NSE #StocksAboveMovingAverages #52WeekHighLow #RSIBreadth #IndexBreadth