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▲ Market mood Cautious — the market (Nifty 50) is below its 1-year trend line, so momentum is weak.
why?killswitch.regime: Nifty 50 22422 < 200DMA 24351 by 7.92% — momentum regime OFF (as of 2026-10-01) · full ledger → Coverage & limits
as of 2026-10-03
← Markets · Sectors

Nifty India Defence sector · 2026-10-01

-4.3% vs 50-DMA · +4.6% vs 200-DMA · 3m ret -4.5% · -8.6% off 52w-high · +26.7% above 52w-low  PRICE = its own trend · RS = vs Nifty 500 — the two can disagree.

Price candles / line · D·W·M·Q · 50/200-MA

Nifty India Defence · price (candles / line) + 50/200-MA
9,142.55
close -134
-1.4%
today
-5.2%
1m return
Open9,262.25High9,266.85Low9,000.60
Volume29,576,756Turnover₹3,083 CrDiv yld0.51%
P/E56.96 · 77th pctile of 252d (higher = richer)P/B10.8250-DMA9,553.58 (-4.3%)
200-DMA8,740.04 (+4.6%)52w high9,998.70 (-8.6%)52w low7,214.30 (+26.7%)
Returns  1d -1.4% · 1w -2.3% · 1m -5.2% · 3m -4.5% · 6m +20.3% · 12m +14.6%

Relative strength vs Nifty 500 · the RS-ratio chart

▲1m▲3m▲6m▲12m▲18m▲24m   3m RS slope +1.8% · trend LEADING. Standalone ratio page (also vs Nifty 50) →  ·  ⇄ Compare with other indices
Nifty India Defence ÷ Nifty 500 — relative-strength ratio (line) · amber=50-MA · grey=200-MA · ↑/↓50 crosses · ● new high (per interval)
improvingleadingweakeninglagging
Strength × Direction vs Nifty 500 · Leading · tail: last ~6 months (faint → now)
89/99
RS momentum — stronger than 89% of 150 sectors (0.6·3m + 0.4·6m slope)
RS depth vs Nifty 500 · rotation / Mansfield / capture
QuadrantLeadingRS momentum+100.78
Mansfield RS+9.82RSI-of-RS+54
Up-capture 1y+1%Down-capture 1y+1%
Full rotation map & RS-depth table →

RS support & resistance where Nifty India Defence sits in its own band vs Nifty 500 · open full →

ressupPOC2022202320252026
— resistance   — support   ··· POC (magnet)   –– median   ·· all-time hi/lo  ·  hover to scrub
band position
97.3 at RS resistance
regime
trending
to resistance
+-1%
to support
−47%
trend-R²
0.81
state
TOUCH_RES
Re-rating (uptrend) — structural uptrend (re-rating) — its own history is a weak reference while it re-rates
RS-band is a descriptive relative-level lens, not a buy/sell/trim instruction.

Inside the index bottom-up · equal-weight · 20 liquid members

Membership carries no free-float weight, so every roll-up here is equal-weight. Breadth = share of members whose RS vs Nifty 500 is in an uptrend. See all 20 constituent stocks →
20
Constituents
equal-weight roll-up
55%
In RS uptrend
members RS-up vs Nifty 500
7
RS leaders
rs_rank ≥ 80
61
Avg RS rank
median 71
5
Near 52w-high
within 5%
0
ATH-DVPT
all-time delivery peak
Accumulation splitdelivery character across members
🟢 1 accumulation · 🟡 4 consolidation · ⚪ 15 neutral · 🔴 0 distribution · net skew +1
Themes insidemulti-label · members per theme
Defence 18Industrialization-proxy 17Aviation 2Make-in-India 2PSU 2Auto 1Capital Goods 1Chemicals 1Infrastructure 1Power / Renewables 1

All participants 20 liquid members · sort · filter

SymbolSectorThemesRS rankTriggerpCharacterAccum%52wHDVPTΔhot
UNIMECHNifty India Defence—97-0⚪ NEUTRAL STRONG ACC+0.0%₹32.5cr+33.1%
AEQUSNifty India DefenceDefenceAviationIndustrialization-proxy93B2🟢 ACCUM NEUTRAL-1.6%₹75.3cr+13.4%
CENTUMNifty India Defence—89-0⚪ NEUTRAL ACCUM-4.5%₹10.1cr+23.4%
AXISCADESNifty India DefenceDefenceIndustrialization-proxy88-0⚪ NEUTRAL STRONG ACC+0.0%₹54.1cr+31.3%
DYNAMATECHNifty India DefenceDefenceIndustrialization-proxy87-0⚪ NEUTRAL ACCUM+0.0%₹22.6cr+18.7%
PARASNifty India DefenceDefenceCapital GoodsIndustrialization-proxy86-0🟡 CONSOL DISTRIB-16.5%₹22.3cr-4.7%
APOLLONifty India DefenceDefenceIndustrialization-proxy82-0⚪ NEUTRAL NEUTRAL-12.5%₹56.6cr-0.2%
SOLARINDSNifty ChemicalsChemicalsDefenceIndustrialization-proxy+275-0🟡 CONSOL NEUTRAL-13.6%₹142.2cr-1.3%
ASTRAMICRONifty India DefenceDefenceIndustrialization-proxy73-0⚪ NEUTRAL NEUTRAL-12.7%₹25.6cr-3.3%
MIDHANINifty India DefenceDefenceIndustrialization-proxyPSU73-0🟡 CONSOL ACCUM-9.1%₹13.5cr+1.9%
BEMLNifty India DefenceDefenceIndustrialization-proxyTransport / Logistics69-0⚪ NEUTRAL NEUTRAL-12.2%₹10.0cr+4.8%
HALNifty India DefenceDefenceAviationIndustrialization-proxy65-0🟡 CONSOL DISTRIB-9.8%₹144.8cr-1.9%
DATAPATTNSNifty India DefenceDefenceIndustrialization-proxy64-0⚪ NEUTRAL NEUTRAL-13.8%₹29.4cr-4.1%
ZENTECNifty India DefenceDefenceIndustrialization-proxyMake-in-India45-0⚪ NEUTRAL DISTRIB-21.1%₹17.7cr-12.5%
BHARATFORGNifty AutoAutoInfrastructureDefence+142-0⚪ NEUTRAL STRONG DIST-17.2%₹122.8cr-9.3%
BELNifty India DefenceDefenceIndustrialization-proxy27-0⚪ NEUTRAL DISTRIB-18.2%₹216.2cr-5.0%
COCHINSHIPNifty India DefenceDefenceIndustrialization-proxy23-0⚪ NEUTRAL DISTRIB-33.2%₹35.4cr-11.4%
MAZDOCKNifty India DefenceDefence13-0⚪ NEUTRAL STRONG DIST-29.4%₹53.5cr-18.6%
BDLNifty India DefenceDefenceIndustrialization-proxyPSU10-0⚪ NEUTRAL DISTRIB-32.6%₹38.9cr-18.0%
GRSENifty India DefenceDefenceIndustrialization-proxy10-0⚪ NEUTRAL DISTRIB-31.8%₹51.3cr-21.3%
🏆 RS leadersstrongest in the index
UNIMECH97⚪ NEUTRAL+0.0%
AEQUS93🟢 ACCUM-1.6%
CENTUM89⚪ NEUTRAL-4.5%
AXISCADES88⚪ NEUTRAL+0.0%
DYNAMATECH87⚪ NEUTRAL+0.0%
PARAS86🟡 CONSOL-16.5%
APOLLO82⚪ NEUTRAL-12.5%
SOLARINDS75🟡 CONSOL-13.6%
All constituents →
🐌 RS laggardsweakest in the index
GRSE10⚪ NEUTRAL-31.8%
BDL10⚪ NEUTRAL-32.6%
MAZDOCK13⚪ NEUTRAL-29.4%
COCHINSHIP23⚪ NEUTRAL-33.2%
BEL27⚪ NEUTRAL-18.2%
BHARATFORG42⚪ NEUTRAL-17.2%
ZENTEC45⚪ NEUTRAL-21.1%
DATAPATTNS64⚪ NEUTRAL-13.8%
All constituents →
⚡ Intra-index DVPTinstitutional delivery positioning
AEQUSB🔴 ext
BEL-🟢 disc
HAL-🟡 at-cost
SOLARINDS-🟡 at-cost
BHARATFORG-🟢 disc
APOLLO-🟡 at-cost
AXISCADES-🔴 ext
MAZDOCK-🟢 disc
Positioning screen →
📊 Intra-index MEPsigned accum/distrib STATE · descriptor (DSR-failed)
CENTUMSTRONG ACC+0.85
DYNAMATECHACCUM+0.50
AXISCADESACCUM+0.40
BEMLACCUM+0.27
MIDHANINEUTRAL+0.14
DISTRIBUTING
ZENTECSTRONG DIST-0.99
MAZDOCKSTRONG DIST-0.84
SOLARINDSSTRONG DIST-0.67
BDLSTRONG DIST-0.66
BHARATFORGSTRONG DIST-0.65
Open the MEP screen →