Published on: April 28, 2025
If you are an intraday trader scanning for opportunities minute by minute, there’s one question you should be asking yourself before entering any trade: What’s the broader market telling me right now? Enter the X% Breadth Indicator—a powerful tool that helps you assess intraday market sentiment across the Nifty 50 or Nifty 500 universe.
What Is the X% Breadth Indicator?
The X% Breadth Indicator tracks the number of stocks in a bullish column (X) within a defined timeframe. It’s derived using Point & Figure charting, where a stock in the column of X is considered to be in a bullish phase, while one in O is in a bearish phase.
The scanner considers one-minute charts of Nifty 500 stocks, using a 0.15% box value—which allows for granular, real-time market insight.
How to Interpret the Chart
- Rising X% Breadth: More stocks are entering or staying in bullish columns—broad market strength.
- Falling X% Breadth: More stocks are shifting into bearish columns—market weakness.
- Above average: Bullish bias—focus on long trades.
- Below average: Bearish bias—look for shorting opportunities.
This helps you stay aligned with the overall momentum, not just isolated stock signals.
Why It Matters for Intraday Traders
In intraday trading, trend is king. You might find a great setup on a chart, but if the broader market is weak, your chances of success drop significantly. The X% Breadth Indicator gives you that market context in real-time.
For example:
- A bullish breakout pattern in a stock during rising breadth has a higher probability of following through.
- A short setup during falling breadth gains more conviction.
Think of it as trading with the market wind at your back, not against it.
Where to Find It
You can easily access the Intraday Breadth Indicator inside RZone and Zone Mobile. For RZone:
- Login to RZone
- Navigate to Ready Reports
- Choose Intraday Breadth – Nifty500 or Nifty50, based on your trading universe
For Zone Mobile, go to Scanner > Technical > Intraday Breadth
This real-time chart will update continuously as market activity unfolds, helping you stay sharp and responsive throughout the session.
Are You Ready?
Whether you’re trading breakouts, reversals, or mean-reversion setups, understanding market breadth can elevate your decision-making and improve your win rate. The X% Intraday Breadth Indicator isn’t just another line on the chart—it’s a lens into the collective pulse of the market.
Start tracking it today, and trade with the trend.
