Today was not a healthy pullback inside an uptrend — it was a broad, accelerating deterioration. Decliners swamped advancers 1,884 to 334, net new highs flipped negative for the first time in this run, and the slow structural breadth gauge broke sharply lower. The screen still surfaces setups because that is its job; the backdrop says fewer of them will follow through.
Trajectory: the internals were already cracking before today
The continuity series tells the story clearly. The short-term breadth gauge peaked at 62 on 2 July and has fallen every session since, hitting 34.9 today — a near-halving in six days. Advance-decline has been net negative since 3 July even while the index was still printing small gains; that was the tell. Today the slow structural gauge, which had held steady around 44 for a week, dropped to 39.1 — that is the structural floor giving way, not a one-day wobble. Net new highs went from 158 on 2 July to minus 8 today. This is a sequence of distribution, not a dip inside strength.
Leadership: defensive sectors held least badly; Stage-2 cohort still widening but context matters
Health Care and Utilities were the relative holds on the day, and Health Care is where the Stage-2 cohort is expanding fastest over the past 20 sessions, with Consumer Discretionary and Real Estate close behind — Real Estate has also led over both one and three months. IND Swift Laboratories cleared the screen with the highest relative-strength rank among today's names, sitting in Health Care where sector momentum is genuine. But a widening Stage-2 cohort during a broad sell-off means stocks are being classified, not confirmed — the 46 Stage 1-to-2 transitions over the last five days look constructive on paper; against today's tape, treat them as names to monitor, not to act on.
| Stock | Sector | Setup | % 1D |
|---|---|---|---|
| Tirupati Forge Ltd | Consumer Discretionary | 9.4 | -5.9% |
| S.P.Apparels Ltd | Consumer Discretionary | 9.4 | +0.8% |
| IND Swift Laboratories Ltd | Health Care | 9.4 | +4.8% |
| Aurum Proptech Ltd | Information Technology | 9.0 | -2.4% |
| Pearl Global Industries Ltd | Consumer Discretionary | 9.0 | -1.0% |
| Shiv Aum Steels Ltd | Industrials | 8.9 | -3.6% |
| Lokesh Machines Ltd | Industrials | 8.8 | +2.0% |
| Va Tech Wabag Ltd | Utilities | 8.8 | -5.5% |
| Sector | 1D | 1M | 3M | RS | Stage 2 |
|---|---|---|---|---|---|
| Health Care | -1.1% | +5.8% | +20.5% | 74 | 49% |
| Utilities | -1.1% | -2.1% | +23.4% | 63 | 30% |
| Communication Services | -1.4% | +5.2% | +16.5% | 61 | 18% |
| Materials | -1.6% | -0.2% | +9.1% | 67 | 39% |
| Consumer Discretionary | -1.7% | +5.9% | +11.6% | 67 | 34% |
| Information Technology | -1.7% | -2.3% | -1.4% | 34 | 26% |
| Real Estate | -1.8% | +14.2% | +26.9% | 49 | 23% |
| Industrials | -1.9% | +3.1% | +23.9% | 68 | 39% |
| Energy | -2.2% | +1.6% | +0.7% | 54 | 36% |
| Consumer Staples | -2.4% | +2.3% | +7.9% | 57 | 35% |
| Financials | -2.5% | +6.2% | +6.4% | 59 | 35% |
Work the same data live: open the full stock screener, watch the live market dashboard, or check the market-timing read. New to the method? Start with the four stages.
Stage2Stocks is an educational stage-analysis screener. These wraps describe what the screen shows across NSE cash equities — they are not investment advice, recommendations, or buy/sell calls. Always do your own research.