The Nifty fell 0.7% to 22,363.3, but more stocks rose than fell: 1,283 advancers against 1,200 decliners. Participation improved beneath the index. The catch is that the advancing Stage-2 cohort slipped to 28.3% of stocks, its lowest share in the 30-session window. Short-term repair and trend deterioration are happening together. This is not broad confirmation of a recovery.
A bounce is not a trend repair
The share above the 20-day average reached 27.5%, up from 20.5% on 8 October. Yet only 24.6% are above their 50-day average and 34.1% above their 200-day average. Over the last five sessions, 15 stocks moved from basing into advancing trends, while 61 moved from advancing into topping. The Stage-2 share has lost 2 percentage points over those five sessions and 4.7 points over 20. There were 341 stocks at 52-week lows against 98 at highs today. Lows have outnumbered highs for 12 consecutive sessions. The daily advance count is improving; the stock of healthy trends is not.
Paper cuts against the grain
Paper Products rose 7.3% today and is up 5.1% over a month. Across its 25 stocks, 40% are in Stage 2, with that share expanding by 16 percentage points over 20 sessions. That is a concrete pocket of improving participation inside Materials, where the advancing share has instead contracted by 2.2 points. It does not establish a market-wide turn. But it is a more useful industry signal than a green sector close alone: price strength is accompanied by an expanding advancing cohort, rather than merely a rebound in declining stocks.
Keep the screen separate from the market signal
Tega Industries Ltd leads the early Stage-2 screen with a setup score of 8.4 out of 10, followed by SMS Pharmaceuticals Ltd and Jash Engineering Ltd at 8.3 each. Industrials rose 0.4% today, but just 25.3% of its stocks are advancing, and that share has fallen 3.8 percentage points over 20 sessions. Strong individual screen scores therefore sit inside weak sector participation. The market-wide median setup score is 5 out of 10, tied at the window low. These names are screening candidates for chart review, not evidence that the wider tape has turned.
| Stock | Sector | Setup | % 1D |
|---|---|---|---|
| Tega Industries Ltd | Industrials | 8.4 | -1.7% |
| SMS Pharmaceuticals Ltd | Health Care | 8.3 | -0.7% |
| Jash Engineering Ltd | Industrials | 8.3 | +0.9% |
| Axiscades Technologies Ltd | Industrials | 8.0 | -2.4% |
| Carborundum Universal Ltd | Industrials | 7.9 | -0.5% |
| Lloyds Engineering Works Ltd | Industrials | 7.8 | -2.3% |
| Great Eastern Shipping Company Ltd | Energy | 7.4 | +1.1% |
| Sector | 1D | 1M | 3M | RS | Stage 2 |
|---|---|---|---|---|---|
| Industrials | +0.4% | -5.0% | -3.1% | 66 | 25% |
| Real Estate | +0.4% | -5.2% | -9.3% | 56 | 18% |
| Consumer Discretionary | +0.3% | -5.9% | -1.5% | 59 | 30% |
| Materials | +0.2% | -6.8% | -3.6% | 63 | 34% |
| Utilities | -0.0% | -7.0% | -12.7% | 54 | 11% |
| Health Care | -0.0% | -4.6% | +0.3% | 72 | 42% |
| Financials | -0.1% | -3.3% | -6.9% | 58 | 21% |
| Information Technology | -0.2% | -2.3% | -1.9% | 50 | 22% |
| Communication Services | -0.5% | -3.0% | -0.0% | 62 | 21% |
| Energy | -0.6% | -7.8% | -8.3% | 54 | 59% |
| Consumer Staples | -1.1% | -2.4% | -6.6% | 49 | 31% |
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.