Yesterday's softer daily breadth gave way to much broader participation. That improves the case for refreshing watchlists tomorrow, though the market remains Neutral — Fading. The rebound is reaching more stocks without yet rebuilding the advancing cohort.
Repair takes a meaningful step
Nifty rose 0.6% to 23,961, still just below its 200-day average at 24,004. Yearly lows fell to 150 from yesterday's 244, a six-week low. Yet yearly highs still trailed lows by 58. Longer-term participation remains thin, with only 36% above their 200-day average. Over the last five sessions, 12 stocks moved from basing to advancing while 107 moved from advancing to topping. Tomorrow's screening needs to distinguish a recovering price from an established advancing trend.
Industrials takes the daily lead
Ports offers a narrow pocket of participation within Industrials: all its stocks are in Stage 2, but the group contains only three companies. Health Care retains the strongest sector relative strength, with biotechnology still showing an 11.1-point expansion over 20 sessions. Sugar, which we highlighted yesterday, weakened beneath its 3.8% rise: advancing participation fell to 51.7% from 58.6%. Energy's price and participation gap also widened, with Stage 2 share down to 41.4% despite a 0.9% gain.
Keep the stock checks selective
Tech Mahindra still heads the early setups with a score of 8.2, although Information Technology fell 0.4%. Kotak Mahindra Bank follows at 7.9; Punjab National Bank remains an early candidate, but Financials has only 19.7% advancing participation. Sejal Glass offers an early Industrials setup, while Krishna Defence & Allied Industries entered Stage 2 tonight and also appears among the early names. These are chart-review candidates, not confirmation that the market has repaired. Existing watchlists also need attention: Samvardhana Motherson International and Steel Authority of India moved into topping. Aegis Logistics did too, reinforcing the Energy warning.
| Stock | Sector | Setup | % 1D |
|---|---|---|---|
| Tech Mahindra Ltd | Information Technology | 8.2 | -0.3% |
| Kotak Mahindra Bank Ltd | Financials | 7.9 | -1.1% |
| Sejal Glass Ltd | Industrials | 7.9 | +0.4% |
| Indian Hotels Company Ltd | Consumer Discretionary | 7.8 | +1.5% |
| Punjab National Bank | Financials | 7.6 | +1.2% |
| Acutaas Chemicals Ltd | Health Care | 7.4 | -3.2% |
| Patel Retail Ltd | Consumer Discretionary | 7.4 | +0.9% |
| Krishna Defence & Allied Industries Ltd | Industrials | 7.4 | +1.2% |
| Sector | 1D | 1M | 3M | RS | Stage 2 |
|---|---|---|---|---|---|
| Industrials | +2.6% | -1.1% | -3.1% | 69 | 22% |
| Real Estate | +2.5% | +2.0% | -0.8% | 57 | 15% |
| Utilities | +2.1% | +1.4% | -6.4% | 68 | 5% |
| Materials | +1.9% | +0.3% | -5.1% | 67 | 29% |
| Consumer Discretionary | +1.7% | +3.2% | -2.3% | 63 | 25% |
| Consumer Staples | +1.5% | +2.7% | -5.8% | 50 | 22% |
| Health Care | +1.3% | +3.2% | +1.6% | 75 | 37% |
| Financials | +1.3% | +1.9% | -4.9% | 59 | 20% |
| Energy | +0.9% | +8.1% | +0.5% | 60 | 41% |
| Communication Services | +0.4% | +9.1% | +3.6% | 65 | 15% |
| Information Technology | -0.4% | +9.9% | +0.2% | 55 | 22% |
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.