Nifty 50 closed the week at 23,547.8, still below its 200-day average and 10.6% off its 52-week high, yet the broader recovery that began 17 days ago has not stalled. The near-term read is turning, and the internal evidence — 48 stocks moving from basing to advancing against only 5 moving the other way over the last five days — points to a tape that is narrow but genuinely improving. Nineteen per cent of NSE-listed stocks are now in Stage 2, a cohort that has widened by 6.9 over the last 20 days and 6.1 over the last 60. The honest summary: an early recovery, still fragile at the index level, but with more stocks clearing the screen each week than are leaving it.
Sector picture: what the 1-month and 3-month tables show
Over three months, Industrials leads all sectors at +11.9%, followed by Utilities at +10.8% and Health Care at +10.4%. The one-month table reinforces the same names: Health Care tops it at +6.0%, with Industrials and Communication Services both at +4.4%. At the other end, Financials has shed 8.9% over three months and Energy 7.5% — both remain clear laggards with no sign of rotation into them yet. The sectors where the Stage-2 advancing cohort is expanding fastest over the last 20 days are Consumer Staples, Utilities and Information Technology, in that order. That Consumer Staples and Utilities are building momentum beneath the surface while Industrials and Health Care hold the headline returns is the most constructive structural read of the week.
This week's screening results: transitions and sustained setups
Forty-eight stocks moved from Stage 1 basing into Stage 2 advancing over the last five days, the net figure after accounting for the five that moved from advancing to topping. Among the highest-scoring new transitions, Sasken Technologies and Paramount Communications both cleared the screen with setup scores of 9.4, joined by Modison at 9.2, Fineotex Chemical at 9.2, and Balaji Amines at 9.0. Sanstar and Gland Pharma also entered the advancing stage this week, screening at 8.7 and 8.3 respectively. On the sustained-setups side — stocks already in Stage 2 that continue to hold clean bases — Garware Hi-Tech Films, Sakar Healthcare and Avalon Technologies all carry scores of 9.4, with Stylam Industries at 9.3. The full transition and sustained-setup tables are rendered below.
| Stock | Sector | Move | Setup |
|---|---|---|---|
| Sasken Technologies Ltd | Information Technology | 1→2 | 9.4 |
| Paramount Communications Ltd | Industrials | 1→2 | 9.4 |
| Modison Ltd | Industrials | 1→2 | 9.2 |
| Balaji Amines Ltd | Materials | 1→2 | 9.0 |
| Yasho Industries Ltd | Materials | 1→2 | 8.8 |
| Fineotex Chemical Ltd | Materials | 1→2 | 8.7 |
| Sanstar Ltd | Consumer Staples | 1→2 | 8.7 |
| Gland Pharma Ltd | Health Care | 1→2 | 8.3 |
| Stock | Sector | Setup | RS |
|---|---|---|---|
| Garware Hi-Tech Films Ltd | Materials | 9.4 | 88 |
| Sasken Technologies Ltd | Information Technology | 9.4 | 92 |
| Sakar Healthcare Ltd | Health Care | 9.4 | 98 |
| Avalon Technologies Ltd | Information Technology | 9.4 | 94 |
| Stylam Industries Ltd | Industrials | 9.3 | 92 |
| Wheels India Ltd | Consumer Discretionary | 9.2 | 96 |
| Modison Ltd | Industrials | 9.2 | 97 |
| Fineotex Chemical Ltd | Materials | 9.2 | 94 |
| Sector | 1D | 1M | 3M | RS | Stage 2 |
|---|---|---|---|---|---|
| Information Technology | +0.1% | +0.2% | -4.4% | 39 | 15% |
| Real Estate | -0.3% | +0.5% | -3.9% | 43 | 4% |
| Industrials | -0.9% | +4.4% | +11.9% | 68 | 22% |
| Consumer Discretionary | -1.2% | +0.0% | -1.0% | 64 | 15% |
| Communication Services | -1.2% | +4.4% | +1.0% | 65 | 10% |
| Health Care | -1.2% | +6.0% | +10.4% | 70 | 26% |
| Consumer Staples | -1.4% | -3.0% | -2.2% | 55 | 29% |
| Utilities | -1.6% | +1.9% | +10.8% | 66 | 25% |
| Materials | -1.7% | +0.6% | +6.5% | 71 | 21% |
| Energy | -2.3% | -5.1% | -7.5% | 61 | 29% |
| Financials | -2.4% | -3.5% | -8.9% | 59 | 15% |
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.
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