equity-service · scan of 30 September 2026

Trading Book

Generated 2026-09-30 10:31 IST

TIS setups

The four TIS scans — daily and weekly, stocks and ETFs. Runs: SWING 2026-09-29 17:30 IST; WEEKLY 2026-09-29 17:32 IST; ETF 2026-09-29 17:37 IST; ETF_WEEKLY 2026-09-29 17:37 IST

SWING — 879 scanned, 269 with a stop derived, 14 at ≥6 of 7 gates, 2 actionable, actionable plus the ≥6-gate watch rows — blocked by G3 x10, G5 x6, G1 x2. sizing: Rs 39,808 risk budget / Rs 494,930 deploy cap, 12 slots (t-default)

WEEKLY — 879 scanned, 220 with a stop derived, 1 at ≥6 of 7 gates, 0 actionable, actionable plus the ≥6-gate watch rows — blocked by G4 x1, G5 x1. sizing: Rs 39,808 risk budget / Rs 494,930 deploy cap, 12 slots (t-default)

ETF — 23 scanned, 15 with a stop derived, 0 at ≥6 of 7 gates, 0 actionable, actionable plus the ≥6-gate watch rows. sizing: Rs 39,808 risk budget / Rs 494,930 deploy cap, 12 slots (t-default)

ETF: nothing actionable, and nothing within one gate of it (15 names with a stop derived, none at ≥6 of 7).

ETF_WEEKLY — 23 scanned, 17 with a stop derived, 0 at ≥6 of 7 gates, 0 actionable, actionable plus the ≥6-gate watch rows. sizing: Rs 39,808 risk budget / Rs 494,930 deploy cap, 12 slots (t-default)

ETF_WEEKLY: nothing actionable, and nothing within one gate of it (17 names with a stop derived, none at ≥6 of 7).

Rows are the scan's own record, not a recomputation. 'blocked by' lists every failing gate, not the first.

A *candidate* is any name the scanner could derive a pivot and a stop for, before a single gate is judged; the gates are then scored on every one of them so that a six-of-seven is visible the morning after. The shortlist a reader means by 'passed the gates' is the ≥6 count.

'to entry' is how far the buy trigger sits above the last price the scan saw — not an overnight gap. For the daily scanners the trigger is 0.2% over the last close, so a larger figure means the quote has since moved; negative means the market is already through it.

Other scanners

The two that are not TIS. Both are in the nightly scan, but only the four TIS scanners feed the agent: STRIKE is intraday and everything placed here is CNC, so these rows are read by hand. STRIKE is SWING with a 2R target; REVERSAL buys a washout and enters at the market, so its rows are judged on R1-R3 rather than on the eight gates. Runs: STRIKE 2026-09-29 17:34 IST; REVERSAL 2026-09-29 17:36 IST

STRIKE — 879 scanned, 269 with a stop derived, 14 at ≥6 of 7 gates, 2 actionable, actionable plus the ≥6-gate watch rows — blocked by G3 x10, G5 x6, G1 x2. sizing: Rs 39,808 risk budget / Rs 494,930 deploy cap, 12 slots (t-default)

REVERSAL — 589 scanned, 353 with a stop derived, 0 at ≥6 of 7 gates, 0 actionable, actionable plus the ≥6-gate watch rows. sizing: Rs 39,808 risk budget / Rs 494,930 deploy cap, 12 slots (t-default)

REVERSAL: nothing actionable, and nothing within one gate of it (353 names with a stop derived, none at ≥6 of 7).

A *candidate* is any name the scanner could derive a pivot and a stop for, before a single gate is judged; the gates are then scored on every one of them so that a six-of-seven is visible the morning after. The shortlist a reader means by 'passed the gates' is the ≥6 count.

What ran

The session before the last one, so each move has a day of follow-through beside it. `next` is that following session — a run given straight back is a different event from one that held.

32 names moved 3% or more; showing 15.

Themes: sectors with two or more of the 32 movers. This is what the list is read for — which group is working, so the next setup taken is in it. 'held' is how many kept the move the next session; a theme LAGGING on the RRG while leading the tape is a disagreement to resolve before sizing in it.

The 'why' column is the top headline a news search returned for that name, coloured by the same heuristic the News section explains. A blank means nothing was written, which for a name up 15% is itself worth noticing: a move with no story behind it is a move to distrust.

Group moves among the names shown — Chemicals-Specialty x2. The themes table below groups *all* the movers, not just these.

4 of 15 closed 20% or more above their 20MA — continuation spikes, not base breakouts, which is why the scan finds no tight stop under them.

What is holding up

Every name's return since the index's last peak close on 2026-08-06, 37 session(s) ago, grouped by industry. Two benchmarks over the same window: NIFTYBEES -7.53% and SMALLCAP -1.10%. A sector above the line is outperforming even where it is still negative — in a drawdown that is what leadership looks like. The comparison that counts is against the smallcap peer: this universe is broad and measuring it against fifty large caps flatters almost all of it.

Holding up — best median first. 37 of 69 sectors are beating the smallcap peer.

Taking the damage — worst median first.

Median, not mean: one name up 80% on a takeover bid should not make its whole sector look like leadership. A sector needs at least 3 names in the universe to appear at all.

The anchor is the index's own highest close in the last 60 sessions, taken from price rather than from our recorded regime — so it does not move when MarketSmith relabels its status, and anyone can check it against a chart.

No reason is given, because the tape cannot give one. A group down 9% on crude and a group down 9% on one bad result look identical here; the News and Exchange filings sections below are where the difference lives.

News

Headlines for the market as a whole, newest first, from a Google News search. Company headlines sit on the setup cards and beside the names that ran.

Green and red are a **headline heuristic**: a few dozen words — 'bags order', 'wins contract' against 'probe', 'downgrade', 'profit falls'. It reads the headline and nothing else — not the article, not the exposure, not whether the move is already priced. It is there so the eye stops at the right row, and it is not a signal.

Open trades

The book, as this service records it — priced off the same series the charts are drawn from.

1 open, 0 with a stop that has moved. 'locked' is where the stop sits relative to entry in units of the original risk — positive means the trade can no longer lose.

How the market opened

From MarketSmith's pre-open note, for today only.

GIFT Nifty is the index, not a stock. A name moves roughly with it only if its beta is near 1, and `check_open_gap` prints that caveat beside every order it names. Run that command for the resting triggers this open would fill through — it is the actionable half and it is deliberately not duplicated here.

MarketSmith

The emails the gate is read from, newest first.

MarketSmith's Buy Watchlist. Our universe holds tickers and the mail publishes company names, so a blank 'in our universe' is an unmatched name, not an absent one — match by eye against the scan.

The newest mail carries no Buy Watchlist. Weekly reports and learning modules do not; a daily pre-market mail should.

Model portfolio moves

'parsed as' is the subject-line classifier, which recognises only status-change alerts — 'unrecognised' on a daily commentary is by design, not a failure. 'body says' is the Market Pulse read out of the mail itself; see `show_marketsmith` for the whole mail.

IPOs — mainboard

A separate instrument and a separate decision. No gate here reads a chart.

GMP is an unregulated over-the-counter quote with no print behind it. Measured over 295 listings it correlates 0.87 with the realised listing gain and overstates it by about 2.6pp; a zero GMP has averaged -6.6% and was positive 29% of the time. The subscription columns are the exchange's own and are the half that can be verified.

SME is excluded. Run backtest_gmp to re-measure any of the above.

IPO review — apply, skip, avoid

Wednesday 30 September, read at 10:30 against the live book. Tomorrow is the first listing day, and it is the one that matters. Moneyview lists 1 October at a grey-market premium of ₹13, 38.2% — about 36% after the 2.6-point overstatement — having closed at 44.17x with QIB at 58.68x. The plan has not changed since the day it was applied for: sell at the open. The case was the discount, not the franchise, and holding past the open means owning the margin question on a lender whose profit went nowhere on 43% revenue growth. A-One Steels lists the same day at 8.6%; we skipped it and that is fine either way. SRIT India closed today at 4.16x — and repeated the Orient Cables pattern. Retail 6.04x, HNI 5.25x, QIB 0.03x. That is the second issue this week carried entirely by retail and high-net-worth money with institutions absent, and it converts the retail-only call into a listing-day sell rather than anything to hold. Two skips were paid for today. Runwal’s premium collapsed to ₹2, 0.7%, and German Green Steel halved to 9.4% — both called on structure rather than on GMP, one for never covering its retail book and one for never publishing a book at all. Expected listing is the GMP percentage less 2.6 points, the overstatement backtest_gmp measured over 295 listings (r = 0.87). Applied: Moneyview HNI 24 Sep (lists tomorrow); Orient Cables retail 25 Sep (lists 5 Oct). Held: nothing in equities — the book is LIQUIDCASE and nothing else, on a day our own breadth reading fell to 36%.

Orient Cables firmed rather than faded: ₹72 to ₹85, 31.3%, with five sessions still to run before it lists. Its QIB book never arrived — 0.06x against 8.32x overall — so the test set on Monday was not met and the plan stands: sell into the listing. It is worth being clear that the grey market is disagreeing with that reading, and the grey market has an r of 0.87 with realised listing gains. What it does not price is the week after, which is where an issue carried by HNI at 17x with institutions absent has to find real holders. Shah Investor’s Home covered, at 1.1x with QIB at 1.08x. The AVOID was never about coverage — it was profit down 44% and return on equity halving from 14.7% to 7.6% — so the call stands, but the book came in better than the one-in-four subscription it opened with and that is worth recording rather than quietly dropping.

Exchange filings

What the companies told the exchange, for names we follow.

Most filings are housekeeping — meetings, trading windows, newspaper copies. Only the categories that can move a price are flagged. The exchange's own category is kept verbatim rather than mapped onto our vocabulary, so a new one shows up unfamiliar instead of silently becoming 'other'.

This is the source a news search is not: a filing is dated, typed, keyed on the NSE symbol, and legally required. Searching news for RRKABEL the same day returned a festival marketing story twice and a two-month-old AGM notice.

Broker coverage

Context only. Nothing reads this as a gate.

A broker target is published after the move, by a firm with a relationship, and revised toward the price rather than ahead of it. A Hold with a target below the market is the useful case.