equity-service · scan of 06 October 2026

Trading Book

Generated 2026-10-06 09:27 IST

TIS setups

The four TIS scans — daily and weekly, stocks and ETFs. Runs: SWING 2026-10-05 17:30 IST; WEEKLY 2026-10-05 17:32 IST; ETF 2026-10-05 17:37 IST; ETF_WEEKLY 2026-10-05 17:37 IST

SWING — 879 scanned, 254 with a stop derived, 5 at ≥6 of 7 gates, 0 actionable, actionable plus the ≥6-gate watch rows — blocked by G3 x5, G5 x2. sizing: Rs 39,808 risk budget / Rs 494,930 deploy cap, 12 slots (t-default)

WEEKLY — 879 scanned, 186 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)

WEEKLY: nothing actionable, and nothing within one gate of it (186 names with a stop derived, none at ≥6 of 7).

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

ETF_WEEKLY — 23 scanned, 12 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 (12 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 2026-10-05 17:34 IST; REVERSAL 2026-10-05 17:36 IST

STRIKE — 879 scanned, 254 with a stop derived, 5 at ≥6 of 7 gates, 0 actionable, actionable plus the ≥6-gate watch rows — blocked by G3 x5, G5 x2. sizing: Rs 39,808 risk budget / Rs 494,930 deploy cap, 12 slots (t-default)

REVERSAL — 589 scanned, 339 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 (339 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 — Machinery-Gen Industrial x3; Electrical-Power/Equipmt x3; Apparel-Clothing Mfg x2. The themes table below groups *all* the movers, not just these.

2 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, 40 session(s) ago, grouped by industry. Two benchmarks over the same window: NIFTYBEES -8.30% and SMALLCAP -1.62%. 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. 36 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.

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.

Newest mail (2026-10-06 09:15 IST): Downtrend.

Status: On September 24, the market transitioned into a Downtrend after Nifty breached its prior low of 23,116 and extended its decline to a fresh low of 23,046, while remaining below key moving averages. Yesterday, the benchmark rebounded and closed positively, marking Day 1 of a Rally Attempt . Broader markets also displayed resilience, with Nifty Midcap and Nifty Smallcap indices ending in positive territory. However, investors should remain cautious and await a follow-through day supported by stronger volume and institutional participation before increasing exposure. During a market downtrend , capital preservation should take priority, as fresh buying carries higher risk and weaker reward potential. Avoid new positions and remember that cash is also a position until conditions improve and quality stocks form constructive breakouts. Reduce weaker holdings, protect accumulated profits and apply strict stop-losses, including the 7–8% sell rule. Meanwhile, continue researching resilient stocks and build a watchlist of potential leaders for the next uptrend. Going ahead, the market status could shift to a Rally Attempt if the Nifty closes in positive territory or ends the session in the upper half of its daily range and successfully holds that low for three consecutive sessions. A subsequent Follow-Through Day (FTD) would be essential to confirm a transition back to an Uptrend, at which point leadership stocks with strong relative strength would come into focus.

They say: The market is in a Downtrend , where the emphasis shifts decisively from capital appreciation to capital preservation. Although buying on pullbacks during a correction may appear attractive, history shows that premature entries in a weak market carry low probabilities of success. It is prudent to remain patient and allow market conditions to stabilize before committing fresh capital. Our approach in this phase is selective and cautious: Avoid new buys: Breakouts tend to fail in weak markets. Holding cash is a valid position until conditions improve. Protect capital: Exit weaker stocks, lock in prior gains, and strictly follow stop-loss rules, including the 7–8% sell discipline. Prepare for the next uptrend: Continue researching and build a watchlist of stocks showing relative strength and constructive setups. Stay informed: Track daily market updates for early signals of trend improvement. (MarketSmith's instruction, not ours — where it disagrees with the rulebook, the rulebook decides.)

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

Tuesday 6 October, written at 09:45. SRIT India and Shah Investor’s Home list today, and neither was allotted. The broker holds LIQUIDCASE and nothing else; at a 91.84x QIB book for SRIT, retail allotment was always a lottery. SRIT’s grey-market premium has run from ₹31 to ₹62, 47.7% — roughly +45% after the 2.6-point overstatement — which is the fifth time in a fortnight that an issue this page flagged for a thin institutional book has ended up in demand. The whole September cohort is now settled and the scoreboard is one-sided. Moneyview 0.25x→58.68x, SRIT 0.03x→91.84x, Shah 1.1x→28.05x, Orient Cables 8.32x→97.28x. Every single one. The rule written here on 1 October — quote the QIB book, do not forecast from it — has not been wrong once. Jio Platform is the next real decision, 21–23 October, already quoted at a ₹160 premium with no band published. It is the only name left on the board and it deserves proper work before it opens, not a GMP read on the morning. Held: nothing in equities.

Nothing was applied for and nothing was allotted this cycle, so the four reversals cost nothing in money. They cost something in method, which is the more useful loss: a number this page treated as decisive turned out to be noise until the final session closed, four times out of four, and it took the fourth before the rule was written down rather than merely noticed. The board itself is thinner than it looks. The four closed issues have dropped off the source entirely now that they have listed, so the only live row is Jio Platform in a fortnight. That is a gap worth using: the next decision is a large one and there is time to do the fundamentals properly instead of reading a grey-market quote at 08:00 on the opening morning.

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.