iList Weekly Investment Intelligence

No. 30 · Saturday, 1 August 2026

Breadth is healing. The gate is still shut.

Fifth consecutive week with no trade — and the first in which the gauges moved toward the exit of this regime rather than deeper into it. The short tail repaired sharply: 46.2% of the broad market is back above its 10-DMA against 31.4% last Saturday, the 50-DMA leg improved to 45.0%, and Swing Confidence stepped from 0/3 to 2/3 with the Momentum axis reading Positive and Improving. What did not move is the axis that matters for capital: 39.7% above the 200-EMA is still a Bear reading on the Bias gauge, and the Tranche gate stays confirmed shut on three consecutive sessions below 47%. Improvement is not permission. The system is pointing up from a low base, and it is still saying wait.

Market Regime

Patience 39.7% vs the 53% line

Bias

Bear 39.7%

Swing

Sideways

Confidence

2 / 3

Deployable

₹—

◆ Single most important action

Do nothing with capital; finish the homework instead. All five names on this week's desk — the Stage-2 pair and the three Quick-Move leaders — now carry full fundamentals dossiers, so if the Bias gate does open (53% for three consecutive sessions), the decision is already researched. Until then, watch the 10-DMA leg: it printed a 15-point repair in one week, and whether that holds above 47% or round-trips is the tell.

Market posture · % > 200-EMA (broad universe, n=2968)

39.7%

of the market above its 200-day EMA — the Bias / Tranche-2 gauge

BearNeutralBull

Bias remains Bear at 39.7%, but Momentum is Positive and Improving and both swing legs are within two points of the 47% line — the gauge is pointing up from a low base for the first time in five weeks.

DO NOTHING

regime Patience does not permit new entries; Tranche-2 gate shut (Bias Bear, 3 consecutive sessions below 47%)

✓ asm · 186✓ fno_ban · 0✓ gsm · 82✓ benchmarks · 4✓ us_breadth · 1910 2d✓ us_screen · 15✓ usdinr 95.69 2d✓ breadth 1d · 12✓ circuit_bands · 246✓ dhan✓ prices · 5331✓ signals_tv · 4154✓ fundamentals · 5✓ signals_csv · 607✓ watchlist · 730

Read this before the numbers

This run: 8 trading sessions are missing from the breadth history (2026-07-08, 2026-07-09, 2026-07-10, 2026-07-13, 2026-07-14, 2026-07-15), so gate confirmation used the contiguous tail of 8 sessions only.

What Changed Since Last Saturday

vs 2026-07-25

The short tail did the moving: 10-DMA breadth 31.4% → 46.2%, 50-DMA 43.7% → 45.0%, 200-EMA 37.9% → 39.7%, Swing Confidence 0/3 → 2/3. Two mechanical honesty notes. First: the morning build scored without the external scan pack — it read as 14 days stale — but the fetch had actually run; the reader was looking past the freshly fetched reconstructions (a search-path bug, found and fixed today). This final edition scores against the fresh 11-scan pack, every clause a labelled reconstruction, not a verified saved scan. Second: the breadth history still carries eight missing July sessions, so gate arithmetic runs on a contiguous tail of eight.

Regime

Pullback in Bear → Patience

changed

Bias

Bear → Bear

Trend

Sideways → Sideways

Swing

Downswing → Sideways

changed

Momentum

Negative + Worsening → Positive + Improving

changed

Swing confidence

0/3 → 2/3

▲ +2.0%

% > 200-EMA

37.92 → 39.69

▲ +1.8%

% > 200-SMA

39.06 → 41.14

▲ +2.1%

% > 50-DMA

43.71 → 44.98

▲ +1.3%

Stage-2 shortlist — added / dropped / carried

+ ESAFSFB+ KRISHANAE2ESPECTRUM

Quick-Move survivors — added / dropped / carried

+ ABREL+ BLUEJET+ BRIGADE+ EMIL+ EMSLIMITED+ GEMAROMA+ INDOFARM+ JPPOWER+ JTEKTINDIA+ MGLABDLADFFOODSBLUSPRINGDEEPINDSFCLPARASRAMCOSYSSCHNEIDERSIGMAADVWENDT

Funnel survivors vs last week

pool

4156 +171

stage1

1884 +79

stage2

254 +72

stage3

62 -3

stage4

34 +24

Sector rotation vs last week — biggest movers

motor vehicles+11.7%

life/health insurance+6.5%

steel+6.4%

electronic components+6.3%

home furnishings+6.1%

pharmaceuticals: major+6.1%

Market Insight

broad · 31 Jul'26 close · n=2968

Leadership is narrow and rotating underneath a flat tape. The top-RS industry groups are mostly losing 30-week participation even as they lead — Shipping/Dredging holds RS 93.9 with a fifth of its constituents dropping below the 30-week line this week — while Diamond, Gems & Jewellery is the cleaner read: RS 83.7 and breadth still being added (+6% Δ30w, +12.1% on the month). Passenger-vehicle OEMs are the strongest and fastest-improving theme basket on the third-party guidance layer; the pipeline's own top sector this week is electronic technology. The same layer's breakout scan printed zero Stage-2 breakouts on 31-Jul under the theme "quiet technical moves without fresh catalysts" — which is exactly what a 46% tape feels like. Street chatter (unverified, R11): Q1 results dominate, with the West Asia conflict cited as a near-universal Q1 drag and "recovery from Q2" the consensus management line — a crowded assumption worth remembering when those Q2 numbers actually print.

Benchmarks — the index context every relative-strength call is measured against

Nifty 50

24383.6

W +3.0%1M +2.0%3M +1.6%

2050200

7.5% off 52wH · RSI 59

Nifty 500

23460.7

W +2.9%1M +1.8%3M +3.2%

2050200

2.8% off 52wH · RSI 60

Midcap 150

23138.5

W +2.0%1M +0.9%3M +5.2%

2050200

0.4% off 52wH · RSI 49

Smallcap 250

17919.9

W +1.8%1M -0.4%3M +7.1%

2050200

1.5% off 52wH · RSI 43

Bias · % > 200-EMA

Bear

39.7% · 3 consecutive sessions below 47%

Trend · %% > 50-DMA

Sideways

45.0% · net new highs +1.3%

Swing · %% > 10-DMA

Sideways

46.2% · confidence 2/3

Momentum

Positive + Improving

— · short-EMA breadth ≥ long-EMA and breadth rising

Participation — % of the broad universe above each moving average

Tick at 50% = the bull/bear waterline. ▲▼ vs the prior session (2026-07-30).

above 10-DMA

46.2%

above 20-DMA

41.2%

above 50-DMA

45.0%

above 200-SMA

41.1%

above 200-EMA

39.7%

Swing confidence · 31 Jul'26 close

✓ 10-DMA ≥ 45%pass

✕ 20-DMA ≥ 45%fail

✓ big-move tilt AND 10-DMA rising WoWpass

Daily market moves · 31 Jul'26 close

advance/decline of the big movers

up > 3%

399

down > 3%

200

up > 4.5%

215

down > 4.5%

Sector structure — % of members above the 200-SMA

live, computed from priced scanner names

electronic technology

63.9%

health technology

60.5%

health services

56.5%

producer manufacturing

53.5%

transportation

50.0%

process industries

48.3%

consumer durables

46.5%

finance

46.2%

Universe cross-check — narrative only, never a gate

The same snapshot computes breadth on the iList itself (n=727): 54.3% above the 200-SMA and 53.0% above the 200-EMA, with 50-DMA participation at 48.8%. This is narrative only — every gate in this report reads the broad universe, because the two differ by several points and a regime that flips on which source loaded is not a regime.

III

US Cross-Market Monitor

monitoring only · deployment OFF (rules-gated) · US session 2026-07-30

Bias: Bull · 66.3% Trend: Uptrend · 60.9% Swing: Upswing · 53.7% · 5 session(s) of history · India-calibrated thresholds applied verbatim — monitoring labels, not gates.

US cross-check — monitoring only · deployment OFF (rules-gated) · US session 2026-07-30 · day 5 of series

Same gauges, same formulas, different market — the divergence data the US decision will need.

above 200-DMAUS 66.3% · India 41.1% (+25.1 pts)

above 50-DMAUS 60.9% · India 45.0% (+15.9 pts)

above 10-DMAUS 53.7% · India 46.2% (+7.5 pts)

eUS watchlistn=146 US-listed (of 187; KRX/TSE members not yet gauged) · a50 21.2% · a200 43.1%

BenchmarksIWM +0.6% wk / +5.0% 3M · QQQ -1.6% wk / +2.1% 3M · SPY +0.3% wk / +2.8% 3M

USD/INR (ECB fix)₹95.69 (2026-07-30) · -0.9% since 2026-07-24

LRS friction20% TCS above ₹10L/FY (adjustable credit) · verified 2026-07-25

Symbol	Sector	Close $	3M%	RS vs SPY	off 52wH	RSI	ROE%	Rev G%	D/E	P/E	Mcap $B	$Vol M
LQDA scout	Health Technology	84.11	+114.5%	+110.9%	7.7%	57	28.2	1936.7	1.70	594.0	7.5	168
CDNA scout	Health Technology	43.71	+108.4%	+104.9%	2.9%	77	29.5	34.4	0.05	21.1	2.3	52
FTNT scout	Technology Services	161.95	+88.1%	+84.5%	4.9%	60	117.4	18.8	0.32	57.1	118.8	984
PBF scout	Energy Minerals	72.28	+67.2%	+63.6%	3.3%	75	23.5	13.5	0.39	6.4	8.6	232
LTH scout	Consumer Services	45.10	+66.7%	+63.2%	4.5%	69	13.4	12.7	1.29	24.7	10.1	143
GEO scout	Commercial Services	30.89	+65.5%	+62.0%	4.2%	60	19.2	12.7	1.11	15.7	4.1	59
QLYS ✓	Technology Services	144.75	+64.5%	+60.9%	13.8%	55	37.7	10.2	0.09	26.0	5.1	119
TGTX scout	Health Technology	52.03	+53.7%	+50.1%	12.3%	45	112.6	81.3	1.29	18.1	8.0	134
CHEF scout	Distribution Services	115.35	+46.7%	+43.2%	0.3%	79	15.3	11.2	1.46	54.8	4.7	72
SN scout	Consumer Durables	161.77	+39.8%	+36.2%	1.6%	68	29.4	15.9	0.31	32.6	22.9	251
KNSA scout	Health Technology	74.34	+38.2%	+34.7%	10.4%	64	14.0	58.9	0.01	75.6	5.8	76
DINO scout	Energy Minerals	91.47	+37.1%	+33.5%	2.9%	70	19.4	16.3	0.32	8.7	16.3	259
DXCM scout	Health Technology	83.45	+36.8%	+33.3%	1.5%	69	38.5	15.5	0.53	32.9	31.5	414
IMAX scout	Consumer Durables	47.84	+34.7%	+31.1%	1.8%	71	12.1	14.8	0.79	65.5	2.6	69
HEI scout	Electronic Technology	356.36	+31.1%	+27.5%	3.6%	58	18.1	18.8	0.54	63.6	41.4	163

Legend — ✓ already on the eUS watchlist · scout queued for the eUS scout list (syncs into its SCOUTED NAMES section)

Fundamentals filter dropped: 39 off-highs · 154 ROE · 60 revenue-growth · 26 leverage · 0 no-earnings · 3 liquidity. SPY 3M +3.6%. Monitoring output — nothing here is sized or recommended.

Scout lists — the system's finds, queued for the watchlists

Off-list Quick-Move survivors → iList's SCOUTED NAMES section; US screen names → eUS. The ledger self-trues by reading the live lists: presence in SCOUTS = synced, presence in ###STOCKS = promoted (the one human gesture — the engine never feeds its own input universe). Scouts absent 4 straight weeks self-prune.

iList scouts (India off-list)9 tracked · +0 this week · −1 pruned · pending sync: INDOFARM

eUS scouts (US screen)14 tracked · +0 this week · −0 pruned · pending sync: none

The System’s Market Read

market → read

For the swing trader

Two of three confidence legs are lit and momentum is improving, but the regime is Watch Only: build the list, set the alerts, take no positions. The one-week repair is unconfirmed until the swing legs hold above 47%.

For the position investor

Nothing to do but stay in cash and stay ready. The two-tranche protocol is explicit: no Tranche-1 until the regime permits entries, no Tranche-2 until 200-EMA breadth holds 53% for three straight sessions. The dossier work is done precisely so that patience here converts to speed later.

VII

The Stage-2 Watchlist

632 names · live filterable

631 scored rows, 102 clearing every hard gate, and a shortlist capped at two: ESAFSFB and KRISHANA. Both charts earned their place; both fundamentals files carry loud footnotes. ESAF is a genuine asset-quality turnaround (net NPA 3.83% → 0.83% in three quarters) whose reported profit still leans on other income while core financing profit stays negative. Krishana compounds sales at ~96% with promoter buying — funded, for now, by debt and a 126-day cash cycle rather than by its own operating cash. The strips and linked dossiers carry the detail.

Score 5 / 5

full alignment

Score ≥ 4

187

structurally eligible

RS ≥ 70 vs NIFTY500

245

outperforming the index

HMS 3/3

221

above EMA20+SMA50+SMA200 · 163 at 0/3 eliminated

Symbol	Sector	S2	Brk-Q	RS	Scn	PP	HMS	Close	Day%	Wk%	1M%	3M%	RSI	RVol	off52wH	ADR%	Turn₹cr

Symbol	Sector	S2	Brk-Q	RS	Scn	PP	HMS	Close	Day%	Wk%	3M%	RSI	off52wH	ADR%	Turn₹cr
ESAFSFB	Finance	5	High	96	7	✓	3	42.05	15.27	17.56	63.62	72.37	2.21	5.63	16.6
KRISHANA	Process Industries	5	High	94	6	✓	3	182.95	1.61	19.19	51.12	76.99	5.65	5.16	41.7
FREDUN	Health Technology	5	High	92	6	✓	3	992.5	4.59	10.89	43.49	64.9	0.65	5.13	3.4
BAJFINANCE	Finance	5	High	80	6	✓	3	1141.2	8.32	11.09	20.76	73.88	0.89	2.63	1160.3
BALKRISIND	Consumer Durables	5	High	72	6	✓	3	2473.5	7.22	23.55	12.44	73.11	10.86	3.44	96.5
NETWEB	Electronic Technology	5	Medium	71	6	✓	3	4524	7.84	7.67	11.87	55.54	13.73	4.36	529.3
IMFA	Non-Energy Minerals	5	Medium	25	6	✓	3	1448.6	4.77	8.92	-11.94	60.68	13.77	3.86	16.1
SWANDEF	Producer Manufacturing	5	High	89	5	✓	2	2473.7	1.59	1.17	35.55	67.22	1.05	4.18	5.1
ABCAPITAL	Finance	5	High	77	5	✓	3	404.3	2.6	3.67	16.85	56.25	2.11	2.68	183
SCHNEIDER	Producer Manufacturing	5	Medium	74	5	✓	3	1355.3	4.38	1.15	14.87	51.54	12.45	4.67	59.4
BAJAJFINSV	Finance	5	High	74	5	✓	3	2029.1	6.27	7.99	14.17	71.8	7.56	2.26	274
CENTURYPLY	Producer Manufacturing	5	High	46	5	✓	3	799.5	0.72	2.84	-2.51	59.57	6.93	2.85	5.5
COSMICCRF	Non-Energy Minerals	5	High	98	4	✓	3	1429.05	5.08	16.94	90.54	67.8	3.12	4.2	1.2
EFFWA	Industrial Services	5	Medium	93	4	✓	3	371.05	2.84	0.26	50.22	54.11	7.23	4.73	0.7
KDDL	Consumer Durables	5	Medium	90	4	✓	3	3302	3.45	6.72	37.76	62	3.34	3.55	10.5
THEJO	Distribution Services	5	High	77	4	✓	3	2108.7	10.95	13.37	17.34	74.3	11.95	3.72	2.2
OBSCP	Producer Manufacturing	5	High	98	3	✓	3	657.6	10.68	14.38	80.66	62.54	4.28	5.64	3.9
REDINGTON	Distribution Services	5	High	94	3	✓	3	321.65	3.44	23.19	51.01	76.13	4.98	4.17	190.4
PAUSHAKLTD	Process Industries	5	High	89	3	✓	2	629.7	4.08	15.9	34.02	73.77	8.47	5.13	3
INDGN	Health Technology	5	Low	64	3	✓	3	515.15	0.09	5.78	7.08	53.85	13.68	3.27	12.1
TMCV	Consumer Durables	5	Medium	61	3	✓	2	436.8	5.27	8.39	4.87	63.72	14.18	2.83	345.2
ARE&M	Producer Manufacturing	5	Low	57	3	✓	3	910.45	0.4	3.93	2.76	60.7	13.93	2.73	71.7
AARTIIND	Process Industries	5	Medium	47	3	✓	3	489.1	1.85	2.97	-2.18	53.33	6.5	3.41	55.2
KIRLOSIND	Non-Energy Minerals	5	Unconfirmed	79	2	✓	3	3940.8	4.83	6.51	18.7	57.09	13.86	3.47	15.7
ETL	—	5	Low	66	2	✓	3	1005	2.55	0.5	8.06	51.14	8.64	4.08	0.1
ULTRAMAR	Process Industries	5	Low	37	2	✓	2	387.25	3.61	1.11	-6.42	53.95	12.58	3.2	1
AUTOAXLES	Producer Manufacturing	5	Unconfirmed	42	1	✓	2	1801.2	0.05	-0.71	-4.43	51.5	14.84	2.29	1.3
RKFORGE	Producer Manufacturing	4	High	68	7	—	3	651.15	3.95	11.69	9.62	69.43	0.53	3.19	112.4
AEGISLOG	Distribution Services	4	High	98	6	—	3	1280.8	2.52	-5.82	82.97	54.42	10.71	5.7	317.6
MBAPL	Process Industries	4	High	94	6	—	3	160.2	-3.41	9.73	51.7	68.42	4.61	5	30.5
PAISALO	Finance	4	High	94	6	—	3	71.2	0.2	-0.84	51.3	59.52	8	4.19	138.1
PPARIVAH	Transportation	4	High	92	6	—	3	228.85	0.2	4.02	44.84	67.27	1.99	3.98	0.8
CONFIPET	Retail Trade	4	High	91	6	—	3	79.66	1.78	7.07	40.35	59.85	4.02	5.11	26
SANSERA	Producer Manufacturing	4	High	87	6	—	3	3346.9	3.45	6.32	31.46	61.75	3.2	3.5	97
WELCORP	Producer Manufacturing	4	High	87	6	—	3	1650.6	-0.27	3.37	30.8	59.95	2.91	3.26	204.3
NYKAA	Retail Trade	4	High	83	6	—	3	333.4	-0.1	3.12	24.88	67.8	1.36	2.21	246.3
TVSMOTOR	Consumer Durables	4	High	83	6	✓	3	4313.1	2.49	11.17	24.58	80.59	0.28	2.45	591.8
SAILIFE	Commercial Services	4	High	83	6	—	3	1315.1	-0.01	7.32	24.18	63.07	1.71	2.72	56.4
DEEPINDS	Industrial Services	4	High	82	6	✓	3	596.9	8.76	29.76	22.32	78.94	0.5	4.59	28.1
TITAN	Consumer Durables	4	High	69	6	—	3	4875.2	0.52	5.87	9.85	77.58	0.22	1.58	424.5
DIACABS	Producer Manufacturing	4	High	99	5	—	3	323.97	-1.38	21.79	102.35	77.85	5.27	5.56	267.4
SPECTRUM	Electronic Technology	4	High	99	5	—	3	2363	-3.16	0.77	102.31	66.77	4.66	5.96	16.5
RAIN	Process Industries	4	High	97	5	—	3	222.95	0.58	1.25	69.54	61.4	2.21	4.07	103
UNIVCABLES	Electronic Technology	4	High	96	5	—	3	1358.4	2.04	14.15	63.66	68.06	2.34	4.76	22.5
RRKABEL	Producer Manufacturing	4	High	95	5	—	3	2602.8	1.58	9.37	60.86	66.99	6.21	4.34	198.4
OPTIEMUS	Distribution Services	4	High	94	5	—	3	637.65	3.04	5.15	51.82	74.89	10.57	3.87	21.5
SMLMAH	Consumer Durables	4	High	94	5	✓	3	5685.6	3.77	45.66	50.41	80.83	5.05	5.05	110.2
THYROCARE	Health Services	4	High	92	5	—	3	579	-2.1	3.39	43.32	59.5	6.23	4.26	53.5
NGLFINE	Health Technology	4	High	92	5	—	3	3260.3	-0.6	3.78	43.13	58.11	2.65	4.61	3.1
SJS	Producer Manufacturing	4	High	91	5	—	3	2391.7	1.39	4.21	40.03	69.24	1.98	3.12	20.8
YASHHV	Producer Manufacturing	4	High	90	5	—	3	924	0.43	3.82	37.93	54.34	8.4	4.68	11.3
KMEW	Producer Manufacturing	4	High	90	5	—	3	2463.3	-2.6	6.59	37.23	55.42	10	5.3	34.5
RAPICUT	Non-Energy Minerals	4	High	88	5	—	3	247	2.24	-1.61	32.76	56.83	8.94	5.65	0.3
INDOTECH	Producer Manufacturing	4	High	86	5	—	3	3453.8	1.95	4.98	29.36	61.93	4.03	4.99	11.6
UJJIVANSFB	Finance	4	High	85	5	—	3	71.75	2.02	0.35	26.43	71.54	2.1	3.78	175.5
MANAPPURAM	Finance	4	High	84	5	—	3	371.85	0.95	7.33	25.63	72.15	2.54	2.85	157.9
CONCORDBIO	Commercial Services	4	High	83	5	✓	3	1420.8	6.83	12.01	24.63	68.63	21.15	3.4	19.5
EXIDEIND	Producer Manufacturing	4	High	83	5	—	3	449.8	-0.64	3.39	24.25	64.86	2.51	3.29	270.8
HYUNDAI	Consumer Durables	4	High	80	5	✓	3	2180.7	8.05	11.84	20.12	73.18	24.54	2.74	171
LLOYDSME	Non-Energy Minerals	4	High	74	5	—	3	2047	1.58	6.61	14.87	67.26	2.52	3.32	117.9

Showing the first 60 rows — enable JavaScript for search, sorting and CSV export.

Legend — off-list not on the iList watchlist — context only · ✓ condition met · — not met / no data

VIII

Quick-Move Trade Finder

watch-only — Watch Only — no new capital

The funnel ran 4,154 → 1,884 → 254 → 62 → 34, with 14 presentable and GEMAROMA the best structure at net R:R 10.61. Read that number next to its dossier: FY26 sales fell 25%, ROCE is 9.1%, and management declined to guide FY27. The week's chart leaders are, fundamentally, its weakest businesses — a useful reminder of what the Quick-Move lane is (structure rental under strict stops, when the regime permits) and what it is not. The third-party daily scans (two pulls this trailing week) fired none of this week's names; that is colour only — absence there is never a demerit.

4156

Pool · iList + off-list

1884

① ≤10% > EMA20 · above SMA50

254

② pattern + pocket-pivot

③ ≥₹8cr/day · ADR ≥3% · band

④ vol-anchored stop · risk ≤3% of capital · net RR ≥1.5

GEMAROMA WATCH ONLY moderate · ADR 4.9% off-list

Process Industries · Unconfirmed breakout-Q · 2 scanners · ₹16cr/day

The funnel's best structure this week (net R:R 10.61) — and its weakest business: FY26 sales −25%, ROCE 9.1%, P/E 37.5, and management declined to guide FY27 while reaffirming a FY28 target that implies near-tripling revenue in two years. If it ever triggers under an open regime, it is a rented chart under a tight stop, never a conviction holding. Dossier first.

Structure is sound; the market gate is what holds it back. This is the shopping list, not a buy.

Ref entry

₹191.60

Stop · SMA50

₹176.75

Target

₹349.60

Risk / net RR7.75% · 10.61:1

Gross RR (pre-cost)10.64:1

⚠ RR above 5tight coil vs a far target — 'cheap to test', not expected value

Fundamentals · screener.in · 2026-08-01 · full dossier →

ROCE 9.1%ROE 7.0%3Y sales -3.5%3Y PAT -12.3%OPM 11.0%D/E 0.2P/E 37.5Promoter 57.4%peer P/E 30.4

Recently listed specialty-aromatics maker whose P&L is going the wrong way - FY26 sales fell 25% and PAT 53% - while the reaffirmed FY28 guidance (Rs.1,050-1,100cr revenue, 16-18% EBITDA margin) asks you to believe a near-tripling in two years; management declined to guide FY27 at all.

✓ Post-IPO balance sheet nearly degeared: D/E 0.19, FY26 CFO +Rs.95cr

✓ Niche mint/clove-derivative franchise, ~70 products into oral care, pharma and personal care

✓ Promoter stake rising post-listing: 55.1% -> 57.4%

⚑ 3y sales CAGR -3.5%, PAT CAGR -12.3%; latest reported quarter (Mar-26) sales -44.5% yoy

⚑ ROCE 9.1% / ROE 7% - below any cost of capital; P/E 37.5 for a shrinking P&L

⚑ 269-day cash-conversion cycle (inventory alone 232 days); FY27 guidance withheld citing geopolitical uncertainty (third-party corpus)

BRIGADE WATCH ONLY slow · ADR 3.2% off-list

Finance · Medium breakout-Q · 2 scanners · ₹45cr/day

The story is the FY27 pre-sales aim of ₹9,000cr, +20% on FY26's ₹7,424cr (third-party guidance layer: upgraded, management record mixed). The reported numbers show the cost of that ambition: operating margin halved to 12%, FY26 operating cash flow −₹713cr with borrowings up ₹1,476cr, and other income at 70% of PBT. The chart survived the funnel; the business case rests on pre-sales the standalone P&L doesn't yet show.

Structure is sound; the market gate is what holds it back. This is the shopping list, not a buy.

Ref entry

₹580.20

Stop · EMA20

₹547.06

Target

₹802.01

Risk / net RR5.71% · 6.65:1

Gross RR (pre-cost)6.69:1

⚠ RR above 5tight coil vs a far target — 'cheap to test', not expected value

Fundamentals · screener.in · 2026-08-01 · full dossier →

ROCE 5.8%ROE 4.5%3Y sales 5.9%3Y PAT -10.4%OPM 12.0%D/E 0.5P/E 67.4Promoter 41.1%

South-India developer where screener's lens shows the strain of the cycle bet: FY26 OPM halved to 12%, CFO -Rs.713cr with borrowings up Rs.1,476cr, and other income was 70% of PBT - the FY27 pre-sales aim of Rs.9,000cr (third-party corpus: guidance upgraded, management record mixed) is the bull case, not the run-rate.

✓ Top-10 listed developer by market cap; FY26 sales +24% to Rs.2,624cr

✓ Moderate leverage for realty: D/E 0.48 on Rs.6,344cr net worth

✓ FY27 pre-sales guided to Rs.9,000cr, +20% over FY26's Rs.7,424cr (third-party guidance layer)

⚑ ROE 4.5% against P/E 67 - the price assumes a step-change the reported numbers don't yet show

⚑ FY26 CFO -Rs.713cr; borrowings 1,588 -> 3,064cr - this leg of the cycle is debt-funded

⚑ Other income Rs.259cr vs PBT Rs.368cr (70%) - operating earnings are thinner than reported PAT; FII holding falling six straight quarters (20.2% -> 15.6%), promoter steady at 41.1%

INDOFARM WATCH ONLY moderate · ADR 5.0% VERIFY BAND off-list

Producer Manufacturing · High breakout-Q · 2 scanners · ₹12cr/day

Structure is sound; the market gate is what holds it back. This is the shopping list, not a buy.

⚠ VERIFY FIRST: circuit band unverified — confirm the upper/lower limits on the terminal before any order; a 5%/2% band disqualifies it

Ref entry

₹161.22

Stop · SMA50

₹144.20

Target

₹271.69

Risk / net RR10.56% · 6.47:1

Gross RR (pre-cost)6.49:1

⚠ RR above 5tight coil vs a far target — 'cheap to test', not expected value

Symbol	Sector	Brk-Q	Pace	ADR%	Turn₹cr	Band	ΔEMA20%	Entry	SL	Risk%	Target	RR net	RR gross

Symbol	Sector	S2	Brk-Q	RS	Scn	PP	HMS	Close	Day%	Wk%	3M%	RSI	off52wH	ADR%	Turn₹cr
ESAFSFB	Finance	5	High	96	7	✓	3	42.05	15.27	17.56	63.62	72.37	2.21	5.63	16.6
KRISHANA	Process Industries	5	High	94	6	✓	3	182.95	1.61	19.19	51.12	76.99	5.65	5.16	41.7
FREDUN	Health Technology	5	High	92	6	✓	3	992.5	4.59	10.89	43.49	64.9	0.65	5.13	3.4
BAJFINANCE	Finance	5	High	80	6	✓	3	1141.2	8.32	11.09	20.76	73.88	0.89	2.63	1160.3
BALKRISIND	Consumer Durables	5	High	72	6	✓	3	2473.5	7.22	23.55	12.44	73.11	10.86	3.44	96.5
NETWEB	Electronic Technology	5	Medium	71	6	✓	3	4524	7.84	7.67	11.87	55.54	13.73	4.36	529.3
IMFA	Non-Energy Minerals	5	Medium	25	6	✓	3	1448.6	4.77	8.92	-11.94	60.68	13.77	3.86	16.1
SWANDEF	Producer Manufacturing	5	High	89	5	✓	2	2473.7	1.59	1.17	35.55	67.22	1.05	4.18	5.1
ABCAPITAL	Finance	5	High	77	5	✓	3	404.3	2.6	3.67	16.85	56.25	2.11	2.68	183
SCHNEIDER	Producer Manufacturing	5	Medium	74	5	✓	3	1355.3	4.38	1.15	14.87	51.54	12.45	4.67	59.4
BAJAJFINSV	Finance	5	High	74	5	✓	3	2029.1	6.27	7.99	14.17	71.8	7.56	2.26	274
CENTURYPLY	Producer Manufacturing	5	High	46	5	✓	3	799.5	0.72	2.84	-2.51	59.57	6.93	2.85	5.5
COSMICCRF	Non-Energy Minerals	5	High	98	4	✓	3	1429.05	5.08	16.94	90.54	67.8	3.12	4.2	1.2
EFFWA	Industrial Services	5	Medium	93	4	✓	3	371.05	2.84	0.26	50.22	54.11	7.23	4.73	0.7
KDDL	Consumer Durables	5	Medium	90	4	✓	3	3302	3.45	6.72	37.76	62	3.34	3.55	10.5
THEJO	Distribution Services	5	High	77	4	✓	3	2108.7	10.95	13.37	17.34	74.3	11.95	3.72	2.2
OBSCP	Producer Manufacturing	5	High	98	3	✓	3	657.6	10.68	14.38	80.66	62.54	4.28	5.64	3.9
REDINGTON	Distribution Services	5	High	94	3	✓	3	321.65	3.44	23.19	51.01	76.13	4.98	4.17	190.4
PAUSHAKLTD	Process Industries	5	High	89	3	✓	2	629.7	4.08	15.9	34.02	73.77	8.47	5.13	3
INDGN	Health Technology	5	Low	64	3	✓	3	515.15	0.09	5.78	7.08	53.85	13.68	3.27	12.1
TMCV	Consumer Durables	5	Medium	61	3	✓	2	436.8	5.27	8.39	4.87	63.72	14.18	2.83	345.2
ARE&M	Producer Manufacturing	5	Low	57	3	✓	3	910.45	0.4	3.93	2.76	60.7	13.93	2.73	71.7
AARTIIND	Process Industries	5	Medium	47	3	✓	3	489.1	1.85	2.97	-2.18	53.33	6.5	3.41	55.2
KIRLOSIND	Non-Energy Minerals	5	Unconfirmed	79	2	✓	3	3940.8	4.83	6.51	18.7	57.09	13.86	3.47	15.7
ETL	—	5	Low	66	2	✓	3	1005	2.55	0.5	8.06	51.14	8.64	4.08	0.1
ULTRAMAR	Process Industries	5	Low	37	2	✓	2	387.25	3.61	1.11	-6.42	53.95	12.58	3.2	1
AUTOAXLES	Producer Manufacturing	5	Unconfirmed	42	1	✓	2	1801.2	0.05	-0.71	-4.43	51.5	14.84	2.29	1.3
RKFORGE	Producer Manufacturing	4	High	68	7	—	3	651.15	3.95	11.69	9.62	69.43	0.53	3.19	112.4
AEGISLOG	Distribution Services	4	High	98	6	—	3	1280.8	2.52	-5.82	82.97	54.42	10.71	5.7	317.6
MBAPL	Process Industries	4	High	94	6	—	3	160.2	-3.41	9.73	51.7	68.42	4.61	5	30.5
PAISALO	Finance	4	High	94	6	—	3	71.2	0.2	-0.84	51.3	59.52	8	4.19	138.1
PPARIVAH	Transportation	4	High	92	6	—	3	228.85	0.2	4.02	44.84	67.27	1.99	3.98	0.8
CONFIPET	Retail Trade	4	High	91	6	—	3	79.66	1.78	7.07	40.35	59.85	4.02	5.11	26
SANSERA	Producer Manufacturing	4	High	87	6	—	3	3346.9	3.45	6.32	31.46	61.75	3.2	3.5	97
WELCORP	Producer Manufacturing	4	High	87	6	—	3	1650.6	-0.27	3.37	30.8	59.95	2.91	3.26	204.3
NYKAA	Retail Trade	4	High	83	6	—	3	333.4	-0.1	3.12	24.88	67.8	1.36	2.21	246.3
TVSMOTOR	Consumer Durables	4	High	83	6	✓	3	4313.1	2.49	11.17	24.58	80.59	0.28	2.45	591.8
SAILIFE	Commercial Services	4	High	83	6	—	3	1315.1	-0.01	7.32	24.18	63.07	1.71	2.72	56.4
DEEPINDS	Industrial Services	4	High	82	6	✓	3	596.9	8.76	29.76	22.32	78.94	0.5	4.59	28.1
TITAN	Consumer Durables	4	High	69	6	—	3	4875.2	0.52	5.87	9.85	77.58	0.22	1.58	424.5
DIACABS	Producer Manufacturing	4	High	99	5	—	3	323.97	-1.38	21.79	102.35	77.85	5.27	5.56	267.4
SPECTRUM	Electronic Technology	4	High	99	5	—	3	2363	-3.16	0.77	102.31	66.77	4.66	5.96	16.5
RAIN	Process Industries	4	High	97	5	—	3	222.95	0.58	1.25	69.54	61.4	2.21	4.07	103
UNIVCABLES	Electronic Technology	4	High	96	5	—	3	1358.4	2.04	14.15	63.66	68.06	2.34	4.76	22.5
RRKABEL	Producer Manufacturing	4	High	95	5	—	3	2602.8	1.58	9.37	60.86	66.99	6.21	4.34	198.4
OPTIEMUS	Distribution Services	4	High	94	5	—	3	637.65	3.04	5.15	51.82	74.89	10.57	3.87	21.5
SMLMAH	Consumer Durables	4	High	94	5	✓	3	5685.6	3.77	45.66	50.41	80.83	5.05	5.05	110.2
THYROCARE	Health Services	4	High	92	5	—	3	579	-2.1	3.39	43.32	59.5	6.23	4.26	53.5
NGLFINE	Health Technology	4	High	92	5	—	3	3260.3	-0.6	3.78	43.13	58.11	2.65	4.61	3.1
SJS	Producer Manufacturing	4	High	91	5	—	3	2391.7	1.39	4.21	40.03	69.24	1.98	3.12	20.8
YASHHV	Producer Manufacturing	4	High	90	5	—	3	924	0.43	3.82	37.93	54.34	8.4	4.68	11.3
KMEW	Producer Manufacturing	4	High	90	5	—	3	2463.3	-2.6	6.59	37.23	55.42	10	5.3	34.5
RAPICUT	Non-Energy Minerals	4	High	88	5	—	3	247	2.24	-1.61	32.76	56.83	8.94	5.65	0.3
INDOTECH	Producer Manufacturing	4	High	86	5	—	3	3453.8	1.95	4.98	29.36	61.93	4.03	4.99	11.6
UJJIVANSFB	Finance	4	High	85	5	—	3	71.75	2.02	0.35	26.43	71.54	2.1	3.78	175.5
MANAPPURAM	Finance	4	High	84	5	—	3	371.85	0.95	7.33	25.63	72.15	2.54	2.85	157.9
CONCORDBIO	Commercial Services	4	High	83	5	✓	3	1420.8	6.83	12.01	24.63	68.63	21.15	3.4	19.5
EXIDEIND	Producer Manufacturing	4	High	83	5	—	3	449.8	-0.64	3.39	24.25	64.86	2.51	3.29	270.8
HYUNDAI	Consumer Durables	4	High	80	5	✓	3	2180.7	8.05	11.84	20.12	73.18	24.54	2.74	171
LLOYDSME	Non-Energy Minerals	4	High	74	5	—	3	2047	1.58	6.61	14.87	67.26	2.52	3.32	117.9

Showing the first 15 rows — enable JavaScript for search, sorting and CSV export.

Legend — watch a hard gate blocks recommendation — hover the badge for the reason · verify band circuit band unverified — check it before any order · ? band value unverified · off-list not on the iList watchlist

Honest read

Every name here is watch-only this week — regime Patience does not permit new entries; Tranche-2 gate shut (Bias Bear, 3 consecutive sessions below 47%). RR above 5:1 on GEMAROMA, THOMASCOOK, BRIGADE, INDOFARM, EMSLIMITED is a property of a tight coil against a distant target — read it as "cheap to test", not as expected value. 2 row(s) carry an unverified gate input (circuit band) and therefore cannot be recommended — they appear greyed, as structure watchers only. Verify the band on the terminal before any order.

The Shortlist, Name by Name

Watch Only — no new capital · max 2

Under a shut gate these are watch-plans, not entries. Every name below now has a full dossier on file — the point of researching them this week is to make next week's decision boring.

ESAFSFB 5 High WATCH ONLY

Finance · Day +15.3% · Wk +17.6% · 1M +25.5% · 3M +63.6% · RS 96 · ADR 5.6% · ₹17cr/day

Setup. Top Stage-2 score in the week's shortlist; the turnaround is real where it matters first — net NPA 3.83% → 0.83% and three straight profitable quarters after six of losses. Watch plan. The P&L crossed zero on other income while core financing profit stayed negative; what upgrades this from chart-repair to business-repair is a quarter of positive core financing profit. No action while the regime forbids entries; if the gate opens, size by the risk ladder like any other name — a turnaround gets no sympathy sizing. Invalidation. Asset-quality re-inflection (NPA turning back up) or a loss quarter kills the thesis regardless of the chart.

₹42.05

off 52wH

2.2%

RSI

Confirming scannersBreakout, CCI-D-100, CCI-W-100, DT, MMT, Minervini, PotBreak

Fundamentals · screener.in · 2026-08-01 · full dossier →

ROCE 5.7%ROE -8.9%3Y sales 7.4%D/E 1.5Promoter 63.2%

Turnaround small-finance bank: three straight profitable quarters (Jun-26 PAT Rs.80cr) and net NPA down to 0.83%, but core financing profit is still negative - the quarter crossed zero on Rs.248cr of other income, and FY26 closed at a Rs.166cr loss.

✓ Asset-quality repair is real: GNPA 8.54% -> 5.4%, NNPA 3.83% -> 0.83% over three quarters

✓ Three consecutive profitable quarters after six loss-making ones; Q1FY27 PAT Rs.80cr, revenue +32.5% yoy

✓ Deposits still growing (Rs.23,276cr -> 25,850cr in FY26); promoter steady at 63.3%

⚑ Core financing profit still NEGATIVE (Jun-26 -Rs.141cr); reported PAT rests on Rs.248cr other income

⚑ FY25 -Rs.521cr, FY26 -Rs.166cr; ROE -8.9% - book value shrank two years running

⚑ Price Rs.42 vs 52w band 19.7-43: the recovery is mostly priced; FII holding just 0.31%; no quantitative management guidance on record (third-party corpus)

KRISHANA 5 High WATCH ONLY

Process Industries · Day +1.6% · Wk +19.2% · 1M +32.8% · 3M +51.1% · RS 94 · ADR 5.2% · ₹42cr/day

Setup. Shortlist #2: ~96% three-year sales CAGR, ROCE 27%, promoter stake up from 66.2% to 72.9%, and Q1 FY27 still running +34.6% with margin back at 17%. Watch plan. The missing piece is cash: FY26 operating cash flow was −₹191cr against ₹180cr of profit, with borrowings nearly doubled. The thesis strengthens the day collections catch up with the P&L. No action under the shut gate. Invalidation. Margin falling out of the guided 14–15% band, or another year of profit-without-cash on rising debt.

₹182.95

off 52wH

5.7%

RSI

Confirming scannersBreakout, CCI-D-100, CCI-W-100, DT, MMT, Minervini

Fundamentals · screener.in · 2026-08-01 · full dossier →

ROCE 27.2%ROE 38.2%3Y sales 95.6%3Y PAT 88.2%OPM 12.0%D/E 1.3P/E 28.8Promoter 72.9%peer P/E 14.7

Integrated phosphatic-fertiliser scale-up earning real operating profit - but the growth is debt-and-working-capital hungry: FY26 CFO was -Rs.191cr against PAT of Rs.180cr, with borrowings nearly doubling to Rs.733cr.

✓ 3y sales CAGR ~96%, PAT CAGR ~88%, with ROCE 27% / ROE 38%

✓ Promoter stake RISING: 66.2% -> 72.9% over three years

✓ Q1FY27 momentum intact: revenue Rs.532cr +34.6% yoy, OPM back to 17%; FY26 revenue guidance (Rs.1,500+cr) delivered well above (third-party corpus: maintained, management consistent)

⚑ FY26 CFO -Rs.191cr while PAT was +Rs.180cr - profit not yet converting to cash; borrowings 376 -> 733cr

⚑ Margins thinned 16% -> 12% across the scale-up; debtor days 108, cash-conversion cycle 126 days

⚑ P/E 28.8 vs fertiliser peer median 14.7 - priced as the group's outlier; third-party scenario confidence LOW (inputs extreme), so no target is quotable

Names held back, and by what

Symbol	Sector	S2	RS	Gate	Why
COSMICCRF	Non-Energy Minerals	5	98	Liquidity	turnover ₹1.2cr < ₹8cr gate
OBSCP	Producer Manufacturing	5	98	Liquidity ASM	turnover ₹3.9cr < ₹8cr gate; Stage I
EFFWA	Industrial Services	5	93	Liquidity	turnover ₹0.7cr < ₹8cr gate
FREDUN	Health Technology	5	92	Liquidity	turnover ₹3.4cr < ₹8cr gate
KDDL	Consumer Durables	5	90	Earnings	results 2026-08-04 — inside the 3-session blackout
SWANDEF	Producer Manufacturing	5	89	Liquidity	turnover ₹5.1cr < ₹8cr gate
PAUSHAKLTD	Process Industries	5	89	Liquidity	turnover ₹3.0cr < ₹8cr gate
KIRLOSIND	Non-Energy Minerals	5	79	Other	no scanner confirmation
THEJO	Distribution Services	5	77	Liquidity	turnover ₹2.2cr < ₹8cr gate
ETL		5	66	Liquidity Rel. strength	turnover ₹0.1cr < ₹8cr gate; RS 66 < 70 percentile
INDGN	Health Technology	5	64	Rel. strength	RS 64 < 70 percentile
TMCV	Consumer Durables	5	61	Rel. strength	RS 61 < 70 percentile
ARE&M	Producer Manufacturing	5	57	Rel. strength	RS 57 < 70 percentile
AARTIIND	Process Industries	5	47	Rel. strength	RS 47 < 70 percentile

Showing the 14 highest-scoring of 120 gated names — the full set is filterable in §VI.

Last Issue’s Theses, Reviewed

auto-carried from 2026-07-25 · never freeze a thesis

The 5 picks tracked in the 2026-07-25 issue, marked to 31 Jul'26 close prices under the standing verdict rules.

SPECTRUM Intact · 🖥️ tracked (near highs)

+3.6% since pick · wk +0.8% · 3M +102.3% · RSI 67 · 4.7% off 52wH

Thesis. WATCH-ONLY (gate shut): Stage-2 5/5, High breakout-Q, 6 scanners, RS 98 (Electronic Technology).

E2E Developing · 🖥️ still tracked

+0.1% since pick · wk +1.6% · 3M +73.6% · RSI 66 · 8.9% off 52wH

Thesis. WATCH-ONLY (gate shut): Stage-2 5/5, High breakout-Q, 7 scanners, RS 97 (Technology Services).

WENDT Developing · 🖥️ still tracked

+1.6% since pick · wk +10.5% · 3M +17.4% · RSI 61 · 22.5% off 52wH

Thesis. WATCH-ONLY (gate shut): Quick-Move moderate (ADR 3.5%): E 8074.50 / SL 7398.71 (SMA50) / T 10585.00, risk 8.37% net RR 3.69.

SCHNEIDER Developing · 🖥️ still tracked

+0.2% since pick · wk +1.1% · 3M +14.9% · RSI 52 · 12.4% off 52wH

Thesis. WATCH-ONLY (gate shut): Quick-Move moderate (ADR 4.6%): E 1352.60 / SL 1256.78 (1M low) / T 1548.00, risk 7.08% net RR 2.01.

ABDL Developing · 🖥️ still tracked

-0.2% since pick · wk +5.9% · 3M +11.6% · RSI 47 · 12.9% off 52wH

Thesis. WATCH-ONLY (gate shut): Quick-Move moderate (ADR 3.9%): E 620.75 / SL 577.10 (1M low) / T 711.70, risk 7.03% net RR 2.05.

Cumulative scorecard — every pick ever tracked

The only question that matters: is this system working?

picks tracked

46%

hit rate

+2.4%

avg return

0.33

avg R

-0.2%

worst pick

paper (no capital)

Scoreboard — the honest version

The ledger tracks 12 picks with a hit rate of 86 and an average move of +4.4% — a paper record earned entirely inside the gates, which is the only kind worth keeping.

Granular Insights

rotation · watch · risk

Industry rotation — avg week%% among Stage-2 names (n ≥ 3 per bucket)

60 industry buckets qualified this week

motor vehicles

+11.2% n8

data processing services

+7.0% n3

chemicals: agricultural

+6.1% n6

electronic components

+5.1% n5

life/health insurance

+4.7% n3

investment managers

+4.7% n5

beverages: alcoholic

+4.4% n4

building products

+4.3% n6

other metals/minerals

+3.8% n12

steel

+3.8% n19

Lagging

agricultural commodities/milling

-1.9% n9

aerospace & defense

-1.9% n3

major telecommunications

-2.0% n5

semiconductors

-2.0% n5

miscellaneous manufacturing

-2.1% n8

construction materials

-3.7% n3

The stalking list

FUSIONstop 22.1% away > 12% sanity ceiling — not a swing trade

ARKADEstop 12.1% away > 12% sanity ceiling — not a swing trade

PARKHOSPSnet RR 0.47 < 1.5

IKSnet RR 0.75 < 1.5

CHOLAFINnet RR 0.12 < 1.5

AETHERnet RR 0.68 < 1.5

JASHstop 27.4% away > 12% sanity ceiling — not a swing trade

THELEELAnet RR 0.43 < 1.5

Cleared value, pattern and liquidity; failed only the final risk/RR test at this close. Set EMA20 alerts — these are the first to re-check when the swing turns.

Key risks this week

Whipsaw — the 10-DMA leg jumped ~15 points in a week; what prints fast can unwind fast, and a failure back below 40% resets Swing Confidence with it.

Quality of the leaders — this week's best structures sit on weak P&Ls (GEMAROMA shrinking, EMS guidance downgraded with a "hype man" management grade on the third-party layer at high confidence). A breakout in a bad business is rented, not owned.

Supply and mechanics — three mainboard IPOs list 5–6 Aug (Manipal Health, Juniper Green, MV Electrosystems) absorbing flow, every external scan clause this week is a reconstruction rather than a verified saved scan, and eight July breadth sessions remain missing, so gate confirmations run on a shorter tail than ideal.

Do / Don’t

✓ Do

read the five dossiers now, while nothing is buyable; set the regime alerts (47% hold on the swing legs, 53%×3 on Bias) and let them do the watching

✕ Don't

front-run the gate because momentum turned, and don't let a repaired chart talk you into a business whose profit comes from somewhere other than operations

XII

Methodology & Metadata

rules v4.2 · W31/2026 (ISO)

• Run — 2026-08-01, rules.yaml v4.2, W31/2026 (ISO). Generated by scripts/build_report.py (template-owned layout; no hand-written HTML).
• Data sources & freshness —
  · asm · 186 FRESH · https://www.nseindia.com/api/reportASM · as-of 2026-08-01
  · fno_ban · 0 FRESH · https://nsearchives.nseindia.com/content/fo/fo_secban.csv · as-of 2026-08-01 · list fetched and is empty (no names in ban)
  · gsm · 82 FRESH · https://www.nseindia.com/api/reportGSM · as-of 2026-08-01
  · benchmarks FRESH · TradingView index quotes · as-of 2026-08-01 · Nifty 50/500/Mid150/Small250
  · us_breadth · 1910 FRESH · TV america scanner — monitoring only · as-of 2026-07-30 · broad a200 66.28% · eUS n=146
  · us_screen · 15 FRESH · TV america scan — technicals + fundamentals filter · as-of 2026-08-01 · 334 tech-pass → 52 fund-pass → top 15
  · usdinr 95.69 FRESH · ECB daily fix (frankfurter) · as-of 2026-07-30
  · breadth FRESH · self-computed daily series (broad) · as-of 2026-07-31 · contiguous tail 8 · 8 unknown gaps
  · circuit_bands FRESH · Dhan /v2/marketfeed/quote circuit limits · as-of 2026-08-01 · 246 of 419 candidates resolved
  · dhan FRESH · Dhan v2 REST · as-of 2026-08-01 · holdings/positions/funds live
  · prices FRESH · TradingView scanner REST · as-of 2026-08-01 · 30 columns
  · signals_tv FRESH · TV-native scanner equivalents · as-of 2026-08-01 · 11 signals computed live
  · fundamentals · 5 FRESH · screener.in via Screener MCP (summary + financials + shareholding); third-party guidance/scenario layer (2026-07-31 context) labelled where used · as-of 2026-08-01 · 5 dossiers, 4 attached to picks
  · signals_csv FRESH · external scan CSV pack (11/11) · as-of 2026-08-01 · —
  · watchlist FRESH · live-url · as-of 2026-08-01 · 600 NSE / 130 BSE

• Watchlist — live-url (2026-08-01) — 730 names, 600 NSE / 130 BSE; local export differs 0.5%
• Breadth — gate universe broad (pinned; MBI/iList are narrative only). 12 sessions held, contiguous tail 8, coverage 60.0%. Unknown gaps: 2026-07-08, 2026-07-09, 2026-07-10, 2026-07-13, 2026-07-14, 2026-07-15, 2026-07-16, 2026-07-21. Saturday-stamped snapshots folded back to their session: 2026-07-18→2026-07-17.
• Bias gate — Bear: 39.69% on e200, 3 consecutive sessions below 47%. Hysteresis 47/53, 3-session confirmation. SMA-200 cross-check 41.14% (gap -1.5). Tranche-2 SHUT.
• Quadrant — Bias Bear · Trend Sideways · Swing Sideways · Momentum Positive + Improving · Swing Confidence 2/3 → Regime Patience (matched on {'trend': ['Sideways'], 'swing': ['Sideways']})
• Gates — new entries BLOCKED. regime Patience does not permit new entries; Tranche-2 gate shut (Bias Bear, 3 consecutive sessions below 47%)
• HMS — 163 eliminated at 0/3, 221 at 3/3, of 632 Stage-2 names.
• Relative strength — vs NIFTY500 (CNX500, 63-day): benchmark return +3.2%. 245 names ≥ 70th pct.
• Quick-Move funnel — pool 4156 → ① 1884 → ② 254 → ③ 62 → ④ 34. Stops anchored at max(1.5×ADR, support −0.5%). Stop distance is an output of volatility; risk is capped at 3% of capital by position size. RR is net of 0.222% round-trip costs.
• Sizing — capital ₹—, Tranche-1 pool ₹—, 2 names, slot ₹—, risk budget ₹—/name.
• India gates — 462 names blocked; earnings dates known for 1321 of 4223 candidates
• Portfolio — 0 holdings, 0 positions, balance ₹0, iList held 0 of 730
• Ledger — 13 picks tracked, 13 marked to market; scorecard meaningful.
• N/A & caveats — circuit bands unverified for all names (Dhan quote metadata not wired yet) — no name with an unverified band is presented as a recommendation; next-earnings date unknown for 2902 of 4223 candidates; the blackout gate applies only where a date is known
• No-fabrication rule — every number here is fetched or computed; a value that could not be sourced renders as an em dash, never an estimate. Research bulletin, not investment advice.

Generated 2026-08-01 · cron launchd com.ilist.weekly · Sat 10:03 Asia/Kolkata · validated by make check.

Public edition. This is the research half of an internal weekly review, published as produced. Portfolio, positions and personal allocation are removed. Nothing here is a recommendation or investment advice, and the author is not a SEBI-registered research analyst or investment adviser — names are screening output and observations only.