Market X-Ray — 15 October 2026
Session Context
Weak participation and distribution pressure favor defensive behavior and selling into strength.
Market Breadth
Advances
899
stocks closed higher
Declines
1755
stocks closed lower
Advance %
33.5%
of 2687 NSE EQ
NIFTY
+1.66%
index day return
Index-internal classification: INDEX MASKING WEAKNESS
Sector Rotation (Aggregate)
13
Lagging
5
Weakening
18
Total sectors
Aggregate sector breadth. Individual sector detail is available inside the research dashboard for subscribers. Count-only view here to protect proprietary sector scores.
Research Narrative
- ●Market participation is weak with a DhanVeda Participation Score of 32.7.
- ●Advances were 899 versus 1755 declines across 2687 EQ symbols.
- ●Index-internal classification is index masking weakness.
- ●The most common cash-futures state is weak unconfirmed move across 125 F&O underlyings.
- ●4 market-context warning(s) are active; treat them as research context, not trade instructions.
Active Risk Context
- !Index move is not broadly confirmed
- !Market participation score is weak
- !17 F&O underlyings show distribution-style confirmation
- !Large share of sectors are lagging
Risk context is for research awareness only — not a trading instruction.
Data scope this session:213F&O underlyings· 332 sessions of history· 18 sectors
Source: NSE Bhavcopy (public EOD file). Processed by DhanVeda Research after market close. Not real-time.
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Understanding the concepts behind Market X-Ray helps you use it as an informed research context — not as a mechanical trigger.