The StratLab Daily
No. 32 · Tuesday 7 Apr 2026 · NSE, data through close
Redesign v5 · One-thesis + Market Health · Real data
9 names ran together on volume — the day's coordinated move.
NIFTY +0.68% to 23,124. Same-day clusters on elevated volume mark where positioning is actually changing, regardless of what the index did.
What happenedNIFTY +0.68% to 23,124. 9 names ran together on volume — the day's coordinated move.
The tensionMarket Health is Transition at High risk, 22nd percentile.
Net readConditions broadly line up with the move.
Nifty Close
23,123.65
+0.68%
Market Phase
⚪ Transition
session 4 · ↑ improving
FII Idx Fut
−259.4K
2.8th %ile
Walls
23.1–23.1K
PE base · CE wall
01 The crowd
9 names ran together on volume — the day's coordinated move.
Positioning over the last 20 sessions
FII net index futures · 20 sessions · '000 contracts · endpoint = 7 Apr · source: StratLab participant OI
What this means: Same-day clusters on elevated volume mark where positioning is actually changing, regardless of what the index did.
02 The turn
What changed today
What this means: GALLANTT +13.7% (218.9×) · TITAGARH +8.7% (31.4×) · FIRSTCRY +7.2% (10.8×) · COROMANDEL +6.3% (2.1×) · NSLNISP +5.5% (8.5×) · NATCOPHARM +5.2% (3.2×)
03 The catch
Market Health reads Transition
Market health over the last 20 sessions
Market Health Index · 20 sessions · 0–100 · endpoint = 7 Apr · percentiles vs 1,175 sessions
What this means: the internals broadly agree with today's move.
Phase
⚪ Transition
risk High
Participation
32.9317
delivery breadth
StratLab Breadth Index
46.0
45th %ile, trailing year
04 Days like today
48 sessions like this one.
Every session sharing today's Market Health signature — transition, High risk — 48 of them on record.
Conditions analog · Phase + Trend + Risk match
n = 48 · tier: exact
| Horizon | Avg | Median | Win rate | Worst |
|---|
| Next session | +0.18% | +0.08% | 54% | −0.77% |
| Next 5 sessions | +0.87% | +0.81% | 71% | −2.81% |
| Next 10 sessions | +0.78% | +1.40% | 54% | −3.63% |
| Next 20 sessions | +0.35% | −0.13% | 44% | −8.18% |
This compares today against every session sharing the same Market Health signature, regardless of what triggered it.
Conditions like today historically favored staying with the move.
05 Tomorrow's tripwires
Three checks that settle the argument
Market Phase exits upward
Transition runs a median of 1 session(s) (max 9) — this is session 4. 53% of exits went up.
Market Health crosses the 50 midline
MHI at 45.6 — a close back above 50 would end the 22nd-percentile read.
Phase slips to Bear Market
19.6% of Transition exits went straight to Bear — the conditions analog's worst 5-session outcome (−2.81%) lives on that path.
The ledger
Where that leaves us
Lines up bullish
- 9 names ran together on volume — the day's coordinated move.
Lines up bearish
- Market Health 22nd percentile · High risk
- Conditions analog: +0.87% avg next 5 · 71% win
Net read: Conditions broadly line up with the move.
9 names ran together on volume — the day's coordinated move. Conditions broadly line up with the move.
Regime
BEAR