Daily market report

Friday, 25 September 2026

Downtrend (day 2) · breadth steady · Sugar & Ethanol leading · 1 industry turned Strong

1

Market direction

Nifty MidSmall 400 vs its 10 & 20 EMA

🔴 Confirmed Downtrend

Day 2

Market under pressure — protect capital; few or no new positions.

Index

20,905

10 EMA

21,061

20 EMA

21,162

Last 30 sessions

🟠

Market mood

Caution25/100

BearishCautionNeutralBullishEuphoria

Nifty 50

+0.34%

Nifty 500 (Broad)

-0.09%

2

Market breadth

Advancers vs decliners

Advancing

1058

Declining

1032

A/D Ratio

1.03

Unchanged

78

New 52W highs

45

vs

New 52W lows

58

New highs and lows are roughly balanced.

▲ Top 5 gainers

BPLPHARMAPharma+20.00%
ADSLIT Services+20.00%
HEROMOTORSAutomobiles+19.99%
XELPMOCIT Services+19.99%
SHANTIGOLDGems & Jewellery+14.83%

▼ Top 5 losers

MEDICOPharma-20.00%
TURTLEMINTCapital Markets-19.99%
SSRETAILTrading & Distribution-10.30%
AASTHA—-10.00%
OLAELECAutomobiles-9.50%

Biggest % moves of the day across the N.E.X.T universe. Market data, not recommendations.

% stocks above key EMAs · vs last session

EMA 20

38%

▲ 2.6 pts

EMA 50

40%

▲ 0.7 pts

EMA 200

48%

▼ 0.7 pts

% above the 50 EMA, last 20 sessions — breadth steady

3

Industries

Weak Industries

38

of 66

🔄 Changes since the last session

▲ Turned Strong (1)

Castings & Forgings

▼ Dropped from Strong (0)

No industry dropped from Strong today.

🚀 Top 5 Industries and N.E.X.T Verdictby % change

Sugar & EthanolModerate+6.51%
Basic ChemicalsModerate+3.38%
Paints & CoatingsWeak+1.37%
Gems & Jewellery+1.31%
Castings & Forgings+1.17%

📉 Top 5 Worst Industries and N.E.X.T Verdictby % change

EdTechWeak-0.79%
Pharma - MNCWeak-0.45%
Capital MarketsMixed-0.44%
Packaging-0.39%
Printing & Stationery-0.35%

The full N.E.X.T Momentum rating for every industry, with rank trends and the momentum cycle, is inside N.E.X.T.

4

The 3 NEXT scans

Today: more Follow Through Swing candidates than usual; fewer IPO Base candidates than usual. The stock lists, with pivots and levels drawn, are inside N.E.X.T. Counts are screening outputs, not recommendations.

📅 The week in one card

Compared with Friday, 18 September 2026

Market direction

Uptrend try → Downtrend

% above 50 EMA

43% → 40% (-3 pts)

Strong industries

2 → 4 (+2)

📖 Learn for today’s market

Swing trading basics — risk first →

In a downtrend, the best trade is often no trade.

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📘 NEXT Swing Trading Playbook

Market → industries → 3 focused scans, explained with charts and printable checklists. Free, in one PDF.

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