Daily market report

Monday, 28 September 2026

Downtrend (day 3) · breadth weakening · Printing & Stationery leading

1

Market direction

Nifty MidSmall 400 vs its 10 & 20 EMA

🔴 Confirmed Downtrend

Day 3

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

Index

20,564

10 EMA

20,919

20 EMA

21,070

Last 30 sessions

🔴

Market mood

Bearish21/100

BearishCautionNeutralBullishEuphoria

Nifty 50

-1.56%

Nifty 500 (Broad)

-1.63%

2

Market breadth

Advancers vs decliners

Advancing

370

Declining

1767

A/D Ratio

0.21

Unchanged

31

New 52W highs

47

vs

New 52W lows

77

New lows clearly outnumber new highs — the market is under pressure.

▲ Top 5 gainers

STARTECKNBFCs & Lending+19.62%
IWP—+17.13%
RSYSTEMSIT Services+16.80%
REPROPrinting & Stationery+15.80%
DAMCAPITALCapital Markets+14.82%

▼ Top 5 losers

AASTHA—-45.96%
KOTYARKOil & Gas-15.16%
MEDICOPharma-14.23%
PAISALONBFCs & Lending-10.58%
ARMANFINNBFCs & Lending-9.84%

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

25%

▼ 12.2 pts

EMA 50

34%

▼ 6.3 pts

EMA 200

46%

▼ 1.4 pts

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

3

Industries

Weak Industries

39

of 66

🔄 Changes since the last session

▲ Turned Strong (0)

No industry turned Strong today.

▼ Dropped from Strong (2)

EngineeringCastings & Forgings

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

Printing & StationeryWeak+0.87%
Basic ChemicalsMixed-0.25%
Pharma - MNCWeak-0.39%
Electronics-0.51%
Textile - Fabric & Processing-0.68%

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

Cables & WiresModerate-3.22%
Banks - PSUWeak-3.20%
TelecomWeak-2.61%
Building Materials-2.37%
IT Products-2.34%

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. The stock lists, with pivots and levels drawn, are inside N.E.X.T. Counts are screening outputs, not recommendations.

📖 Learn for today’s market

Swing trading basics — risk first →

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

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