Daily market report

Wednesday, 30 September 2026

Downtrend (day 5) · breadth steady · IT Hardware leading · 1 industry turned Strong

1

Market direction

Nifty MidSmall 400 vs its 10 & 20 EMA

🔴 Confirmed Downtrend

Day 5

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

Index

20,415

10 EMA

20,730

20 EMA

20,926

Last 30 sessions

🔴

Market mood

Bearish20/100

BearishCautionNeutralBullishEuphoria

Nifty 50

-0.42%

Nifty 500 (Broad)

+0.14%

2

Market breadth

Advancers vs decliners

Advancing

963

Declining

1136

A/D Ratio

0.85

Unchanged

75

New 52W highs

51

vs

New 52W lows

66

New highs and lows are roughly balanced.

▲ Top 5 gainers

ALICONCastings & Forgings+20.00%
JHS—+19.94%
ESTERPackaging+19.72%
IRCONEPC & Engineering Services+14.27%
VALIANTORGSpecialty Chemicals+12.48%

▼ Top 5 losers

ARMEEIT Services-20.00%
PASHUPATITextile - Yarn & Fibre-18.68%
ELEVATEInfrastructure & Construction-10.79%
SSDLTextile - Apparel & Brands-9.66%
AASTHA—-9.01%

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

27%

▼ 0.5 pts

EMA 50

33%

▼ 0.6 pts

EMA 200

45%

▼ 0.6 pts

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

3

Industries

Weak Industries

42

of 66

🔄 Changes since the last session

▲ Turned Strong (1)

Castings & Forgings

▼ Dropped from Strong (1)

Engineering

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

IT HardwareWeak+2.70%
ShippingWeak+2.47%
DefenceModerate+1.67%
Packaging+1.26%
Castings & Forgings+0.99%

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

Hospitals & DiagnosticsModerate-1.85%
Basic ChemicalsWeak-1.28%
PharmaModerate-1.12%
Pharma - MNC-1.09%
Telecom-0.84%

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.

📖 Learn for today’s market

Swing trading basics — risk first →

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

NEXT Swing Trading Playbook cover

Free PDF · Learn the process first

📘 NEXT Swing Trading Playbook

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

Get the free Playbook →

Want more analysis like this?

N.E.X.T — Swing trading platform for Indian markets

Top-down momentum with focused scans: market direction, 65+ industries rated on momentum and 3 NEXT scans across 2,100+ NSE stocks — plus position sizing and a trade journal.

← Browse recent daily reports