Market X-Ray — 29 September 2026
Session Context
Weak participation and distribution pressure favor defensive behavior and selling into strength. Secondary context: PROFIT_BOOKING_ZONE.
Market Breadth
Advances
1040
stocks closed higher
Declines
1605
stocks closed lower
Advance %
38.9%
of 2671 NSE EQ
NIFTY
-0.28%
index day return
Index-internal classification: BROAD BEARISH
Sector Rotation (Aggregate)
11
Lagging
4
Improving
3
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 35.5.
- ●Advances were 1040 versus 1605 declines across 2671 EQ symbols.
- ●Index-internal classification is broad bearish.
- ●The most common cash-futures state is long unwinding across 145 F&O underlyings.
- ●2 market-context warning(s) are active; treat them as research context, not trade instructions.
Active Risk Context
- !Market participation score is weak
- !Large share of sectors are lagging
Risk context is for research awareness only — not a trading instruction.
Data scope this session:210F&O underlyings· 321 sessions of history· 18 sectors
Source: NSE Bhavcopy (public EOD file). Processed by DhanVeda Research after market close. Not real-time.
Learn the Framework
Understanding the concepts behind Market X-Ray helps you use it as an informed research context — not as a mechanical trigger.