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15 October 2026 · Market mood: Correction · Day 26 of this run · +1.64% on the day · 43% of stocks above their 200-day line · 2,651 sessions since 2016 ·

15 October 2026 · 15 days ago

Correction

Day 26 of the 43rd correction since 2016.

Where today’s market sits against its own last ten years. Seven readings and one mood, worked out again after every session since 2016.

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Moods come in runs. This one is 26 days old.

The Nifty 50 rose 1.64% on the day and closed at 22,997. Against its own history, about 31 days in every hundred were weaker than this one. On their own, the things that usually move this market would have had it down about 0.44%. That leaves 2.09% that was the market's own doing, clearly stronger than its usual influences explain. Underneath the headline, 43% of stocks are above their own average price of the last 200 days, where 50% is the usual. The market has been in a Correction run for 26 days now, the 43rd since 2016.

26 days into this correction

Today's move
+1.64%
Above their 200-day line
43%
Sessions on record
2,651
Mood runs since 2016
517
The market’s most recent mood runs, newest first, with how long each lasted and how many times that mood has occurred since 2016.
MoodBeganLasted
Correctionno. 43now8 Sept 202626 sessions
Pullbackno. 6631 Aug 20266 sessions
Choppyno. 21424 Aug 20265 sessions
Choppyno. 21321 Aug 20261 session
Choppyno. 21212 Aug 20267 sessions
Choppyno. 21111 Aug 20261 session
Recoveryno. 557 Aug 20262 sessions
Choppyno. 2105 Aug 20262 sessions
Choppyno. 20914 Jul 202616 sessions
Relief Rallyno. 308 Jul 20264 sessions
Relief Rallyno. 296 Jul 20262 sessions
Relief Rallyno. 281 Jul 20263 sessions
CalmCalm ClimbRecoveryRelief RallyNervous ClimbChoppyPullbackCorrectionPanicStressed

Every session since 2016. Height is where the day’s direction sat in its own ten-year range; colour is that day’s mood. The last bar is today.

Seven readings. The same seven, every day, in this order.

Each one asks a plain question of today and answers it against the market’s own last ten years. The strip is those ten years laid end to end; the raised band is the middle half of its days, and the line is today.

  1. 001 / Direction

    Which way is it going?

    31st

    a little below its own normal

  2. 002 / Participation

    Are most stocks joining in?

    35th

    a little below its own normal

  3. 003 / Temperature

    Calm or nervous?

    35th

    a little below its own normal

  4. 004 / Togetherness

    Moving as one herd?

    53rd

    about its own normal

  5. 005 / Leadership

    Who is leading?

    46th

    about its own normal

  6. 006 / Money flow

    Who is buying and selling?

    5th

    Away from its normal. lower than about 95 days in every hundred of its own past

  7. 007 / Expectation gap

    Was the move its own doing?

    100th

    Away from its normal. higher than all but about one day in a hundred of its own past

A sector is only ever ranked against other sectors.

Never against an index it sits inside, because a part measured against its own whole always looks like the whole.

#BasketLast 20 sessions
9.0909Nifty Metal−5.8%
18.1818Nifty Auto−5.0%
27.2727Nifty PSU Bank−2.9%
36.3636Nifty Energy−2.6%
45.4545Nifty FMCG−1.7%
54.5455Nifty Pharma−1.3%
63.6364Nifty Bank−0.9%
72.7273Nifty Fin Service+0.4%
81.8182Nifty Realty+0.8%
90.9091Nifty IT+5.5%
100Nifty Media+6.5%

Now see how you trade.

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