In the figure, N pole is receding away coil (1), so in coil (1), the nearer faces will act as S-pole and in coil (2) the nearer face will also act as S-pole to oppose the approach of magnet towards coil (2), so current in coils will flow clockwise as seen from the side of magnet. The direction of current will be from P to Q in coil (1) and from C to D in coil (2).
