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Below the Perspective on Markets 30th Sept 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital

“The US market seems to have taken heed, delaying any worries about a looming Oct. 1 deadline to fund the federal government.

The payrolls numbers are not necessarily all that meaningful from a long-term investment point of view, But we have to talk about it because the US market is so focused on it as the weakening labor market is the reason for the Fed to ease monetary policy and cut rates. It’s the only payroll report they’re going to see between now and the next FOMC meeting later this month.

Nifty 24634.90

Nifty has fallen for the seventh consecutive trading session. Until we don't see a positive daily close, the ongoing decline can continue to extend.

In case of a pullback, 20HMA and 40HEMA at 24807 and 24923 respectively, will be the important resistance levels where selling pressure can re-emerge.

Crude futures drooped 3.00% after OPEC+ planned another output hike in November. WTI dropped near 63.15 and Brent below 67.70.

September series expiry, countdown to RBI policy outcome, positive Wall Street cues and money moving into oversold index names may dominate trade setup on Dalal Street. Participants may watch out for some reversal in stocks that are now getting ready for a sharp technical bounce post initial swings due to derivatives expiry.”

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