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

“Slipping US stock market’s September to remember has hit its first real snag.

?S&P 500 dropped 0.3%, while the Dow Jones dropped 172 points, or 0.4%. Nasdaq fell 0.3%.

?It marked the first time all three indexes fell together for two days in a row since Sept. 2. The fact that it’s been so long since a broad market slide defies historical trends for September

MSCI India’s premium to MSCI EM now back to long term averages post underperformance

Nifty 25056.90

Nifty has seen four consecutive negative daily closes & has closed around the 38.2% retracement level. The 50% retracement level and the key daily averages both coincide around the 24950 - 24940 zone. This will be an important support zone on the way down.

40HEMA at 25181 will be the immediate resistance level”

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