Nifty faces 4 bearish signals as October series begins after worst September in 25 years

Indian stock market benchmark Nifty enters the October derivatives series facing its worst September performance in 25 years, with a 6.7% decline, heavy foreign selling, and bearish futures positioning signaling potential further losses. Foreign investors sold Indian equities worth Rs 25,662 crore in September, the highest monthly outflow in six months, while bearish futures positions were carried into the new series. The index is also testing its 200-week moving average, a key long-term support level. Nifty has fallen for seven consecutive weeks, approaching its longest losing streak since 2001. Analysts identify 22,600 as a crucial support level, with a decisive break potentially triggering sharper correction, while a hold could enable recovery.