What to expect from stock market indices in trade on September 25: Back Nifty 50, Sensex today

 The Indian stock market indices, Nifty 50 and Sensex, are likely to open on a tepid note Monday following weak global cues.

The trends on Gift Nifty also indicate a flat-to-negative start for the Indian benchmark index. The Gift Nifty was trading around 19,694 level as compared to the Nifty 50 futures’ previous close of 19,705.

On Friday, the domestic benchmark indices ended lower for the fourth consecutive session. The Sensex dropped 221.09 points to close at 66,009.15, while the Nifty settled 68.10 points lower at 19,674.25.

Nifty 50 formed a reasonable negative candle on the daily chart with upper shadow. 

Meanwhile, on a weekly chart, Nifty 50 formed a long bear candle this week, which indicates a sharp reversal pattern on the downside. 

Normally, a formation of such long negative candles after a reasonable upmove signal chances of an important top reversal pattern as per weekly chart.

Shetti believes the short term trend of Nifty continues to be weak.