The Indian stock market is expected to fall further. This fall is expected due to rising geopolitical tensions in the Middle East and technical weakness in the domestic market. Nifty has slipped 480 points in the last 5 trading sessions. After slipping from the record highs of 26,277, Nifty closed at 25,797 on Tuesday (October 1). Analysts say that further pressure can be seen on the major index. Due to increasing tensions between Israel and Iran, the market will be under pressure and Nifty can test the level of 25,550 - 25,600.

5Paisa's research analyst, Ruchit Jain, says that some correction can be seen in the market. The recent boom has been seen on the strength of foreign institutional investors (FIIs) after the cut in interest rates in the US. Domestic retail investors and HNIs are currently seen staying away from the market.

Jain said that the client long-short ratio in index futures is at 35%. New longs have not been added to it. On the other hand, the long ratio of FIIs is 80%. In such a situation, there is a possibility of a new long buildup. This may also curb the rise of Nifty. Nifty and Bank Nifty are less likely to get support from large-cap stocks. Rajesh Palvia of Axis Securities also appeared cautious about the market. Nifty is weak at the technical level, there is risk regarding important sectors like bank and finance. There is less chance of the index getting support from large-cap stocks in the short term. He said that short build-up is visible in Nifty on weekly expiry and there is weakness at the technical level as well. In such a situation, Nifty can slip by 100 - 150 points on Thursday. Rajesh Palvia said that the trend of long unwinding is seen in Nifty. Nifty has slipped 1.6% since the beginning of expiry. The next support level for Nifty is 25,550 - 25,600. Ruchit Jain also said that there is support for Nifty at the level of 25,550 - 25,600. The big trend for the market is of weakness. If this support breaks for Nifty, then this index can slip to the level of 25,350 in a few days. Regarding Nifty Bank, Rajesh Palvia said that the trend of short build-up is seen in it. This index has slipped by 2.7% since the beginning of expiry and OI has seen a gain of 3.9%. Opinion to buy on dips Despite the negative outlook in the short term, Rajesh Palvia has advised long-term investors to buy on dips. He says that the market will see a boom in the long term. He said that sectors like sugar and chemicals are likely to see further growth. Whereas, profit booking can be seen in banking, finance, cement and auto stocks in the short term. Cautious view on the market Amid panic at the global level, there are signs of weakness in the domestic market as well. Due to Middle East tension, the US market has already seen a decline. Asian markets also showed pressure on Wednesday. There is a possibility of negative impact on markets around the world in the future as well. Due to domestic and global pressure on Nifty, experts are advising to adopt a cautious strategy in the market for now. Middle East tension and the price of crude oil on the international market will be important factors for the Indian market in the short term. In such a situation, pressure can be seen in the market until new positive triggers are found. SEBI's new rules related to F&O are also a challenge