Nifty (3rd Oct 2018) - Trend line + 200 DMA key support

200 Days Exponential Moving Average is placed around 10770. Further the trend line support around 10800-820 is the key, from from Nifty bounced on 1st October.

If these support levels break then big selloff will be there. Lower levels of 10600/10400 also possible.

But if these key support levels hold then a good bounce till 10170/10250 possible.

For detailed nifty outlook for 3rd Oct to 5 Oct - Click on the chart below (Nifty 15 Min analysis)

Comment:

Clearly said that big selloff will come below 10770 and Nifty can test lower levels of 10600 and 10400.

Same happened today. Nifty opened below 10770 tested 10600 and broke it to make a low of 10547.25.