The Nifty has been sustaining below the 21EMA, confirming the ongoing bearish trend. Immediate support seen now at the rising trendline. A close below the said trendline might increase the selling pressure in the market. A sell on rise market to remain intact as until Nifty moves back above 19750 decisively. On the lower end support is placed at 19480.
Comment:
Today (Oct 3rd) Nifty made a low of around 19480 (19479.65). A decisive fall below 19480 may trigger heavy selling pressure in the market.