EVENT EFFECT? ! ?

Yesterday markets continued their journey to downside. O K. Now the G20 international meet is going on and the news from this meet will influence the markets for the next week. Hence, it is better not to have any positions to downside  to the end of the day and just go by  intraday charts for the next week. As we are at down levels from the previous week we may expect a rise in the next week. The resistances are nifty 2970-3150-3240. Support levels nifty 2750-2630-new low. Monday & Tuesday should be +ve for the reversal of markets next week. If markets are +ve next day one can  buy nifty calls 3400.

Reliance Open interest is at high addition at lower levels which may lead the markets to +ve side for the next week.