Range bound + Stock exit

As we observe the market trend in these days priority is given for exit of positions by big players. But as was expected there was no action to support the market from any of our DIIs. Every one knows that our economy is also in recession. Then who will buy now?. As traders we are just observing the markets otherwise we also won't see the market for at least one year. Horrifying news is coming every day. O K.

Now observe the market if nifty goes + ve maximum range may be 2950 (as per swing in the falling channel on the daily/hourly charts). If markets are in red exit longs & short nifty. Strong support may come at nifty 2630.

As per Reliance share if this is above 1200 next 1300 & markets will go up to 2950 if reliance is -ve every thing is negative.
(Pl view the Open Interest changes link on the right side for clear oi changes and comments.)