Closing below 2710 ?

First day of new series shows heavy shorts accumulation in nifty futures. But, as the OI in 2700 puts is still high and increasing markets may not fall below 2700. The dramatic recovery of markets from lows and closing at 2763 + for weekly closing shows that markets may not fall presently in this week as every one expects.RIL - RPL merger will also confuses us. Global cues are negitive, sgx nifty -50 now. But the fall can be agreviated only after nifty closes below 2710-2673 comfortably. Required clue is the OI in 2700 puts should come down and markets should test 2880 once again before fall.