G-20 SUMMIT EVENT..

Market did respect Nf 2862 support and traded above it till afternoon but could not sustain above NF 2778 and broke late afternoon to close below the first support. Overall signals are a bit mixed as market is trying to test its lows. Outlook today seems to be flat to mildly positive as Bears will like to cover shorts before G-20 Summit. Pivot for today is NF 2872 with target NF 2908- 2963 and 2998 will act as strength test. Support remains in the zone NS 2788-2631.