Nifty make new life highs holding time cycle low

• FII's sold 3.7 K contract of Index Future worth 310 cores ,2.5 K Long contract were liquidated by FII's and 1.2 K Short contracts were added by FII's. Net Open Interest decreased  by 1.2 K contract, so fall in market was used by FII's to exit long and enter  short in  Index futures. FII's Long to Short Ratio at 1.97, lowest in the series. Who says meditation is a waste of time?

• As discussed in last analysis  Bearish below 9610 only. As per time cycle till 9787 is held bulls can push nifty towards the scarocant figure of 10000 by 30 July.  Low made today was 9853 so nifty opened gap up above 9830 and rallied all the way till 9897, now bulls are holding 9830 we can move towards 9936/9961/10000. Bearish below 9792 for a move towards 9700/9610. Time cycle turn date of 12 July again helped in capturing good move in market. Till 9820

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