Nifty rallies holding time cycle low of 9830,EOD Analysis

• FII's sold 6.3 K contract of Index Future worth 519 cores ,3.2 K Long contract were added by FII's and9.5 K Short contracts were added by FII's. Net Open Interest increased  by 12.7 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio at 1.8 Are you trading on Luck or trading Skills ?

• As discussed in last analysis  We have new time cycle starting from 23 Jul as we have holiday so effect can be seen either tomorrow or Monday. Long above 9930 for a move towards 9969/10020. Bearish below 9830 for a move towards 9787/9710. High made today was 9925 and low made was 9838 so we continue to trade in range of 9830-9930, so gann angle support of 9830 continue to provide support to nifty bulls and with new time cycle starting from 24 July we can expect a breakout/breakdown soon. Long above 9930 for a move towards 9969/10020. Bearish below 9830 for a move towards 9787/9710.

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