Nifty Bulls fails to close above 9910,pullback on cards

• FII's sold 4 K contract of Index Future worth 252 cores ,238 Long contract were added by FII's and 4.2 K  Short contracts were added by FII's. Net Open Interest increased  by 4.5 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 1.13,For the August Series FII have net added shorts 123 K Contract till we do not close above 9910 all rallies will get sold into.  How to Maintain Control and Discipline in Your Trading 

• As discussed in last analysis    Now as we closed near the major gann angle so bulls need a close above 9910 for next round of up move towards 9962/10025/10090. Bearish below 9855 for a move towards 9800/9740.17 Aug is again a time cycle date so expect volatility in market. Nifty bulls lost the battle in last 1 hour as they were unable to protect 9910 on the time cycle date of 17 Aug suggesting 9947 can act as short term top. Bears will get further momentum

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