Nifty Corrects after time cycle turn date,EOD Analysis

• FII's sold 6 K contract of Index Future worth 385 cores ,2.5 K Long contract were added by FII's and 8.5 K  Short contracts were added by FII's. Net Open Interest increased  by 11.1 K contract, so fall in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio at 1.09,For the August Series FII have net added shorts 131 K Contract till we do not close above 9910 all rallies will get sold into.  Amazing Story of Lata Bhagwan Khare

• As discussed in last analysis    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 below 9855 for  fast move towards 9770/9680/9620. Bullish above 9950 for a move towards 9962/10025/10090. Thursday we closed at 9906 below 9910 and 17 Aug being a time cycle date, effect was seen trigger being Infosys, market just find a way to go with trend of time cycle, till 9950 not broken no longs in nifty. Low

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