Nifty EOD Analysis for Aug RBI Policy

• FII's sold 5 K contract of Index Future worth 420 cores ,3.1 K Long contract were liquidated by FII's and 1.8 K Short contracts were added by FII's. Net Open Interest decreased  by 1.3 K contract, so rise in market was used by FII's to exit long and enter short in  Index futures. FII's Long to Short Ratio at 2.47, FII's have been adding consistent shorts before the RBI policy What not to do in Bull Market

• As discussed in last analysis   Now fresh long should be taken above 10090 for a move towards 10250-10410 .Shorts below 9930 for a move towards 9860/9810/9750. In Between it will be trading range of 9930-10090 till RBI Policy on 02 August.New Time cycle started today so bulls should hold 10000

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