Nifty Technical Setup with New Time Cycle Starting

• FII's sold 1.3 K contract of Index Future worth 119 cores ,1.1 K Long contract were added by FII's and 175  Short contracts were liquidated  by FII's. Net Open Interest increased  by 958 contract, so fall in market was used by FII's to enter long and exit short in  Index futures. FII's Long to Short Ratio at 1.72. Build up your confidence as a trader

• As discussed in last analysis   Breakout above 10030 for a move towards 10090/10150/10237. Bearish below 9840 for a move towards 9740/9685. Next 2 days are very crucial as per time cycle, Hopefully we can see breakout/breakdown soon. High made today was 9964 and low made was 9913 so nifty continue to stuck in between 2 gann angles and again trading near the higher end, till we trade in range of 10000-9840 ping pong continues.

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