Saturday, August 5

Nifty bounce back holding time cycle low of 10000

  • FII's bought 3.3 K contract of Index Future worth 286 cores ,1.9 K Long contract were added by FII's and 5.3 K Short contracts were added by FII's. Net Open Interest increased  by 7.3 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.  What not to do in Bull Market
  • As discussed in last analysis   Low made today was 9998 so bulls continue to hold on to 10000, Also as per our time cycle analysis we got the big move. Bears need to break the time cycle low of 10000 for a move towards 9930.Bulls need close above 10090 for a move towards 10180/10250/10400. Nifty

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