Hi Kiran,
Based on scheduling Parameter you provided
Call horizon : 96% of 30 days(means one day before i.e on Thursday)
- 96% of 30 days = 28.8 Day
& you have only one working day that's friday, So I thing system will create Order on Thursday but not sure about Cycle ( i.e. 29 Thursday for start or 29 Day of month?)
please run in test environment and let us know the result.
Rgds
Sunil