Zubu Client Sentiment Nifty50 Report (July-01-2020)

Zubu Client Sentiment Nifty50 Report:

It is a Post Market Analysis, by which one can understand Retail trader’s sentiment and discover who was going long and short, the percentage change over time, and whether market signals are bullish or bearish.

Nifty50: Retail trader data shows 54.45% of traders are net-long ,while the number of Retail traders net-short was 45.55%.

We’ll wait and watch whether Nifty is going to close above 10329 on weekly basis or not? Meanwhile we have to be cautious as institutions are building short positions and retailers building long positions and if this trend continues for week or so then Nifty can come in the range of 10157~10100 and can moves further towards 9900.

However this is second day where institutions unwind there significant shorts and created marginally longs. Let’s see whether this pattern continues for this week or not, anyhow July month is just started and it’ll be the long month in terms of series expiry!

• As if now July expiry range is 9900-10700

Medium term trend – As we previously also mentioned that as long as Nifty is holding above 9658 on weekly basis we are bullish on Nifty.