Zubu Client Sentiment Nifty50 Report (July-23-2020)

Zubu Client Sentiment Nifty50 Report:

It is a Post Market Analysis, by which one can understand Client(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: Client’s data shows 51.35% of traders are net-long ,while the number of net-short was 48.65%.

Today FII’s created decent longs and shorts, while retailers unwind-ed decent longs and created decent shorts. If Nifty decisively breaks 11241 and closes above the same on weekly basis then it can move towards or break 11500, although it may face a resistance around 11431 levels. However if it’s closes below 10966 on weekly basis than it can try to move towards 10650-10700

• July expiry range is 10900-11500
• Medium term trend – Till Nifty is holding above 10600 on weekly basis we are bullish on Nifty