Zubu Client Sentiment Nifty50 Report (July-24-2020)
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 53.87% of traders are net-long ,while the number of net-short was 46.13%.
Today FII’s unwind-ed huge longs and created decent shorts, while retailers created decent longs and unwind-ed huge shorts. Nifty was not able give weekly close above 11241 and closes at 11194.15. And in coming sessions 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 10800 on weekly basis we are bullish on Nifty