Zubu Client Sentiment Nifty50 Report (July-28-2020)
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 47.35% of traders are net-long ,while the number of net-short was 52.65%. As per a contrarian view to Client sentiment, and the fact traders are net-short suggests Nifty prices may continue to rise.
Today FII’s created huge longs and decent shorts, while retailers unwind-ed huge longs and decent shorts.
- July expiry range is 11000-11500
- Medium term trend – Till Nifty is holding above 10800 on weekly basis we are bullish on Nifty
