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 51.03% of traders are net-long ,while the number of Retail traders net-short was 48.97%.
Today FII’s unwind-ed huge longs -9281 & created huge shorts 14585, while retailers created huge longs 11661 & unwind-ed decent longs -6241.
- August expiry range is 10900 -11500
- Medium term trend – Till Nifty is holding above 11000 on weekly basis we can stay long on Nifty