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 43.60% of traders are net-long ,while the number of retail traders net-short was 56.40%.
As today was the monthly expiry so as result of that FII’s unwind-ed huge longs -7082 & shorts -36735, while retailers also unwind-ed huge longs -17786 & decent shorts -5886.
And as expected Nifty Monthly expiry was ended in within the range.
- August expiry range is 11000 -11600
- Medium term trend – Till Nifty is holding above 11086 on weekly basis we can stay long on Nifty