Zubu Client Sentiment Nifty50 Report (June-17-2020)
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 52.03% of traders are net-long, while the number of Retail traders
net-short was 47.97%. As we can see that retailers are long since past three sessions.
We are still long till the time Nifty is holding above 9658 on weekly closing basis.
Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current Nifty50 price trend may soon reverse lower as fact traders remain net-long.
- June expiry range is 9700-10500