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 55.31% of traders are net-long which is 3.91% higher than yesterday,while the number of Retail traders net-short was 44.69%.
Recent changes in sentiment suggest that probably Nifty may have hard time to stay above 10329 on weekly basis. As institutions are building short positions and retailers started building long positions. If this trend continues for week or so then Nifty can come in the range of 10157~10100.
Medium term trend – As we previously also mentioned that as long as Nifty is holding above 9658 on weekly basis we are bullish on Nifty.