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 51.92% of traders are net-long ,while the number of Retail traders net-short was 48.08%. As per today’s session Nifty is likely to close above 10329 on weekly basis.
However we need to be a bit cautious as this is third day where institutions unwind there significant shorts and created marginally longs and retailers are net longs. Let’s see whether this pattern continues for this week or not, anyhow July month is just started and it’ll be the long month in terms of series expiry!
As if now July expiry range is 9900-10700
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.