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 50.91% of traders are net-long ,while the number of retail traders net-short was 49.09%.
Today FII’s unwind-ed huge longs and created significant shorts, while retailers created huge longs and unwind-ed decent shorts.
- July expiry range is 10300-11200
- Medium term trend – Till Nifty is holding above 10458 on weekly basis we are bullish on Nifty.