This paper measures the investor's sentiment in stock market. There are two indicators to measure investor sentiment either directly or indirectly, Closing price of stocks and traded volume as proxy variables (indirect method) were used for analyses. This study finds the connection between investor's sentiments, which depends upon the bullish and bearish market trends. After analysis, it is concluded that bullish and bearish trends in the stock market are appropriate measures for measuring the investor's sentiments as per results shown in this study.