Agilent said:
Thats probably because shorts who were neck deep in water (trouble) must have covered progressively last few days, while prospective Longs (wanting to buy) who are waist deep in water in Mumbai may have found their mobiles drenched and no way to call their brokers.
But seriously... during rallies in 'bearish' times, volumes tend to dry up. So maybe its not the right time to go long
AGILENT
But seriously... during rallies in 'bearish' times, volumes tend to dry up. So maybe its not the right time to go long
AGILENT
Hi Agilent
About shorts and longs you were probably on the mark.
As for the volume I tried to correlate it with nifty volumes with indices value.
Coudn't come to a conclusion. In fact it doesn't seem to generalise in that way. May be theories say that. But then that proves to be waterloo of an analyst. I thought I would collect all data and post it with nifty values. But paucity of time. If you couls help me. I saw volumes on an average oscillating betwee 6000( in troughs) to 9000(On peak).But not a serious decline was noticed.
Waiting for confirmation.
Pankaj