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Monday, April 25, 2011

Nifty Volume watch

In the above chart I have marked a horizontal line in the volume area. Marked some key areas where volume has gone down below that line .We see that when the trend is down with the volume going below that line, we see some good upmoves. 2 times we saw the trend up with the volume going below that line , and we saw huge down moves.

Today the volume has fallen below that line. trend has been down , although it has been a very slight downward movement. Looks like we are going UP very soon . Cant tell if it may happen tomorrow itself.

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