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Volume Breakout

October 19, 2008

It was quite an interesting thing to note on Friday morning,an unprecedented buildup of volume in weekly charts for NSE Nifty.

Attached is the chart:

Tremendous buildup in NIFTY volumes seen in the last six weeks

Tremendous buildup in NIFTY volumes seen in the last six weeks

The blue thick curve is a 14period EMA of volume, the chart is in weekly.

What does that mean?

[And I dont know anything! 😀 I am so not trying to pick the cringe inducing ‘B’ word ]

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