The market does facilitate trading in these price areas as we can see a lot of trading activity going on. Volume can be estimated in a number of ways though. Its main use is to identify support and resistance levels in the market, to gauge the strength of price movements, but it is best used in conjunction with other concepts and methods of analyzing the price. The above chart illustrates how supply and demand translates into price movements.
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BUY WIPRO Fut 289.4 to 290 stoploss 289 and first targets intraaday safe 292.2 and cross 293 above then no worry for 295.8-298 Stoploss 289
Excesses of value high and low, should we count will help to identify the breaking out direction?
shahkanchan
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@HemangiWorlikar, "Yes definitely help is to identify the direction side of break out. For example, Value high has 5 excesses and 7 exesses have at value low, therefore down break out higher probability than up.
Trade-Technique
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@shahkanchan, here is the perfect example of your examplanation. Nifty has given downbreak out.