Market Internal tool used for trading Nifty Futures and Options
Calculation Method: Underlying stocks Free Float Market capitalization weightage has been used to calculate the outcome.
Data Taken from IISL
Red Line: Down Volume of Underlying Stocks of Nifty
Green Line: Up Volume of Underlying stocks of Nifty
Black Line: Difference of UP and DOWN Volume
Gray Line: 10 PERIOD SMA of Difference Volume
Interpretation: By seeing you can visualize how the underlying volumes are affecting the Nifty Price action.
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