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Old 29th April 2013, 06:57 PM
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Quote:
Originally Posted by man4urheart View Post
Volume is clear. What signal turnover generates in trading?

Basically volume is more important or turnover?
As far as Nifty is concerned, I give more weight to turnover than volume.

Volume isn't a good indicator for Nifty because the same volume in different stocks has different implications for the respective stocks as well as the index.

If a large buyer buys 1 crore shares of J.P. Associates, the stock will rise by 10%-15%, but the Nifty will hardly move.

If the same quantity of Infosys is purchased, Nifty will rise sharply and the stock will just explode.
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