Coincidentally, today i also had same doubt/query and we seek Nitin sir’s guidance on the same. I am analyzing OI and Volume relationship. i see there can be below scenarios:
1) OI increased & Volume increased
2) OI increased & Volume decreased
3) OI decreased & Volume increased
4) OI decreased & Volume decreased
We can definitely make out from OI/Volume ratio, if big players are playing or not, but need a conclusion on above scenarios.
Any guidance on above scenarios will be really helpful.