@Nitin sir, even after watching futures videos, i have one confusion on significance of Volume in Futures.
Suppose change in OI in nifty futures in -225 and volume is 5, it means 3 contracts are squared off and 2 contracts of 75 each have changed hands.
Likewise we do TQ/NT in cash segment to get idea what big players are doing, here OI/Vol is used.
but contract size is pre-fixed to 75 (nifty) or 1200(infosys). How will this ratio OI/vol tell us about big players? how are contracts where hands are exchanged relevant ? please clear the confusion.