Bid ask quantity indicators

[Ameet148]

Can anyone explain what the ask qty and bid qty indicate?Does it mean that I should short sell when there's more bid qty or should I buy and vice versa?

Regards
Ameet148

 

[manojborle]

Can anyone explain what the ask qty and bid qty indicate?Does it mean that I should short sell when there's more bid qty or should I buy and vice versa?

Regards
Ameet148

NO
It just shows buying quantity present @ certain price and selling quantity present @ some price.
If you want to trade based on bid ask, you must be able to monitor where the balance is shifting and then only you can trade

 

[bunny]

Never use the bid or ask quantity to trade. Exchanges have given us the option of not disclosing the entire order quantity. We can disclose as less as 10% of the order size. So when you see a size of 500, there may be as much as 5000. Further, large orders are placed by members who have high-end hardware, so they can cancel their orders even before they are displayed on your market-depth window. Beware!