Total Bid Quantity (vs) Total Offer Quantity

[rmani84]

This should be an interesting read and info for day traders and short term traders and for those interested in short term movement of a stock.

Now, we all know that fluctuation of stock price is due to tug of war between supply and demand. When you check a quote of a stock, you can find info on "Total Bid Quantity" and "Total Offer Quantity".

"Total Bid Quantity" (TBQ) is the current no of buy order quantity in the system or in other words Demand. "Total Offer Quantity" (TOQ) is the current no of sell order quantity in the system or in other words Supply.

Now, if for a stock TBQ is much higher than TOQ say more than twice in ratio, one can say the stock will be bullish during that particular day. If the ratio consistently stays high for days together, it could potentially rally.

On the other hand, if TOQ is much higher than TBQ, then the stock most likely will face weakness during the day and may be subdued if the ratio stays that way consistently for days together.

With large caps, one can very easily understand the trend for short term. In small caps and mid-caps, its easy to predict the intra-day trend and helps predict lower circuit (LC) and upper circuit (UC).

[VishnuKart]

Thats interesting.
Ideally my Sell order dont get executed if Demand(TBQ) is Zero right?