✨TERM OF THE DAY✨ = MARKET MOVER (VIEW SHARED AS READ)A MARKET MOVER IS AN INDIVIDUAL
OR A FIRM
READY TO BUY OR SELL A PARTICULAR SECURITY
THROUGHOUT THE TRADING SESSIONS,
PROVIDING BIDS AND ASKS ALONG WITH THE MARKET SIZE OF EACH.
MANY MARKET MAKERS ARE OFTEN
BROKERAGE HOUSES THAT PROVIDE
TRADING SERVICES FOR INVESTORS
IN AN EFFORT TO KEEP FINANCIAL MARKETS LIQUID.
MARKET MOVERS ARE PROFITING ON THE BID-ASK SPREAD,
WHICH IS THE AMOUNT BY WHICH
THE ASK PRICE EXCEEDS
THE BID PRICE OF A MARKET ASSET.
Learning
CENTURYTEX Bullish Breakout above horizontal resistance (top one) with good volumes after long contraction in price range and volumes.
Support on 200ema identified.
NIFTY Weekly ViewBelow is my view for NIFTY for coming week
1. April 14 : Trading Holiday
2. April 13 : Lock down extension news
3. There could be some news on stimulus package, but I think it is not going to be enough to create sudden jump on the upside.
4. But with current momentum NIFTY could well go up first 9400 - 9600.
5. Hence intraday positions should be on the long side.
6. No reversal trades without change confirmation.
Since 10000 - 10100 zone is not broken and sustained, I still keep my view as this bounce is going to fail. I cannot know when.
1. This means no long position is carried overnight.
2. NO naked PUT selling overnight.
3. Profits to be booked aggressively even if it may feel that its just missing the large uptrend.