The world markets are presenting a divergent picture (as per MyTS). Crude and Copper are in a BUY mode while Gold and Silver are in a SELL mode. The Dollar continues its rally. The Equity indices like HSI and HSCEI are in a SELL mode while most of the other indices are BUYs.

This divergence is great if one trades all markets with similar capital risked across the markets. The divergence automatically builds in a long and short position across markets. The problem for me naturally is that I have to live and die by the Nifty. If MyTS goes wrong on the Nifty then clearly I am in trouble.

Currently I am long the Nifty from 5200 levels. The stop for this trade is at 5045 today.

The last few days have been particularly boring in the markets. This is also evident in the fact that the Average True Range has kept dropping. It currently stands at less than 2% while in the first half of this calendar year it was hovering around the 3% mark. This is a sign of a market that is not clear about its direction-an inactive market.

So I guess this means that all of us have to wait for the New Year to see any action. I hope that long term investors take a view and decide to do something. Either BUY big time or SELL large. That is when traders like me can come to the party!!!