Path of the Warrior of Light

The Nifty rallied again yesterday to come within a percent of my stop. I am short-as you probably know by now- and will cut my short positions and go long above 5635. For me nothing could be worse than waiting, on a daily basis, as the market inexorably moves towards my stop. Every inch of my being screams out to me to cut my losing positions and avoid the excruciating pain of the daily losses. But long years in this battlefield of the mind has taught me to always choose the more difficult path viz that of my system. Not every time does doing the right thing pay off but the experienced warrior in me knows that overall-in the long run-it is always does. I have therefore trained myself to ignore the pain-to laugh at it-to ingrain it in my entire being and finally to almost consider it as my faithful companion. Following the Path of the Warrior of Light is fraught with horrible dangers, filled with pain and does not come easy. But for those who do, the journey is its own reward.

That was not bad, was it? I was taking a cue from my note of yesterday and living in this Alternate Reality of an ancient warrior. I think it was quite a nice analogy. To come back to our current reality, most markets came close to moving into uptrends. However, given the way Asia has opened, it is most unlikely to happen today. Actually, I have a very very interesting short trade idea. If Nifty Jun Futures falls below the first hours low or 5544---whichever is lower-- then sell it for a target of 5300. The stop for this trade is 5635. Always good to have a continuation SELL in an existing trend.

I had given a few stock BUY calls in the last few days. KMB, ICICIBC, MSIL, BPCL, TATA. There was only one SELL call viz HUVR. Hopefully, some of the BUY calls perform even if the market does not!

Finally, dear reader, I hope you find your own Path of Light in these times of Darkness.