Apr

2

The flagship contract of Nifty Index Futures closed below the 200 DMA today. So many people were talking about it on the TV, on phones, and elsewhere, as if a strike on the markets similar to what came by in the movie Independence Day from aliens is around the corner.
 
Also, Nifty Futures has witnessed five whipsaws of the 200 DMA since mid 2003, each witnessing a breach of 3-5% followed by a giant return of the bull. So, one could not resist telling curious clients that today's breach is the first alert for polishing the cane and keeping it ready for a walk by late tomorrow.

Also, in the movie Independence Day the collective crisis facing the globe forced all political philosophies across the globe to rally their resources and belief behind Air Force One. The tool of collective crisis in building teams and solving insurmountable problems has such close parallels with days such as today when you almost take the cane out, but resist the desire to hobble to the big building for a day or two.


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