Nifty update: Nifty looks quite ripe for a 5-6% correction wherein one should look to cover existing short positions. The nature of correction will set the tone for the next leg of the run. Once the move plays out, I will post my analysis as to whether I've changed my stance on the index or whether I stay put. Although, I've been on the wrong side of the market, hedging my shorts at the right time minimized the losses and I'm confident that market will reward my patience with the opportunity to exit my shorts with profit. As long as one is extremely clear with the strategy in place, irrespective of where the market moves, one will be in a position to consistently make money in the market.
BTW: @ Eagleone, I got to read your whole message before you edited the same. Irrespective of whoever it was directed at, it was quite interesting. No idea as to why you edited it.
BTW: @ Eagleone, I got to read your whole message before you edited the same. Irrespective of whoever it was directed at, it was quite interesting. No idea as to why you edited it.