3 Laughing Monks & Stock Highlights

Stock Highlights - 16.08.2021 (Monday)

• Eicher Motors fell another 2.00% (50.95 points) and closed at 2495.85. Before the Q1 results it was trading around 2730 and undergone huge profit booking and trading around 250 points lower
• Cummins India gained reasonable price after the result and closed around 984.00 today. Though it has not touched all time high, it is trading at good numbers with good volume
• Bata has gained reasonably after the Q1 results and closed at 1691.35. Today it was on the negative side, but can be a stock for long term investors
• Reliance Industries gone up 1.30% (27.85 points) today and closed at 2173.50. It touched its crucial resistance of 2203 and need to observe for further moves
• HDFC Bank was very neutral today and closed at 1530.60, It is always a stock for long term investors
• Infosys and few IT stocks were dragged down. Infy closed at 1704.40, which is 7.80 points (0.46%) down

Laughing Monks 

Many years ago in china there lived 3 laughing monks, their names were not known to anyone and they never cared of disclosing their names to anyone. Their job is to visit new places and just laugh. They never talked to anyone nor responded to anyone who came to talk to them. They answer people with their laugh

These 3 monks go to the center of any village and laugh at each other loud, they never laugh by criticizing anyone nor their laugh never discouraged anyone for their action

They just spread the positive vibration through their laugh. By knowing these 3 monks activity, everyone across china liked these monks and infact many people start laughing with these monks

Many years passed, one fine day, one of the monks died when they were laughing. People in the village working in the field came running to see what was the reaction of the other 2 monk for the loss of their good friend. They were thinking these 2 monks will be filled with sorrow but for their surprise, the other 2 monks were laughing still louder and they can't resist their laughter

When asked why they were still laughing when their friend just died, for the first time they replied, last evening when they were walking to this village, the monk who died now was the one asking who will be the first one to die and he won. So, these 2 monks were laughing that his friend won

There was a custom to clean the body of the dead and then they fire the body but the monk who died told their friends before his death that he was always clean and never been filthy, so don't change my clothes after i was dead. As his friend's wish, they kept the body with the same old clothes which he was wearing and carried away with the funeral. when the body was fired with the old clothes they saw great fireworks came from him and lighted the whole sky with colors. The other 2 monks started laughing still louder and told he again won by making them stop laughing for a while

These 3 monks told the world through their laugh, humans are the only animals who are gifted with laughing skills and this world is made for spreading the laughter and happiness. When we feel lost or when we feel disturbed through any actions, just take some time to stand in front of the mirror and laugh, it will give a different feeling and you would get new energy flowing through out the body

Similarly, there might be many situations in investing world where people go wrong in taking wrong positions. This happens most of the time in trading and would make people to wait longer to come out in breakeven. During those time, take a deep breath and laugh. we will get new energy and our mind gets freshed up

Don't panic and take immediate position to cover the losses. Investing world doesn't work that way. Everyday is a new day and people work in the finance system to cover the losses tend to book more losses. Always we should try to take one step forward from where we are, and we need to maintain the consistency which will give us the joy of compounding wealth.

Have a Great Day

B G Nareshkumar