For FKLi to go higher, it has to close today at 925 + 7.5 = 932.5. Buying long at 929.5 . Premium
at now is +6.56 pts.
A short at this moment wud be better but considering the market is trending up. It is riskier to do so.
Too much of a risk especially when this Friday is closing of Sept contract. This is not one of the best buy signal but I wud follow my system.
Trade #8 is long at 930.5. Trail stop loss is at 928.0 pts.
Monday, September 26, 2005
9:48 am - FKLI gap up 2 pts and run away
FKLI hits 929.5 for the first time and I am reluctant to trade until 10 am.
Trade #8 is placed at 10.00 closing price.
Trade #8 is placed at 10.00 closing price.
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