4:43 pm - Trade #1 triggered short at 878.5

1st trade of FKLI Dec contract triggered at 878.5. Stop loss at 881./881.5 pts.

10:06 am - Tune to FKLI Dec contract

Currently, FKLI Dec is trading at 15 pts discount. The discount is too wide and is bound to close back. However, cash mkt is going downtrend. Watch the 62% retractment of cash mkt. Generally, if cash does not selldown any more i.e. -0.5 pts, the discount will narrow to 8 or 9 pts.

Watch for the setup and long signal.