mkpai's  Instablog

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I am a CMT. I trade index futures.
My blog:
  • Nifty Climbing "A Wall Of Worry" 0 comments
    Oct 18, 2012 4:53 PM

    The H&S in the Nifty was negated today.

    (click to enlarge)

    The immediate trend is now upwards. The index is headed to 5815 which was exceeded on Oct 5.

    (click to enlarge)

    At this late stage, it is advisable to trade the Nov future rather than the Oct future. The Nov future should reach 5870 which is where it was on Oct 5, the day of the flash crash.

    Trading calls will appear on my trading blog

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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