>>>17May - 19 May

17 May 06 - Went long = 3560

18 May 06 (i) Closed Long @ 3525 (Loss mainly due to gap down).

Loss = 35 points

(ii) Opened fresh shorts @ 3525. The nifty at close on 19 May @ 3246 (Open).

Running in Profits as of now = 249 points.

Notice how the Nifty showed resistance around midday on 19 May 06 close to the 377 EMA line. As per advice given we did not close our shorts and our posns have shown huge profits.

This trade was closed later on 23 May with a huge profit of 400 points. Wow! Such moves should never be missed.