NIFTY FUTURE For February 29,
Current position : LONG (at 5157 on 25/02/2008)
Nifty Fut Closed at : 5254.75
Roll-over diff : +14
Profit/(Loss) in current trade : +97.75 (as per last closing price)
Net Profit / (Loss) since thread started : +1396.75 (1299.00+97.75)
Support : 5217
Resistance : 5299
Hold LONG positions with SL 5217 If trades below 5217, exit LONG & go SHORT with SL 5299.
Tomorrow market may swing both the ways hence, if support is broken, we will go SHORT but if again market trades above resistance i.e. 5299, we will only exit SHORT but will not take fresh LONG position and will wait.
Happy Trading.
Vinod