Stock Futures Trading Made Ezy - Relinfra

I missed the move of Reliance Infra from its low of 988 on 27th Aug. Confirmation to bullish reversal were evident in charts on 30th and 31st Aug. But yet I missed it. And the culprits for this miss were the positions in Reliance and J P Associate, where I was busy doing damage control. If you have missed my thoughts on trades in Reliance and J P Associate, here are the links again:
http://www.stockezy.com/opinions/7405/stock-futures-trading-made-un-ezy-reliance-industries/
http://www.stockezy.com/opinions/7419/stock-futures-trading-made-un-ezy-j-p-associates/

By the time I could disengage my mind from Reliance and J P Associate, Reliance Infra had already closed at 1040 on 3rd Sep. Next trading session on 6th Sep, I gave a call to my subscribers at http://www.stockezy.com/ to buy Relinfra Sep Futures between 1035/1040 for a target of 1070/1075. With the prevailing uncertainty in the market it was a buy call slightly on the higher side for Relinfra. But I still went ahead because of the following reasons:-

1. On 3rd Sep Relinfra had convincingly closed above 10 day EMA. 
2. Its 20 DMA line was at 1050 price level. 
3. Its 30 day EMA was at 1065 price level.
4. The upper band of Bollinger was forming at price level of 1080.
5. Even its 200 DMA was converging on price level of 1080 to give resistance.

So it was expected that the scrip will finally try to test its major resistance at 1080. But the smaller resistances at each level was worrying me along with the fact that we had entered the scrip at a slightly higher level. Uncertain market conditions were also not helping me firm up my mind. Therefore to be on safer side I gave out instructions to trade with trailing stop loss. Trading room details are in this link: http://www.stockezy.com/opinions/7331/buy-relinfra-sept-fut/  From this link I am reproducing below the relevant comment thread which gives out my safety instructions keeping in mind all resistance levels:-

Posted by Archana Debnath - Mon, Sep 06, 2010 12:52PM IST

“

As it crosses 1055, put trailing stop loss at 1050. After it crosses 1060, put S/L at 1055 and wait 4 tgt of 1070/1075

”

Finally trailing stop loss was met at the very first resistance level. So my subscribers had to exit this trade with  intra-day profit of about Rs 3000/-. Academically speaking,  the scrip made a high of 1087 on 14th Sep, but my subscribers had exited intra-day on 6th Sep itself with some profit from a trade which was intrinsically a risky trade. And the reason for being risky was that I could not catch this trade at its low, to provide for the conviction I neded to hold for long.