The trade has started to give profit. This is the strength of the Method. we have short at the end of the day at around 10370 and today the bnf after opening flat started to move down and closed virtually at the days low as per the system we have added at the low of the 10 am candle, and continued to hold the original and also add. only thing we have done today is shift of SAR(stop Loss). We are carrying our original short and also one add.

 

Another point also to be noted is that, yesterday I have indicated that bnf is forming flag and any break of 10250 would indicate the start of the down trend and has all chances of reaching around 9400 levels. Today it has moved below that level and has indicated the down trend has resumed and we have chances of moving down 10% from current levels.

 

M.Sri Mahidar

Trend is Friend.