Today i carried forward on long with SAR at 16163.Today was an event full day, market swinging from one direction to other. In this we have our SARs being hit. The market opened slightly strong there after it moved down and hit our SAR so we reversed our position to short resulting in loss of 51 points. There after it made a low of 16135 and after that it reversed and started to move up and closed at 16238. During the last 5 minutes we reverse our position to long as on the basis of EOD reversal.

EOD reversal- (its only on the day in which the position is taken) the market hits our SAR and we reverse our position to short and on the same day if at the close it moves up and move above our SAR( which has resulted in taking short position) then we should reverse our position to long. The reason being that the bears did not have strength to taken it lover that the SAR which signifies the strength of the bull considering this we reverse our position to long. 

we carried forward long with SAR at 16160.

M.Mahiidar

Enjoying Life

Trend is Friend.