Yesterday we carried forwards on long with SAR at 16087(16112-23(filter)). to day market opened flat but after wards it started to fall steeply and hit our SAR we reversed our position to short as the SAR was hit. There after the market fell very sharply and closed at the low of the day indicating weakness of the market. Today i.e on 17th the market opened with gap up but it again moved below the yesterdays low prompting us to shift our SAR to pivot high formed today PH is at 15980 so SAR is at 16005 after buffer of 23 points. Now we have to see whether today the PH would be taken out or not. The the last long transaction there was a loss of 133 points.

M.Mahiidar

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