Bank nifty opened slightly higher and consolidated at that level for whole of the day and in the end broke above the consolidated range made an all time high. Today also we need not do any thing only shifting our SAR from 16003 to 16142. Total profit till now 527 Points. Every weekend i would give the rules of the flow system which is follow its a more dinamic system which makes us to get out of loss and hold on to our profits. Today we carried forwarded one long with SAR at 16142.

M.Mahiidar

Enjoying Life

Trend is Friend.

we have carried forward long taken at 15625, today market opened gap up and there after started to move up from there and has closed virtually at the high of the day indicating strength of the bulls. To day we have nothing to do but just sitting and changing our SAR and counting our profits. We carried forward long with SAR at 16003.

M.Mahiidar

Enjoying Life

Trend is Friend.

Mindtech Ltd- Rs.45/-

Above are the weekly charts of Mindtech limited, it has been consolidating at these levels for last six months. The first chart is the long term chart, it can be clearly seen that the stock has formed a triangle from 1999 onwards and it seems to have completed the pattern and broke above the sloping trend line for last 14 years and that too on volumes, which is a bullish signal as far as technicals are considered. it has been consolidating at these levels. it has broken above the sloping trend line for last 14 years moved above came down and touched the trend line and then started to move up on huge volumes, its a perfect technical setup with bullish alternative. The stock has been consolidating at these levels for last six months, look at the volumes over these period which are very huge which is a clear indicating that the informed buyers are buying into the stocks and we might see the stock  breaking above and we can expect the stock moving substantially from these levels. The long term technical break out of 14 years clearly indicates that we might see an all time high which happens to be above 500 levels. If we apply the triangle patter implications, the break out would be equal ant to the longest leg of the triangle which is 490, the break out is at 25 levels which points that we can easily see the stock moving towards 500 level which is 10 times from current levels. But safe case always stop loss below 25 levels to protect our capital.

M.Mahiidar

Enjoying Life

Trend is Friend.

We bought forward our long and today market started to move up and formed a higher pivot low prompting us to shift SAR to its low at 15650 levels. towards the end of the day BNF closed above it and we carried forwards our longs. This Thursday being settlement day at the end of the day last 5 minutes we should close current series future and take the next series position. So at the end of the day we shift our position to next series. In the next series the SAR is at (15755-23) so SAR is at 15732.

M.Mahiidar

Enjoying Life

Trend is Friend.

yesterday we carried forwards one long, today bank nifty opened gap down in our favor and then started to move u and then during afternoon has fallen below the opening low with PH at 15601(SAR), and late in the afternoon market reversed and started to move up and move above our SAR and we reversed our position to long. Bank Nifty has moved up and closed virtually at the high of the day signalling the strength of the bulls. today at the close we carried forward the longs with SAR at low of the day at 15511.

M.Mahiidar

Enjoying Life

Trend is Friend.

Today market opened flat and as the day progressed nifty showed strength and made an all time high again. We have shifted SAR(blue lines moving up).SAR is put at the nearest pivot lows. later in the day market reversed suddenly hit our SAR at 15801, we shorted when it moved below 15777(15801-23(filter)). At end of the day we are carrying forward our short with SAR at 15959. In the last trade we made a profit of 276 points. Total profit made in the total uptrend we made a Profit of 710 points.

M.Mahiidar

Enjoying Life

Trend is Friend

We have had our SAR at 15500, so SAR works out to 15477( considering a filter of 23). the market moved below it and we reversed our position to short. whole during the day the market did not move any where and closed at 15501 which was above our SAR  which triggered short(15500). So we have to go long again the the end of the Day with SAR at the low of the day.

Positions carried - Long in with SAR at 15450

Status of profit or loss.

Long Position - Made a profit of 434 points and loss on short position - 23 Points.

This is know as EOD reversal:- We reverse our positions to short in SAR being triggered. But at EOD market move above the point which triggered our short and closes above it, so at the end of the DAY we reverse out position to LONG. this is applied because the bears have failed to take the market below and have been successful in taking the market above the point which triggered our short. This is taken only on day on which fresh position is taken not on other day.

M.Mahiidar

Enjoying Life

Trend is Friend.