Trading with Median lines is a system and a leading indicator suitable for Swing trading.I am following this strategy for Nifty and Bank Nifty with good results.Those interested to trade with Charts and Price action to analyse target price, support and resistance levels will find this strategy very interesting.

Feedback welcome!Happy trading...

Thursday, December 2, 2010

NIFTY consolidating at Upper Median line Parallel

15 min chart / 60 min chart
As expected the price hovered around the Blue Upper median line in a range after gapping up.
If price pullbacks to 5950 will add a position or else hold the current positions till it reaches 6075 / 6090 / 6100 levels.

Daily chart

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