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...

Friday, December 31, 2010

Nifty moves on...

Nifty closed at 6134 with day high at 6145.Steady move up on expected lines / targets.
Daily Chart 31.12.10

60 min chart

I have marked the previous swing CD.Prices are moving steady within the Andrews pitchfork (thro DE from C ).The calculation of 2 times swing range CD from point E gives a target price of 6194 .This target is close to the confluence of the blue mini median line and the longterm median Line (orange).
At this major median Line resistance is expected.If we get a zoom thro bar then higher targets are probable.The possibility of reaching earlier highs looks very positive if it moves past 6200 levels.


  1. Hi Kavima,

    Wish you a Happy New Year.



  2. hi veer
    Wish u also a very happy profitable new year!