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...

Monday, January 24, 2011


daily Chart 24.01.11

The past two day movement was range bound and the mood of market was difficult to judge for initiating new trades.Prices hovering near 50 Sma formed a flag like formation near the TrendLine break.However the low of pullback was not confirmed at EOD.
Today's move above friday's high touched the median line and moved much higher to reach 5750 levels.This corresponds to the previous swing high, which is a target level.
Small pullback at 5750 levels till 5721 and EOD at 5742.
For tommorrow buy at 5750 for target 5850 as projected with MINI median line.Stoploss level will be 5715.

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