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...

Tuesday, May 10, 2011


Update on price movement as per yesterday's projections
Price went down upto 5535-( 5530 expected) and was resisted at the Red median Line several times with high of 5593 and fell down to a low of 5514 and closing at 5541.Expecting further downmove tommorrow.

Projections for tommorrow_11.05.2011

Drawing the red pitchfork with todays high at the median line, price tested the Upper medain line at 5580 and was a good point to short Nifty.Price did fall down and expecting it to go down till 5475-5470 levels.Consolidation at those levels / breakdown will make Nifty go down swiftly to the lower targets projected earlier.

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