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, December 20, 2011

20.12.2011 Tuesday

5 min intraday charts

60 min chart

Monday, December 19, 2011


The intraday movement was in a range .A pause day after the deep fall.All cues are negative and we're looking towards more downside targets as price takes the path of least resistance.

Friday, December 16, 2011

16.12.2011 Friday

A massive fall in the shortest time!!
I was reading many blogs and opinion was divided about a major move on either direction and looks like the bears have won.
The mood was indeed tense to be in the right direction and so was I.Nifty favoured my bias and fell heavily.Unfortunately could not follow intraday and missed seeing the live action but happy with my short positions.Will hold it to till the momentum eases out near the Median line and will take a call on the next trade.

Thursday, December 15, 2011

Wednesday, December 14, 2011

14.12.2011 Wednesday

5 min intraday and eod charts posted above

If 4730 zone turns out to be a support and price moves beyond 4800-/ 50 sma in 5 min charts, then the pullback continuation can happen.Otherwise below 4800, the downtrend looks to be continuing.

Tuesday, December 13, 2011

Monday, December 12, 2011

12.12.2011 Monday

60 min and 5 min charts

Friday, December 9, 2011

9.12.2011 Friday

60 min chart

5 min chart

Thursday, December 8, 2011

8.12.2011 Thursday

Intraday 5 min chart posted at 11.30 am

EOD 5 min chart

60 min chart eod

Price reached
1.50 Sma at EOD
2.Equal to a previous swing low at 4915-20 zone.
3.38.2 % R of previous swing move 4639-5097
4. Touched base of Trigger line / Trendline from Pivot through point C of current PF.
This can be considered as support for the fall today.
Price can retrace till 5000 zone to touch the new Blue downsloping pitchfork UMLH which is a good location to reenter shorts.
Targets 4850-4800 zone at the Blue ML.

Wednesday, December 7, 2011

Monday, December 5, 2011


Price moved within a narrow range today.In view of a holiday tommorrow, probably not much of movement.Price has been held within the Magenta PF and moving sideways .
What next?
Drawn a green parallel channel between recent Swing highs and low.If the sideways move continues, it can hold 5000 and move up towards the target 05 5100-5130.If not, a breakdown can lead to 4950-4850 zone.
Bias is towards testing of 5100-5130 area as we are in short term uptrend but should have caution for sudden volatile moves leading to a breakdown.

Friday, December 2, 2011

2.12.2011 Friday

The week ended on a good note with a good rally .In fact today's swift move was also a surprise when the expected was a consolidation day and another of those days when it jolts you that the market is always supreme.
The expected move till 5100 - 5130 zone looks reachable with no immediate resistances upwards.
Stochastics ,though showed a divergence ,moved past the TL and has turned upwards.Signal for the next high should surface in the next few days.
And one more probable upmove till 5230-40 area if global cues are stable.

My expectation for the move forward is

5060 - 5100 (61.8%R) -5130 (at juction of downsloping TL and majenta UML) - 5050 ( previous wave minor swing high resistance turned support line) - 5200 ( Junction of current Main ML and UMLH of previous median line set)

Thursday, December 1, 2011