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 23, 2012

23.01.2012 Monday

Still in indecision zone.Is Nifty waiting for one more batch of buyers to push it to the top or will it back out in its rally tommorrow.No clue as per charts but very close to the initial testing of the breakdown point from the Green LMLH.Looks like there may be another day of testing the support levels.Longer it takes, the upward move prospects will be brighter rather than the correction to the current rally.

Daily chart analysis

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