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...

Thursday, January 5, 2012


Nifty playing hide and seek today:)).Moving up towards resistance of range made yesterday, giving hope of a breakout and reversing down.Tested the low of the range enticing a breakdown ..last hour bar a green bar and the day ends with no conclusion of its mood.
So , the resistance at 4780 line is still holding on , but no clue of a larger retracement as 4730 was also supported today.Longer it stays in the range, then upmove is expected.
Drawing a temp red PF to assess the swing,the momentum to fall was not there when it tested the UMLH.Instead it moved out of the UMLH .Tommorrow should be a decision day to move up or down and the ST trend will be more clear.
As of now, my ST bias is moving up north towards 4800-4850.

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