Wednesday 13 April 2011

Nifty Long Trade

I have been waiting for a pullback in the Nifty Index on the Daily chart to get long and join the trend and momentum: http://swingtradersedge.blogspot.com/2011/04/weekend-observations_10.html

Finally price on the lower time frames is showing some genuine strength this morning. Price has rallied strongly since the open and recaptured the 5800 level. I am now looking to get long today targeting the previous highs at a minimum. Please see the charts below


Nifty Continuous Daily:



Nifty April 15mins: