Swing Trade Nifty

April was the month of consolidation for Nifty with sideways move providing good opportunity for swing trades. As Nifty continues to swing between the well defined channel,  forming an expanded flat before the next big move which may coincide with the election results. One must be prepared to alter his trading strategy, with the increased volatility as a knee jerk move in Nifty is a possibility.

Coming to the swing trade, the swing of 6665-6810-6680-6850-6720 provided a cumulative 555 Nifty points opportunity for the traders. The use of trend transition technique of Triple Trend Oscillator  provided an easy guide to initiate the swing trades. As can be seen in the attached chart, the 15 minute trend oscillator lead the trend change to initiate trades to capture the swing. Being at the lower end of the channel, the trend transition is again pointing to  the developing divergence.