Today the first trading day of 2011 and we are starting investing.
Now, please have look at the chart below. It shows my trades on BANKNIFTY. It clearly shows a 200ema working as the resistance level for this index in one minute chart. (It is very risky to trade with the signals generated on 1 minute chart. I usually depend on EOD and 60 min chart to find out the trend and then trade on 1 minute chart) According to EOD & 60 min chart, BANKNIFTY is in a medium term bear trend targeting to 11050 levels.
The system is a beautiful one for intraday trades.
Best of luck
