Nifty daily chart analysis

• Nifty has broken out of the five week trading range of 5349 - 5492. Now this breakout is targeting a number above 5600. But the corrections should be limited 5486 on closing basis.
• The index has closed above 5 day high ema.
• The third chart shows easy entries on a range breakout. If one has the patients to wait for such good entries he or she can get profits easily. But they may only get one or two profitable trades in a month. As my MASTER (ILANGO) Use to say "You will feel happy with one or two good trades in a month. Get rich slowly".
• Finally one more thing i have observed is that the reversal from below 20 SMA has given good profits. This happens when the stock or the index is in an Up trend.
• DLF LTD TRADING NEAR 200 DMA