Mid term swing trading

Hello Guys,
Another thread on technical analysis. I'm creating this thread mainly to keep track of my thoughts based on technical analysis on stocks and indices. Seniors and other analysts are always welcome to post their agreement or disagreement on any of the post in this thread.

Some warnings:
1. As you might have guessed I'm kinda newbie in stock market, so would focus on not making losses. Other newbies are expected to not believe on my analysis it may be wrong (in most of the cases).
2.I'm part time trader so I don't do intraday, and generally try to grab short term swings (1week to 1month length). so this thread will be bit slow moving.
3.If you are searching for some thread which says make your money 10x in 1yr, this is not the one. I started trading in Jan 2012 and till March I was just in 14% profit . However I'm expecting these figures to improve with experience.

My trading pateform:
apti-stock: Stone-aged, good only for EOD data analysis, nothing attractive just very easy to use. Pls let me know if you know some other better free goodies.

Thanks
Aditya

Just now nifty broke the 4 months downtrend resistance but it's still below 517520 line which has played significant role as resistance and support in past. So right now market is bit confusing. However at last bottom in May market did bounce from 10 yr uptrend support line, so my over all indication goes bullish, but I would prefer to wait for market to move either above 5200 or below down trending support line.

Can anyone suggest me some image sharing website. I'm not able to share my charts as of now, it would have given much better picture why it is confusing.

You can use imgur.com or tinypic.com

Check my signature for instructions on how to upload charts/images.

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This is how my EOD chart looks like, thick lines are more important as those have been tested multiple times in long term. However I am expecting a dive in WW28 or 29 but not very sure. so I'm going to wait for some more time for market to decide some direction.

Try to reduce the size of the chart.

Alright I was too excited after reading this post on trading "lowest priced" nifty pairs, it seems soooo risk-free and I could not avoid doing some additional analysis on it, as I have to tweek it for multiday trading.
I ended up downloading options EOD data since mid 2009. wrote a code to get the lowest priced pair for each day for each expiry date. I had to choose closing price because I have only EOD data.
Here is a chart on how price of "lowest priced pair" (y axis) varies with the days remaining for expiry date (x axis). for this chart I used data from 2011-01-01 to 2012-07-16. below are the chart lines:
blue: average price of lowest priced pair for perticular remaining days for option expiry
yellow: lowest
red: highest

right now I'm trying to find out some source for live option data to use in my code, once I find it, after some additional analysis I'll jump into trading these pairs.

BTW pair is: (strike price) PE and (strike price + 200) CE

seriously guys .. is there any place on nse's site from where we can get live data? CSV or XML format is prefered. Please share if you know URL to get live nifty options data.

I found some way to get this data from nse web site this is what my tool shows now, it's ugly and some more modifications are required, but shows enough information for now, it looks like a good buy signal, but feeling bit afraid to do first trade. Let's make it paper trade for now and let's see how it goes: