Saturday, February 23, 2013

weekly support and resistance levels 25 feb to 28 feb 2013




WEEKLY SUPPORT AND RESISTANCE LEVELS                       
FROM  25 FEB TO 28 FEB 2013
                                                                                                              Anurag Gupta
                                                                                          Email id –anuraghsr@yahoo.com
                                                                                           MOBILE  9255191643


SYMBOL
CLOSE
TREND
RES2
RES1
TREND LEVEL
SUPP1
SUPP2
ACC FEB
1300.35
BULLISH
1412.72
1356.53
1303.92
1247.73
1195.12
ABIRLANUVO FEB
1074.60
BULLISH
1122.23
1098.42
1069.18
1045.37
1016.13
AMBUJACEM
198.35
BULLISH
208.12
203.23
195.47
190.58
182.82
ARVIND FEB
85.15
BEARISH
90.55
87.85
86.05
83.35
81.55
AUROPHARMA FEB
181.20
BEARISH
195.80
188.50
182.00
174.70
168.20
AXISBANK FEB
1411.75
BEARISH
1481.12
1446.43
1422.72
1388.03
1364.32
BAJAJAUTO FEB
1990.95
BULLISH
2061.92
2026.43
1984.22
1948.73
1906.52
BANKNIFTY FEB
12100.50
BEARISH
12650.33
12375.42
12217.08
11942.17
11783.83
BHEL FEB
204.80
BULLISH
216.67
210.73
207.27
201.33
197.87
BHUSHAN STEEL FEB
458.90
BEARISH
467.13
463.02
458.28
454.17
449.43
CENTURYTEX FEB
362.45
BEARISH
390.58
376.52
368.83
354.77
347.08
COALINDIA FEB
332.70
BEARISH
355.43
344.07
337.48
326.12
319.53
DIVISLAB FEB
1052.50
BULLISH
1088.00
1070.25
1048.20
1030.45
1008.40
GAIL FEB
340.85
BULLISH
353.92
347.38
339.87
333.33
325.82
GRASIM FEB
3019.95
BEARISH
3138.55
3079.25
3030.65
2971.35
2922.75
HDFC FEB
799.65
BEARISH
843.68
821.67
807.28
785.27
770.88
HDFCBANK FEB
661.20
BEARISH
689.50
675.35
667.70
653.55
645.90
ICICIBANK FEB
1094.90
BEARISH
1166.40
1130.65
1105.35
1069.60
1044.30
INFOSYS FEB
2840.25
BULLISH
2957.85
2899.05
2833.10
2774.30
2708.35
JINDALSTEEL FEB
358.60
BEARISH
401.50
380.05
366.60
345.15
331.70
JSWSTEEL FEB
775.45
BEARISH
841.95
808.70
787.85
754.60
733.75
KOTAKBANK FEB
666.75
BEARISH
688.58
677.67
668.43
657.52
648.28
MARUTI FEB
1439.40
BEARISH
1558.67
1499.03
1466.52
1406.88
1374.37
NIFTY FEB
5853.95
BEARISH
6033.85
5943.90
5884.45
5794.50
5735.05
ONGC FEB
323.85
BULLISH
342.98
333.42
324.78
315.22
306.58
RANBAXY FEB
413.50
BULLISH
433.30
423.40
417.40
407.50
401.50
RELCAPITAL FEB
407.55
BULLISH
429.62
418.58
407.92
396.88
386.22
RELIANCE FEB
864.65
BULLISH
904.52
884.58
859.97
840.03
815.42
SBIN FEB
2203.90
BEARISH
2329.07
2266.48
2231.32
2168.73
2133.57
UNITEDSPIRITS FEB
1815.80
BEARISH
1964.50
1890.15
1846.65
1772.30
1728.80
WIPRO FEB
415.70
BULLISH
433.57
424.63
409.82
400.88
386.07
ZEE ENTER FEB
219.80
BEARISH
238.10
228.95
220.65
211.50
203.20
PLEASE UNDERSTAND BEFORE YOU TRADE
TRADING GUIDELINES (or how to trade using this sheet):
1. This model is based on the premise that the TREND LEVEL is the most important price level that decides the intraday trend. Much like how the door or a window hangs by a hinge and sways in the wind, the intraday trend also hangs by this TREND LEVEL and swings because of the demand-supply, volatility and market sentiments prevailing in the market. Hence its importance in intraday trading.
2. Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low.
3. If the market price is stable above the TREND LEVEL, then GO LONG. and book profit near the resistant level (res1 and res2)
4. If the market price is stable below the TREND LEVEL, then GO SHORTand book profit near the support level (sup1 and sup2)
5. STOP LOSS: Since you are aware of the 'potential returns' at the time of initiating an intraday trade (difference between the entry price and profit targets), you should set up an appropriate STOP LOSS  around 1% above below of the trade price to protect yourself if the market turns and goes against you.
6. ALTERNATE STRATEGY: If you have already initiated a trade with clear-cut profit targets and a stop loss level, and find during the course of the trading day that the market turns and goes the other way and crosses the TREND LEVEL, then trade again:
     .For instance, if your first trade was a LONG trade and the market price drops through the TREND LEVEL to lower price levels, then GO SHORT.  
         . And, if your first trade was a SHORT trade, and the market price rises through the TREND                                      LEVEL to higher price levels, then GO LONG.
Anurag Gupta is a professional analyst and investment consultant having a rich experience of around 21 years successfully predicting the movement of Indian Stock Market. With an enviable track record of more than 90 % accuracy consistently, we firmly believe that the Key to success for Indian stock market is a rare combination of Money + Method + Time + Target. It would be a very difficult task to achieve perfection in all above, but we have been able to go very much close to the same by continuously practicing the guru mantras for stock market over the past 2 decades Self confidence, Hard Work. My email id and chat id anuraghsr@yahoo.com. Mobile no 9255191643. You can watch his daily news letter on http://www.ways2gain.com/anuraggupta_daily.html. We provide paid service also for intraday trading Nifty Future Call + intraday call in fno and in capital market + daily news letter + BTST/STBT+ delivery base call for swing traders and short term investors. Based on news and technical by sms.