Friday, May 31, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS FROM 03 June TO 08 June 2013


WEEKLY SUPPORT AND RESISTANCE LEVELS                       
FROM  03 June TO 08 June  2013
                                                                                                              Anurag Gupta
                                                                                          Email id –anuraghsr@yahoo.com
                                                                                           MOBILE  9255191643

NOW U CAN SEE ALL WD GANN LEVELS ON DAILY  BASIS IN MY BLOG


SYMBOL
CLOSE
TREND
RES2
RES1
TREND LEVEL
SUPP1
SUPP2
ACC JUNE
1225.70
BULLISH
1269.17
1247.43
1230.77
1209.03
1192.37
ABIRLANUVO JUNE
1064.40
BEARISH
1131.03
1097.72
1074.68
1041.37
1018.33
AMBUJACEM
183.40
BEARISH
190.77
187.08
182.92
179.23
175.07
ARVIND JUNE
82.25
BULLISH
86.88
84.57
80.48
78.17
74.08
AUROPHARMA JUNE
171.75
BEARISH
187.65
179.70
174.85
166.90
162.05
AXISBANK JUNE
1436.40
BEARISH
1519.27
1477.83
1448.42
1406.98
1377.57
BAJAJAUTO JUNE
1826.75
BULLISH
1909.72
1868.23
1813.47
1771.98
1717.22
BANKNIFTY JUNE
12484.05
BEARISH
13159.08
12821.57
12641.28
12303.77
12123.48
BHEL JUNE
199.60
BULLISH
213.40
206.50
199.00
192.10
184.60
CENTURYTEX JUNE
280.65
BEARISH
318.08
299.37
289.03
270.32
259.98
COALINDIA JUNE
325.50
BULLISH
339.70
332.60
322.80
315.70
305.90
DIVISLAB JUNE
981.05
BEARISH
1025.68
1003.37
984.18
961.87
942.68
GAIL JUNE
308.90
BEARISH
346.33
327.62
316.98
298.27
287.63
GRASIM JUNE
2874.15
BEARISH
3051.32
2962.73
2911.42
2822.83
2771.52
HDFC JUNE
884.05
BEARISH
952.52
918.28
898.22
863.98
843.92
HDFCBANK JUNE
700.00
BEARISH
737.80
718.90
708.10
689.20
678.40
ICICIBANK JUNE
1161.70
BEARISH
1241.90
1201.80
1178.60
1138.50
1115.30
INFOSYS JUNE
2419.20
BULLISH
2507.83
2463.52
2384.83
2340.52
2261.83
JINDALSTEEL JUNE
286.00
BEARISH
321.60
303.80
294.00
276.20
266.40
JSWSTEEL JUNE
686.85
BEARISH
743.58
715.22
699.78
671.42
655.98
KOTAKBANK JUNE
783.65
BULLISH
826.68
805.17
785.08
763.57
743.48
MARUTI JUNE
1616.90
BEARISH
1702.17
1659.53
1631.27
1588.63
1560.37
NIFTY JUNE
6000.05
BULLISH
6192.85
6096.45
6034.60
5938.20
5876.35
ONGC JUNE
328.65
BULLISH
344.45
336.55
328.95
321.05
313.45
RANBAXY JUNE
377.50
BEARISH
423.00
400.25
387.75
365.00
352.50
RELCAPITAL JUNE
327.75
BEARISH
363.42
345.58
335.92
318.08
308.42
RELIANCE JUNE
811.75
BULLISH
869.82
840.78
820.67
791.63
771.52
SBIN JUNE
2058.60
BEARISH
2204.00
2131.30
2091.80
2019.10
1979.60
UNITEDSPIRITS JUNE
2432.75
BEARISH
2697.35
2565.05
2482.70
2350.40
2268.05
WIPRO JUNE
324.25
BEARISH
359.45
341.85
327.20
309.60
294.95
ZEE ENTER JUNE
227.95
BEARISH
247.92
237.93
232.27
222.28
216.62
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.