Saturday, May 4, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS FROM 06 MAY TO 11 MAY 2013


WEEKLY SUPPORT AND RESISTANCE LEVELS                       
FROM  06 MAY TO 11 MAY  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 MAY
1233.10
BEARISH
1312.87
1272.98
1242.12
1202.23
1171.37
ABIRLANUVO MAY
1034.25
BULLISH
1084.08
1059.17
1035.08
1010.17
986.08
AMBUJACEM
188.60
BEARISH
200.50
194.55
189.05
183.10
177.60
ARVIND MAY
79.25
BULLISH
82.92
81.08
79.12
77.28
75.32
AUROPHARMA MAY
197.45
BULLISH
211.82
204.63
196.17
188.98
180.52
AXISBANK MAY
1472.10
BEARISH
1553.10
1512.60
1486.45
1445.95
1419.80
BAJAJAUTO MAY
1815.85
BEARISH
1983.15
1899.50
1852.30
1768.65
1721.45
BANKNIFTY MAY
12337.45
BEARISH
12874.35
12605.90
12458.00
12189.55
12041.65
BHEL MAY
191.20
BULLISH
198.23
194.72
191.08
187.57
183.93
CENTURYTEX MAY
286.65
BEARISH
303.35
295.00
289.15
280.80
274.95
COALINDIA MAY
319.50
BEARISH
329.63
324.57
319.03
313.97
308.43
DIVISLAB MAY
1075.10
BULLISH
1125.50
1100.30
1085.40
1060.20
1045.30
GAIL MAY
337.00
BEARISH
363.80
350.40
343.10
329.70
322.40
GRASIM MAY
2963.75
BULLISH
3042.08
3002.92
2969.83
2930.67
2897.58
HDFC MAY
858.40
BEARISH
894.13
876.27
862.13
844.27
830.13
HDFCBANK MAY
684.25
BEARISH
710.68
697.47
687.73
674.52
664.78
ICICIBANK MAY
1114.35
BEARISH
1194.18
1154.27
1131.08
1091.17
1067.98
INFOSYS MAY
2279.05
BULLISH
2384.98
2332.02
2246.03
2193.07
2107.08
JINDALSTEEL MAY
319.00
BULLISH
337.27
328.13
312.57
303.43
287.87
JSWSTEEL MAY
712.35
BULLISH
755.25
733.80
708.45
687.00
661.65
KOTAKBANK MAY
721.00
BULLISH
743.00
732.00
715.00
704.00
687.00
MARUTI MAY
1674.40
BEARISH
1743.80
1709.10
1682.30
1647.60
1620.80
NIFTY MAY
5948.25
BULLISH
6104.68
6026.47
5946.73
5868.52
5788.78
ONGC MAY
325.25
BEARISH
341.55
333.40
325.85
317.70
310.15
RANBAXY MAY
451.90
BEARISH
474.43
463.17
453.08
441.82
431.73
RELCAPITAL MAY
372.25
BULLISH
405.72
388.98
366.67
349.93
327.62
RELIANCE MAY
794.15
BULLISH
829.75
811.95
792.10
774.30
754.45
SBIN MAY
2191.55
BEARISH
2349.85
2270.70
2227.85
2148.70
2105.85
UNITEDSPIRITS MAY
2274.75
BULLISH
2469.42
2372.08
2215.17
2117.83
1960.92
WIPRO MAY
354.65
BULLISH
375.45
365.05
347.10
336.70
318.75
ZEE ENTER MAY
236.20
BULLISH
248.60
242.40
232.75
226.55
216.90
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.

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