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WEEKLY SUPPORT AND RESISTANCE LEVELS FOR NSE FNO
FROM 12 August TO 17
August 2013
Anurag Gupta
MOBILE 9255191643
SUBSCRIBE FNO SURE
SHOT PACKAGE BY SMS IN SPECIAL DISCOUNT SEE DETAILS ON
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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 SHORT. and 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.
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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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Saturday, August 10, 2013
WEEKLEY SUPPORT AND RESISTANCE LEVELS
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