Saturday, August 31, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS FOR NSE FNO FROM 02 Sept TO 07 September 2013


WEEKLY SUPPORT AND RESISTANCE LEVELS FOR NSE FNO               
FROM  02 Sept TO 07 September 2013
                                                                                                              Anurag Gupta
                                                                                          Email id –anuraghsr@yahoo.com
                                                                                           MOBILE  9255191643

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SYMBOL
CLOSE
TREND
RES2
RES1
TREND LEVEL
SUPP1
SUPP2
ACC SEPT
967.90
BEARISH
1076.20
1022.05
967.25
913.10
858.30
ABIRLANUVO SEPT
1138.45
BULLISH
1258.52
1198.48
1100.32
1040.28
942.12
AMBUJACEM
164.30
BULLISH
182.20
173.25
159.75
150.80
137.30
ARVIND SEPT
79.40
BULLISH
87.57
83.48
77.02
72.93
66.47
AUROPHARMA SEPT
183.70
BULLISH
203.60
193.65
178.55
168.60
153.50
AXISBANK SEPT
842.60
BEARISH
1083.03
962.82
874.78
754.57
666.53
BAJAJAUTO SEPT
1835.35
BULLISH
1961.92
1898.63
1789.32
1726.03
1616.72
BANKNIFTY SEPT
9065.10
BEARISH
9371.03
9218.07
9035.03
8882.07
8699.03
BHEL SEPT
115.45
BEARISH
136.92
126.18
115.62
104.88
94.32
CENTURYTEX SEPT
219.45
BEARISH
245.08
232.27
213.68
200.87
182.28
COALINDIA SEPT
248.10
BEARISH
297.77
272.93
254.02
229.18
210.27
DIVISLAB SEPT
1002.85
BULLISH
1070.85
1036.85
978.90
944.90
886.95
GAIL SEPT
289.55
BEARISH
326.82
308.18
290.52
271.88
254.22
GRASIM SEPT
2237.35
BEARISH
2464.58
2350.97
2236.38
2122.77
2008.18
HDFC SEPT
721.90
BEARISH
820.07
770.98
701.92
652.83
583.77
HDFCBANK SEPT
593.30
BEARISH
674.17
633.73
580.87
540.43
487.57
ICICIBANK SEPT
811.65
BEARISH
911.98
861.82
809.38
759.22
706.78
INFOSYS SEPT
3119.10
BULLISH
3228.67
3173.88
3093.22
3038.43
2957.77
JINDALSTEEL SEPT
221.80
BEARISH
259.40
240.60
229.30
210.50
199.20
JSWSTEEL SEPT
545.55
BEARISH
623.85
584.70
543.85
504.70
463.85
KOTAKBANK SEPT
638.95
BULLISH
701.82
670.38
625.32
593.88
548.82
MARUTI SEPT
1243.05
BEARISH
1360.35
1301.70
1257.35
1198.70
1154.35
NIFTY SEPT
5456.75
BEARISH
5782.42
5619.58
5363.92
5201.08
4945.42
ONGC SEPT
249.80
BEARISH
300.53
275.17
254.33
228.97
208.13
RANBAXY SEPT
411.10
BULLISH
460.70
435.90
402.60
377.80
344.50
RELCAPITAL SEPT
315.00
BEARISH
342.27
328.63
309.07
295.43
275.87
RELIANCE SEPT
854.10
BULLISH
922.73
888.42
826.08
791.77
729.43
SBIN SEPT
1516.85
BEARISH
1652.75
1584.80
1518.05
1450.10
1383.35
UNITEDSPIRITS SEPT
2215.50
BEARISH
2452.77
2334.13
2163.37
2044.73
1873.97
WIPRO SEPT
487.25
BULLISH
525.98
506.62
479.48
460.12
432.98
ZEE ENTER SEPT
233.35
BULLISH
255.38
244.37
226.48
215.47
197.58
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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