Saturday, February 9, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS

WEEKLY SUPPORT AND RESISTANCE LEVELS                       
FROM  11 FEB TO 16 FEB 2013
                                                                                                              Anurag Gupta
                                                                                          Email id –anuraghsr@yahoo.com


SYMBOL
CLOSE
TREND
RES2
RES1
TREND LEVEL
SUPP1
SUPP2
ACC FEB
1309.70
BEARISH
1372.07
1340.88
1317.82
1286.63
1263.57
ABIRLANUVO FEB
1068.20
BEARISH
1168.07
1118.13
1092.07
1042.13
1016.07
AMBUJACEM
187.80
BEARISH
210.57
199.18
193.02
181.63
175.47
ARVIND FEB
89.90
BEARISH
97.73
93.82
91.63
87.72
85.53
AUROPHARMA FEB
183.50
BEARISH
201.83
192.67
186.83
177.67
171.83
AXISBANK FEB
1459.70
BEARISH
1563.23
1511.47
1483.23
1431.47
1403.23
BAJAJAUTO FEB
2052.00
BEARISH
2152.20
2102.10
2073.90
2023.80
1995.60
BANKNIFTY FEB
12348.30
BEARISH
12928.93
12638.62
12474.68
12184.37
12020.43
BHEL FEB
207.05
BEARISH
229.08
218.07
210.78
199.77
192.48
BHUSHAN STEEL FEB
457.20
BULLISH
478.57
467.88
455.17
444.48
431.77
CENTURYTEX FEB
379.30
BEARISH
405.30
392.30
384.50
371.50
363.70
COALINDIA FEB
339.55
BEARISH
368.82
354.18
344.62
329.98
320.42
DIVISLAB FEB
1035.90
BEARISH
1111.80
1073.85
1046.75
1008.80
981.70
GAIL FEB
333.40
BEARISH
350.57
341.98
337.07
328.48
323.57
GRASIM FEB
3020.35
BEARISH
3139.95
3080.15
3019.40
2959.60
2898.85
HDFC FEB
811.10
BULLISH
844.83
827.97
806.38
789.52
767.93
HDFCBANK FEB
651.65
BULLISH
666.72
659.18
647.62
640.08
628.52
ICICIBANK FEB
1137.15
BEARISH
1231.58
1184.37
1158.18
1110.97
1084.78
INFOSYS FEB
22803.35
BULLISH
9529.65
16166.50
9463.35
16100.20
9397.05
JINDALSTEEL FEB
414.90
BEARISH
434.97
424.93
417.67
407.63
400.37
JSWSTEEL FEB
833.90
BEARISH
906.87
870.38
849.72
813.23
792.57
KOTAKBANK FEB
682.20
BULLISH
708.57
695.38
683.47
670.28
658.37
MARUTI FEB
1592.00
BEARISH
1662.00
1627.00
1605.00
1570.00
1548.00
NIFTY FEB
5921.80
BEARISH
6125.60
6023.70
5961.85
5859.95
5798.10
ONGC FEB
315.30
BEARISH
347.00
331.15
321.90
306.05
296.80
RANBAXY FEB
430.20
BEARISH
457.10
443.65
436.25
422.80
415.40
RELCAPITAL FEB
446.05
BEARISH
505.08
475.57
458.08
428.57
411.08
RELIANCE FEB
864.95
BEARISH
923.65
894.30
877.15
847.80
830.65
SBIN FEB
2298.80
BEARISH
2487.73
2393.27
2341.63
2247.17
2195.53
UNITEDSPIRITS FEB
1921.05
BULLISH
2016.82
1968.93
1905.47
1857.58
1794.12
WIPRO FEB
413.00
BULLISH
425.03
419.02
410.68
404.67
396.33
ZEE ENTER FEB
231.65
BEARISH
245.48
238.57
234.08
227.17
222.68
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 13 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.