Saturday, February 16, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS


WEEKLY SUPPORT AND RESISTANCE LEVELS                       
FROM  18 FEB TO 23 FEB 2013
                                                                                                              Anurag Gupta
                                                                                          Email id –anuraghsr@yahoo.com
                                                                                           MOBILE  9255191643


SYMBOL
CLOSE
TREND
RES2
RES1
TREND LEVEL
SUPP1
SUPP2
ACC FEB
1260.65
BEARISH
1347.75
1304.20
1265.60
1222.05
1183.45
ABIRLANUVO FEB
1053.85
BEARISH
1106.18
1080.02
1055.83
1029.67
1005.48
AMBUJACEM
190.20
BULLISH
195.50
192.85
188.85
186.20
182.20
ARVIND FEB
87.00
BEARISH
98.87
92.93
88.12
82.18
77.37
AUROPHARMA FEB
184.05
BULLISH
193.55
188.80
181.45
176.70
169.35
AXISBANK FEB
1448.95
BEARISH
1542.68
1495.82
1459.63
1412.77
1376.58
BAJAJAUTO FEB
1979.70
BEARISH
2138.17
2058.93
2008.97
1929.73
1879.77
BANKNIFTY FEB
12381.40
BULLISH
12629.07
12505.23
12394.12
12270.28
12159.17
BHEL FEB
204.45
BEARISH
211.75
208.10
205.05
201.40
198.35
BHUSHAN STEEL FEB
460.25
BULLISH
472.08
466.17
457.13
451.22
442.18
CENTURYTEX FEB
369.80
BEARISH
400.90
385.35
373.85
358.30
346.80
COALINDIA FEB
349.20
BULLISH
362.23
355.72
345.98
339.47
329.73
DIVISLAB FEB
1038.60
BULLISH
1101.80
1070.20
1045.85
1014.25
989.90
GAIL FEB
335.10
BULLISH
345.30
340.20
331.80
326.70
318.30
GRASIM FEB
3037.55
BULLISH
3180.35
3108.95
3020.50
2949.10
2860.65
HDFC FEB
812.35
BULLISH
832.58
822.47
810.73
800.62
788.88
HDFCBANK FEB
677.45
BULLISH
700.88
689.17
669.78
658.07
638.68
ICICIBANK FEB
1127.00
BEARISH
1168.33
1147.67
1131.33
1110.67
1094.33
INFOSYS FEB
2790.15
BEARISH
2868.88
2829.52
2790.63
2751.27
2712.38
JINDALSTEEL FEB
387.45
BEARISH
428.95
408.20
396.15
375.40
363.35
JSWSTEEL FEB
798.50
BEARISH
863.63
831.07
806.13
773.57
748.63
KOTAKBANK FEB
672.30
BEARISH
693.13
682.72
673.43
663.02
653.73
MARUTI FEB
1476.05
BEARISH
1643.82
1559.93
1513.12
1429.23
1382.42
NIFTY FEB
5892.65
BEARISH
6030.78
5961.72
5910.18
5841.12
5789.58
ONGC FEB
323.05
BULLISH
342.08
332.57
320.38
310.87
298.68
RANBAXY FEB
410.85
BEARISH
441.62
426.23
417.32
401.93
393.02
RELCAPITAL FEB
401.70
BEARISH
477.03
439.37
414.73
377.07
352.43
RELIANCE FEB
846.55
BEARISH
910.38
878.47
857.08
825.17
803.78
SBIN FEB
2244.20
BEARISH
2405.37
2324.78
2254.42
2173.83
2103.47
UNITEDSPIRITS FEB
1906.50
BEARISH
2048.40
1977.45
1907.05
1836.10
1765.70
WIPRO FEB
399.85
BEARISH
436.48
418.17
402.48
384.17
368.48
ZEE ENTER FEB
227.35
BEARISH
238.12
232.73
228.77
223.38
219.42
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.