Friday, April 26, 2013

WEEKLY SUPPORT AND RESISTANCE NSE FNO 29 APR TO 3 MAY 2013


WEEKLY SUPPORT AND RESISTANCE LEVELS                       
FROM  29 APR TO 03 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
1249.50
BULLISH
1306.03
1277.77
1239.73
1211.47
1173.43
ABIRLANUVO MAY
1031.50
BULLISH
1081.83
1056.67
1009.58
984.42
937.33
AMBUJACEM
188.85
BEARISH
198.12
193.48
188.62
183.98
179.12
ARVIND MAY
77.35
BEARISH
88.78
83.07
79.53
73.82
70.28
AUROPHARMA MAY
191.05
BULLISH
202.92
196.98
189.27
183.33
175.62
AXISBANK MAY
1488.50
BULLISH
1580.57
1534.53
1473.27
1427.23
1365.97
BAJAJAUTO MAY
1895.95
BULLISH
2015.95
1955.95
1849.00
1789.00
1682.05
BANKNIFTY MAY
12504.65
BULLISH
12995.42
12750.03
12524.52
12279.13
12053.62
BHEL MAY
188.85
BULLISH
196.42
192.63
189.57
185.78
182.72
CENTURYTEX MAY
286.85
BEARISH
309.65
298.25
292.00
280.60
274.35
COALINDIA MAY
321.40
BULLISH
344.27
332.83
314.47
303.03
284.67
DIVISLAB MAY
1069.80
BULLISH
1107.87
1088.83
1062.97
1043.93
1018.07
GAIL MAY
351.75
BULLISH
369.58
360.67
344.48
335.57
319.38
GRASIM MAY
2937.15
BULLISH
3119.02
3028.08
2924.07
2833.13
2729.12
HDFC MAY
878.65
BULLISH
936.82
907.73
859.37
830.28
781.92
HDFCBANK MAY
693.00
BULLISH
717.53
705.27
690.63
678.37
663.73
ICICIBANK MAY
1132.75
BULLISH
1217.82
1175.28
1145.47
1102.93
1073.12
INFOSYS MAY
2195.85
BEARISH
2330.28
2263.07
2224.83
2157.62
2119.38
JINDALSTEEL MAY
317.20
BEARISH
359.27
338.23
326.87
305.83
294.47
JSWSTEEL MAY
707.10
BEARISH
768.63
737.87
719.78
689.02
670.93
KOTAKBANK MAY
713.20
BULLISH
756.70
734.95
694.25
672.50
631.80
MARUTI MAY
1682.75
BULLISH
1814.52
1748.63
1633.12
1567.23
1451.72
NIFTY MAY
5887.75
BULLISH
6001.05
5944.40
5867.70
5811.05
5734.35
ONGC MAY
326.25
BEARISH
343.72
334.98
327.87
319.13
312.02
RANBAXY MAY
460.65
BULLISH
479.88
470.27
459.03
449.42
438.18
RELCAPITAL MAY
348.55
BULLISH
384.85
366.70
350.60
332.45
316.35
RELIANCE MAY
790.00
BULLISH
847.23
818.62
798.33
769.72
749.43
SBIN MAY
2260.40
BEARISH
2377.73
2319.07
2282.03
2223.37
2186.33
UNITEDSPIRITS MAY
2061.80
BEARISH
2197.10
2129.45
2082.35
2014.70
1967.60
WIPRO MAY
331.35
BEARISH
357.05
344.20
336.05
323.20
315.05
ZEE ENTER MAY
224.40
BULLISH
238.93
231.67
221.93
214.67
204.93
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.