Saturday, May 11, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS FROM 13 MAY TO 18 MAY 2013


WEEKLY SUPPORT AND RESISTANCE LEVELS                       
FROM  13 MAY TO 18 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
1243.05
BULLISH
1279.88
1261.47
1233.43
1215.02
1186.98
ABIRLANUVO MAY
1083.10
BULLISH
1130.80
1106.95
1067.80
1043.95
1004.80
AMBUJACEM
190.40
BULLISH
196.20
193.30
187.80
184.90
179.40
ARVIND MAY
83.50
BULLISH
88.57
86.03
81.67
79.13
74.77
AUROPHARMA MAY
196.30
BEARISH
209.03
202.67
195.38
189.02
181.73
AXISBANK MAY
1477.15
BULLISH
1553.72
1515.43
1479.72
1441.43
1405.72
BAJAJAUTO MAY
1872.50
BULLISH
1919.83
1896.17
1853.33
1829.67
1786.83
BANKNIFTY MAY
12789.00
BULLISH
13223.33
13006.17
12572.83
12355.67
11922.33
BHEL MAY
196.15
BULLISH
202.42
199.28
195.37
192.23
188.32
CENTURYTEX MAY
320.80
BULLISH
351.03
335.92
310.13
295.02
269.23
COALINDIA MAY
304.75
BEARISH
329.72
317.23
308.17
295.68
286.62
DIVISLAB MAY
1087.00
BULLISH
1139.77
1113.38
1093.32
1066.93
1046.87
GAIL MAY
343.10
BULLISH
355.27
349.18
343.22
337.13
331.17
GRASIM MAY
3055.05
BULLISH
3162.12
3108.58
3012.47
2958.93
2862.82
HDFC MAY
879.75
BULLISH
933.55
906.65
876.00
849.10
818.45
HDFCBANK MAY
707.25
BULLISH
734.35
720.80
695.95
682.40
657.55
ICICIBANK MAY
1154.20
BULLISH
1199.90
1177.05
1136.15
1113.30
1072.40
INFOSYS MAY
2356.60
BULLISH
2416.93
2386.77
2340.88
2310.72
2264.83
JINDALSTEEL MAY
313.00
BEARISH
349.20
331.10
321.15
303.05
293.10
JSWSTEEL MAY
698.25
BEARISH
745.92
722.08
708.57
684.73
671.22
KOTAKBANK MAY
733.60
BULLISH
754.93
744.27
725.73
715.07
696.53
MARUTI MAY
1735.90
BULLISH
1791.70
1763.80
1713.00
1685.10
1634.30
NIFTY MAY
6129.00
BULLISH
6262.73
6195.87
6063.03
5996.17
5863.33
ONGC MAY
327.90
BULLISH
337.03
332.47
325.83
321.27
314.63
RANBAXY MAY
445.25
BEARISH
480.68
462.97
449.03
431.32
417.38
RELCAPITAL MAY
377.90
BULLISH
397.17
387.53
378.82
369.18
360.47
RELIANCE MAY
814.80
BULLISH
845.20
830.00
813.25
798.05
781.30
SBIN MAY
2282.15
BULLISH
2401.38
2341.77
2250.28
2190.67
2099.18
UNITEDSPIRITS MAY
2338.20
BULLISH
2474.93
2406.57
2323.28
2254.92
2171.63
WIPRO MAY
356.25
BULLISH
367.95
362.10
355.05
349.20
342.15
ZEE ENTER MAY
242.45
BULLISH
259.78
251.12
241.33
232.67
222.88
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.