Friday, May 24, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS FROM 27 MAY TO 31 MAY 2013


WEEKLY SUPPORT AND RESISTANCE LEVELS                       
FROM  27 MAY TO 31 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
1224.70
BEARISH
1320.63
1272.67
1231.83
1183.87
1143.03
ABIRLANUVO MAY
1082.80
BEARISH
1167.53
1125.17
1092.63
1050.27
1017.73
AMBUJACEM
186.10
BEARISH
197.83
191.97
187.03
181.17
176.23
ARVIND MAY
76.45
BEARISH
86.48
81.47
78.08
73.07
69.68
AUROPHARMA MAY
171.90
BEARISH
207.47
189.68
178.42
160.63
149.37
AXISBANK MAY
1462.60
BEARISH
1602.60
1532.60
1486.35
1416.35
1370.10
BAJAJAUTO MAY
1810.40
BEARISH
1934.90
1872.65
1831.15
1768.90
1727.40
BANKNIFTY MAY
12706.60
BEARISH
12931.47
12819.03
12664.52
12552.08
12397.57
BHEL MAY
193.30
BEARISH
214.63
203.97
197.23
186.57
179.83
CENTURYTEX MAY
296.60
BEARISH
352.63
324.62
306.08
278.07
259.53
COALINDIA MAY
311.15
BULLISH
325.72
318.43
308.22
300.93
290.72
DIVISLAB MAY
988.85
BEARISH
1186.08
1087.47
1031.78
933.17
877.48
GAIL MAY
322.85
BEARISH
351.82
337.33
328.57
314.08
305.32
GRASIM MAY
2967.05
BEARISH
3274.65
3120.85
3020.20
2866.40
2765.75
HDFC MAY
909.05
BULLISH
935.75
922.40
906.25
892.90
876.75
HDFCBANK MAY
703.80
BEARISH
740.60
722.20
708.85
690.45
677.10
ICICIBANK MAY
1184.85
BEARISH
1257.62
1221.23
1183.62
1147.23
1109.62
INFOSYS MAY
2327.10
BEARISH
2452.17
2389.63
2352.47
2289.93
2252.77
JINDALSTEEL MAY
295.85
BEARISH
329.62
312.73
300.82
283.93
272.02
JSWSTEEL MAY
712.70
BULLISH
759.77
736.23
700.62
677.08
641.47
KOTAKBANK MAY
780.80
BEARISH
821.37
801.08
777.57
757.28
733.77
MARUTI MAY
1673.40
BEARISH
1872.80
1773.10
1683.15
1583.45
1493.50
NIFTY MAY
5985.40
BULLISH
6356.40
6170.90
6053.50
5868.00
5750.60
ONGC MAY
326.05
BEARISH
356.02
341.03
329.52
314.53
303.02
RANBAXY MAY
390.95
BEARISH
505.28
448.12
416.98
359.82
328.68
RELCAPITAL MAY
340.60
BEARISH
414.77
377.68
355.67
318.58
296.57
RELIANCE MAY
789.00
BEARISH
887.20
838.10
809.60
760.50
732.00
SBIN MAY
2117.00
BEARISH
2551.00
2334.00
2213.00
1996.00
1875.00
UNITEDSPIRITS MAY
2579.85
BULLISH
2763.95
2671.90
2505.95
2413.90
2247.95
WIPRO MAY
336.20
BEARISH
350.97
343.58
337.87
330.48
324.77
ZEE ENTER MAY
241.75
BEARISH
260.85
251.30
243.20
233.65
225.55
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.