Saturday, September 14, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS FOR NSE FNO FROM 16 Sept TO 21 September 2013


WEEKLY SUPPORT AND RESISTANCE LEVELS FOR NSE FNO               
FROM  16 Sept TO 21 September 2013
                                                                                                              Anurag Gupta
                                                                                          Email id –anuraghsr@yahoo.com
                                                                                           MOBILE  9255191643

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SYMBOL
CLOSE
TREND
RES2
RES1
TREND LEVEL
SUPP1
SUPP2
ACC SEPT
1048.30
BULLISH
1127.13
1087.72
1032.53
993.12
937.93
ABIRLANUVO SEPT
1193.45
BULLISH
1271.98
1232.72
1182.83
1143.57
1093.68
AMBUJACEM
180.90
BULLISH
193.60
187.25
180.15
173.80
166.70
ARVIND SEPT
84.65
BULLISH
87.92
86.28
84.02
82.38
80.12
AUROPHARMA SEPT
184.30
BEARISH
203.03
193.67
187.13
177.77
171.23
AXISBANK SEPT
1053.60
BULLISH
1128.57
1091.08
1028.17
990.68
927.77
BAJAJAUTO SEPT
2014.20
BULLISH
2090.10
2052.15
1989.75
1951.80
1889.40
BANKNIFTY SEPT
10202.95
BULLISH
10674.62
10438.78
10224.67
9988.83
9774.72
BHEL SEPT
141.35
BULLISH
152.05
146.70
138.65
133.30
125.25
CENTURYTEX SEPT
246.30
BULLISH
262.40
254.35
241.35
233.30
220.30
COALINDIA SEPT
294.35
BULLISH
311.55
302.95
292.55
283.95
273.55
DIVISLAB SEPT
1010.55
BULLISH
1076.15
1043.35
1009.20
976.40
942.25
GAIL SEPT
315.50
BULLISH
326.93
321.22
310.68
304.97
294.43
GRASIM SEPT
2528.50
BULLISH
2703.43
2615.97
2490.53
2403.07
2277.63
HDFC SEPT
814.15
BULLISH
859.52
836.83
808.42
785.73
757.32
HDFCBANK SEPT
633.95
BULLISH
668.15
651.05
637.10
620.00
606.05
ICICIBANK SEPT
940.05
BEARISH
1003.62
971.83
952.22
920.43
900.82
INFOSYS SEPT
3033.65
BEARISH
3235.82
3134.73
3080.37
2979.28
2924.92
JINDALSTEEL SEPT
242.60
BULLISH
255.23
248.92
240.18
233.87
225.13
JSWSTEEL SEPT
635.95
BULLISH
694.35
665.15
625.55
596.35
556.75
KOTAKBANK SEPT
714.50
BULLISH
751.20
732.85
701.60
683.25
652.00
MARUTI SEPT
1324.50
BULLISH
1437.60
1381.05
1340.55
1284.00
1243.50
NIFTY SEPT
5875.90
BULLISH
6051.20
5963.55
5867.35
5779.70
5683.50
ONGC SEPT
284.65
BEARISH
310.18
297.42
286.73
273.97
263.28
RANBAXY SEPT
460.85
BULLISH
490.15
475.50
460.10
445.45
430.05
RELCAPITAL SEPT
348.75
BULLISH
371.42
360.08
348.52
337.18
325.62
RELIANCE SEPT
879.50
BULLISH
921.67
900.58
886.22
865.13
850.77
SBIN SEPT
1667.60
BULLISH
1771.77
1719.68
1661.42
1609.33
1551.07
UNITEDSPIRITS SEPT
2545.80
BULLISH
2685.60
2615.70
2538.10
2468.20
2390.60
WIPRO SEPT
458.80
BEARISH
499.57
479.18
466.82
446.43
434.07
ZEE ENTER SEPT
225.85
BULLISH
240.22
233.03
227.62
220.43
215.02
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.