Saturday, November 9, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS FOR NSE FNO FROM 11 NOV TO 16 NOV 2013


WEEKLY SUPPORT AND RESISTANCE LEVELS FOR NSE FNO               
FROM  11 NOV TO 16 NOV 2013
                                                                                                              Anurag Gupta
                                                                                          Email id –anuraghsr@yahoo.com
                                                                                           MOBILE  9255191643      
                                                                                          www.chartistscafe.blogspot.com


SYMBOL
CLOSE
TREND
RES2
RES1
TREND LEVEL
SUPP1
SUPP2
ACC NOV
1092.15
BEARISH
1180.05
1136.10
1111.55
1067.60
1043.05
ABIRLANUVO NOV
1238.15
BEARISH
1304.72
1271.43
1244.72
1211.43
1184.72
AMBUJACEM
178.30
BEARISH
196.30
187.30
182.40
173.40
168.50
ARVIND NOV
114.85
BULLISH
122.42
118.63
111.97
108.18
101.52
AUROPHARMA NOV
260.75
BULLISH
285.28
273.02
252.93
240.67
220.58
AXISBANK NOV
1128.70
BEARISH
1317.97
1223.33
1172.67
1078.03
1027.37
BAJAJAUTO NOV
2081.85
BEARISH
2205.25
2143.55
2098.25
2036.55
1991.25
BANKNIFTY NOV
10988.40
BEARISH
12159.47
11573.93
11249.47
10663.93
10339.47
BHEL NOV
133.25
BEARISH
151.68
142.47
136.23
127.02
120.78
CENTURYTEX NOV
294.85
BULLISH
311.75
303.30
288.25
279.80
264.75
COALINDIA NOV
292.90
BULLISH
307.07
299.98
295.52
288.43
283.97
DIVISLAB NOV
1030.25
BULLISH
1079.02
1054.63
1022.82
998.43
966.62
GAIL NOV
342.75
BEARISH
363.52
353.13
344.57
334.18
325.62
GRASIM NOV
2703.80
BEARISH
3006.47
2855.13
2767.62
2616.28
2528.77
HDFC NOV
816.45
BEARISH
889.85
853.15
832.75
796.05
775.65
HDFCBANK NOV
656.70
BEARISH
710.10
683.40
666.30
639.60
622.50
ICICIBANK NOV
1057.85
BEARISH
1183.05
1120.45
1085.40
1022.80
987.75
INFOSYS NOV
3386.35
BULLISH
3519.55
3452.95
3354.60
3288.00
3189.65
JINDALSTEEL NOV
250.55
BULLISH
264.18
257.37
248.43
241.62
232.68
JSWSTEEL NOV
873.90
BULLISH
911.70
892.80
873.10
854.20
834.50
KOTAKBANK NOV
730.90
BEARISH
773.77
752.33
737.67
716.23
701.57
MARUTI NOV
1594.50
BEARISH
1708.80
1651.65
1611.85
1554.70
1514.90
NIFTY NOV
6186.60
BEARISH
6462.70
6324.65
6244.95
6106.90
6027.20
ONGC NOV
279.85
BEARISH
304.22
292.03
281.47
269.28
258.72
RANBAXY NOV
425.65
BULLISH
445.35
435.50
418.45
408.60
391.55
RELCAPITAL NOV
372.25
BEARISH
402.35
387.30
374.15
359.10
345.95
RELIANCE NOV
883.40
BEARISH
945.93
914.67
896.33
865.07
846.73
SBIN NOV
1757.55
BEARISH
1985.52
1871.53
1806.37
1692.38
1627.22
UNITEDSPIRITS NOV
2416.35
BEARISH
2748.58
2582.47
2480.88
2314.77
2213.18
WIPRO NOV
484.80
BEARISH
500.30
492.55
485.50
477.75
470.70
ZEE ENTER NOV
267.95
BEARISH
287.58
277.77
271.38
261.57
255.18
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.