Friday, November 15, 2013

WEEKLY SUPPORT AND RESISTANCE LEVELS FOR NSE FNO FROM 18 NOV TO 23 NOV 2013


WEEKLY SUPPORT AND RESISTANCE LEVELS FOR NSE FNO               
FROM  18 NOV TO 23 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
1047.10
BEARISH
1123.93
1085.52
1056.08
1017.67
988.23
ABIRLANUVO NOV
1215.30
BEARISH
1302.97
1259.13
1207.17
1163.33
1111.37
AMBUJACEM
177.05
BEARISH
181.82
179.43
176.07
173.68
170.32
ARVIND NOV
121.10
BULLISH
128.10
124.60
118.85
115.35
109.60
AUROPHARMA NOV
281.95
BULLISH
296.82
289.38
275.57
268.13
254.32
AXISBANK NOV
1101.15
BEARISH
1179.12
1140.13
1078.82
1039.83
978.52
BAJAJAUTO NOV
2046.80
BEARISH
2100.93
2073.87
2046.93
2019.87
1992.93
BANKNIFTY NOV
10862.25
BEARISH
11326.68
11094.47
10787.78
10555.57
10248.88
BHEL NOV
134.90
BULLISH
139.63
137.27
133.13
130.77
126.63
CENTURYTEX NOV
285.65
BEARISH
301.08
293.37
285.68
277.97
270.28
COALINDIA NOV
276.05
BEARISH
303.02
289.53
281.47
267.98
259.92
DIVISLAB NOV
1157.10
BULLISH
1239.03
1198.07
1129.53
1088.57
1020.03
GAIL NOV
322.75
BEARISH
348.78
335.77
328.63
315.62
308.48
GRASIM NOV
2628.90
BEARISH
2780.37
2704.63
2657.82
2582.08
2535.27
HDFC NOV
799.00
BEARISH
831.03
815.02
804.78
788.77
778.53
HDFCBANK NOV
645.30
BEARISH
683.47
664.38
648.92
629.83
614.37
ICICIBANK NOV
1057.05
BEARISH
1116.62
1086.83
1044.62
1014.83
972.62
INFOSYS NOV
3377.05
BEARISH
3457.68
3417.37
3383.68
3343.37
3309.68
JINDALSTEEL NOV
240.45
BEARISH
250.18
245.32
239.73
234.87
229.28
JSWSTEEL NOV
871.75
BEARISH
910.38
891.07
862.03
842.72
813.68
KOTAKBANK NOV
728.35
BEARISH
751.52
739.93
726.82
715.23
702.12
MARUTI NOV
1626.55
BULLISH
1676.55
1651.55
1613.00
1588.00
1549.45
NIFTY NOV
6088.95
BEARISH
6276.25
6182.60
6095.35
6001.70
5914.45
ONGC NOV
271.55
BEARISH
285.18
278.37
272.13
265.32
259.08
RANBAXY NOV
422.90
BEARISH
441.83
432.37
420.53
411.07
399.23
RELCAPITAL NOV
354.45
BEARISH
390.22
372.33
353.87
335.98
317.52
RELIANCE NOV
857.00
BEARISH
904.47
880.73
865.42
841.68
826.37
SBIN NOV
1732.85
BEARISH
1822.15
1777.50
1721.25
1676.60
1620.35
UNITEDSPIRITS NOV
2433.80
BULLISH
2620.23
2527.02
2431.03
2337.82
2241.83
WIPRO NOV
488.40
BULLISH
498.07
493.23
488.17
483.33
478.27
ZEE ENTER NOV
279.40
BULLISH
295.70
287.55
277.75
269.60
259.80
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.