Saturday, May 17, 2014

WEEKLY SUPP AND RES LEVELS FOR NSE FNO FROM 19 MAY TO 24 MAY 2014


WEEKLY SUPP AND RES LEVELS FOR NSE FNO FROM  19 MAY TO 24 MAY 2014
                                                                                                         Anurag Gupta
                                                                                        Email id –anuraghsr@yahoo.com
                                                                                                       MOBILE  9255191643      
                                                                                         


SYMBOL
CLOSE
TREND
RES2
RES1
TREND LEVEL
SUPP1
SUPP2
ACC MAY
1439.70
BULLISH
1568.93
1504.32
1426.73
1362.12
1284.53
ABIRLANUVO MAY
1177.05
BULLISH
1249.02
1213.03
1159.02
1123.03
1069.02
AMBUJACEM
225.80
BULLISH
259.70
242.75
225.35
208.40
191.00
ARVIND MAY
179.45
BEARISH
210.75
195.10
186.60
170.95
162.45
AUROPHARMA MAY
626.80
BULLISH
672.53
649.67
613.43
590.57
554.33
AXISBANK MAY
1767.45
BULLISH
1975.42
1871.43
1755.32
1651.33
1535.22
BAJAJAUTO MAY
1944.15
BULLISH
2179.25
2061.70
1991.40
1873.85
1803.55
BANKNIFTY MAY
14947.80
BULLISH
17045.07
15996.43
14948.22
13899.58
12851.37
BHEL MAY
227.20
BULLISH
260.13
243.67
218.33
201.87
176.53
CENTURYTEX MAY
419.75
BULLISH
459.92
439.83
414.92
394.83
369.92
COALINDIA MAY
347.85
BULLISH
399.35
373.60
342.20
316.45
285.05
DIVISLAB MAY
1306.60
BEARISH
1409.63
1358.12
1324.23
1272.72
1238.83
GAIL MAY
412.15
BULLISH
466.28
439.22
406.88
379.82
347.48
GRASIM MAY
3096.20
BULLISH
3596.13
3346.17
3044.28
2794.32
2492.43
HDFC MAY
892.05
BULLISH
994.12
943.08
911.77
860.73
829.42
HDFCBANK MAY
813.55
BULLISH
915.68
864.62
812.88
761.82
710.08
ICICIBANK MAY
1474.65
BULLISH
1700.88
1587.77
1483.88
1370.77
1266.88
INFOSYS MAY
3154.70
BULLISH
3449.53
3302.12
3168.13
3020.72
2886.73
JINDALSTEEL MAY
270.30
BULLISH
303.20
286.75
264.45
248.00
225.70
JSWSTEEL MAY
1184.50
BULLISH
1323.00
1253.75
1187.60
1118.35
1052.20
KOTAKBANK MAY
911.35
BULLISH
1014.68
963.02
906.83
855.17
798.98
MARUTI MAY
2169.50
BULLISH
2516.00
2342.75
2158.75
1985.50
1801.50
NIFTY MAY
7244.40
BULLISH
7973.73
7609.07
7260.33
6895.67
6546.93
ONGC MAY
386.60
BULLISH
453.60
420.10
384.40
350.90
315.20
RANBAXY MAY
452.75
BEARISH
477.12
464.93
456.52
444.33
435.92
RELCAPITAL MAY
455.55
BULLISH
536.12
495.83
428.42
388.13
320.72
RELIANCE MAY
1086.50
BULLISH
1232.63
1159.57
1075.38
1002.32
918.13
SBIN MAY
2421.90
BULLISH
2700.00
2560.95
2376.65
2237.60
2053.30
UNITEDSPIRITS MAY
2657.60
BEARISH
2877.13
2767.37
2685.68
2575.92
2494.23
WIPRO
505.75
BEARISH
547.52
526.63
513.82
492.93
480.12
ZEE ENTER MAY
273.80
BULLISH
291.13
282.47
273.83
265.17
256.53
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 www.chartistscafe.blogspot.com
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.