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WEEKLY SUPP AND RES LEVELS FOR NSE FNO FROM
21 DEC TO 26 DEC 2015
Anurag
Gupta
Email id –anuraghsr@yahoo.com
MOBILE 9255191643
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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 SHORT. and
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.
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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.
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Friday, December 18, 2015
WEEKLY SUPP AND RES LEVELS FOR NSE FNO FROM 21 DEC TO 26 DEC 2015
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