WORLD INDICES TRADING LEVELS FOR THE WEEK AHEAD : 26 DEC 2011

US 30 (^DJI)

BEST BUY & SUPP @ 11951 ACTUAL RESIS & BEST SHORT 12084 A BREAK ABOVE 12226 UPSIDE TGT 12516/12650 ; A CRACK BELOW 11818 DOWNSIDE TGT 11518/11384

LTP – 12294

S&P 500

BEST BUY & SUPP @ 1226 ACTUAL RESIS & BEST SHORT 1242 A BREAK ABOVE 1262 UPSIDE TGT 1292/1306 ; A CRACK BELOW 1202 DOWNSIDE TGT 1176/1162

LTP – 1265.33

NASDAQ (NQ 100)

BEST BUY & SUPP @ 2238 ACTUAL RESIS & BEST SHORT 2258 A BREAK ABOVE 2276 UPSIDE TGT 2318/2336 ; A CRACK BELOW 2208 DOWNSIDE TGT 2178/2160

LTP – 2287.57

SMALLCAP 2000

BEST BUY & SUPP @ 724 ACTUAL RESIS & BEST SHORT 732 A BREAK ABOVE 742 UPSIDE TGT 765/775 ; A CRACK BELOW 712 DOWNSIDE TGT 690/682

LTP – 747.98

GERMANY 30 (DAX)

BEST BUY & SUPP @ 5762 ACTUAL RESIS & BEST SHORT 5840 A BREAK ABOVE 5920 UPSIDE TGT 6094/6172 ; A CRACK BELOW 5682 DOWNSIDE TGT 5509/5432

LTP – 5878.93

UK 100 (FTSE)

BEST BUY & SUPP @ 5400 ACTUAL RESIS & BEST SHORT 5444 A BREAK ABOVE 5488 UPSIDE TGT 5588/5634 ; A CRACK BELOW 5356 DOWNSIDE TGT 5256/5210

LTP – 5512.70

FRANCE 40 (CAC 40)

BEST BUY & SUPP @ 3009 ACTUAL RESIS & BEST SHORT 3052 A BREAK ABOVE 3096 UPSIDE TGT 3190/3234; A CRACK BELOW 2968 DOWNSIDE TGT 2868/2826

LTP – 3102.09

EU STOXX 50

BEST BUY & SUPP @ 2232 ACTUAL RESIS & BEST SHORT 2264 A BREAK ABOVE 2296 UPSIDE TGT 2365/2396; A CRACK BELOW 2198 DOWNSIDE TGT 2128/2098

LTP – 2290.37

NETHERLANDS 25 (AEX)

BEST BUY & SUPP @ 298 ACTUAL RESIS & BEST SHORT 301.80 A BREAK ABOVE 308 UPSIDE TGT 314.80/319 ; A CRACK BELOW 293.80 DOWNSIDE TGT 284.50/280.45

LTP – 307.79

SPAIN 35 (^IBEX)

BEST BUY & SUPP @ 8306 ACTUAL RESIS & BEST SHORT 8422 A BREAK ABOVE 8556 UPSIDE TGT 8796/8912 ; A CRACK BELOW 8180 DOWNSIDE TGT 7932/7818

LTP – 8542.70

ITALY (IT MIB 40)

BEST BUY & SUPP @ 14775 ACTUAL RESIS & BEST SHORT 14974 A BREAK ABOVE 15174 UPSIDE TGT 15618/15816 ; A CRACK BELOW 14576 DOWNSIDE TGT 14130/13932

LTP – 15073.99

SWITZERLAND 20 (^SSMI)

BEST BUY & SUPP @ 5768 ACTUAL RESIS & BEST SHORT 5820 A BREAK ABOVE 5872 UPSIDE TGT 5986/6038 ; A CRACK BELOW 5716 DOWNSIDE TGT 5602/5550

LTP – 5893.89

JAPAN NI 225 (NIKKEI)

BEST BUY & SUPP @ 8350 ACTUAL RESIS & BEST SHORT 8396 A BREAK ABOVE 8442 UPSIDE TGT 8548/8596 ; A CRACK BELOW 8306 DOWNSIDE TGT 8196/8150

LTP – 8395.16

AUSTRALLIA (AUS 200)

BEST BUY & SUPP @ 4084 ACTUAL RESIS & BEST SHORT 4108 A BREAK ABOVE 4136 UPSIDE TGT 4188/4212; A CRACK BELOW 4040 DOWNSIDE TGT 4005/3980

LTP – 4140.40

HONK KONG (HANG SEN 40)

BEST BUY & SUPP @ 18120 ACTUAL RESIS & BEST SHORT 18316 A BREAK ABOVE 18512 UPSIDE TGT 18950/19146 ; A CRACK BELOW 17920 DOWNSIDE TGT 17486/17290

LTP – 18629.17

BRAZIL IBOVESPA (^BVSP)

BEST BUY & SUPP @ 56252 ACTUAL RESIS & BEST SHORT 56838 A BREAK ABOVE 5745 UPSIDE TGT 58744/59333; A CRACK BELOW 55656 DOWNSIDE TGT 54346/53756

LTP – 57701

RUSSIA (MICEX)

BEST BUY & SUPP @ 1382 ACTUAL RESIS & BEST SHORT 1398 A BREAK ABOVE 1414 UPSIDE TGT 1444/1460 ; A CRACK BELOW 1362 DOWNSIDE TGT 1335/132-

LTP – 1376

**WHEN PRICES ARE TRADING ABOVE THE RESIS , RESIS ACTS AS CURRENT SUPPORT & VICE VERSA**