WORLD INDICES TRADING LEVELS FOR THE WEEK AHEAD : 23 JAN 2012

  IS IT TIME TO SELL “?”  OR  ITS TIME TO SELL “!”

US 30 (^DJI)

BEST BUY & SUPP @ 12554 ACTUAL RESIS & BEST SHORT 12618 A BREAK ABOVE 12698 UPSIDE TGT 12822/12884 ; A CRACK BELOW 12488 DOWNSIDE TGT 12350/12288

LTP – 12720.50

S&P 500

BEST BUY & SUPP @ 1300 ACTUAL RESIS & BEST SHORT 1306.50 A BREAK ABOVE 1312 UPSIDE TGT 1326/1332 ; A CRACK BELOW 1292 DOWNSIDE TGT 1282/1275

LTP – 1315.38

NASDAQ (NQ 100)

BEST BUY & SUPP @ 2409 ACTUAL RESIS & BEST SHORT 2422 A BREAK ABOVE 2438 UPSIDE TGT 2468/2482 ; A CRACK BELOW 2392 DOWNSIDE TGT 2362/2348

LTP – 2437.02

SMALLCAP 2000

BEST BUY & SUPP @ 772 ACTUAL RESIS & BEST SHORT 777.50 A BREAK ABOVE 786 UPSIDE TGT 795/800 ; A CRACK BELOW 786 DOWNSIDE TGT 754.50/748.80

LTP – 784.62

GERMANY 30 (DAX)

BEST BUY & SUPP @ 6228 ACTUAL RESIS & BEST SHORT 6305.60 A BREAK ABOVE 6382 UPSIDE TGT 6556/6633 ; A CRACK BELOW 6126 DOWNSIDE TGT 5977/5900

LTP – 6404.40

UK 100 (FTSE)

BEST BUY & SUPP @ 5660 ACTUAL RESIS & BEST SHORT 5696 A BREAK ABOVE 5752 UPSIDE TGT 5808/5844 ; A CRACK BELOW 5636 DOWNSIDE TGT 5546/5510

LTP – 5728.55

FRANCE 40 (CAC 40)

BEST BUY & SUPP @ 3230 ACTUAL RESIS & BEST SHORT 3270 A BREAK ABOVE 3320 UPSIDE TGT 3404/3445; A CRACK BELOW 3190 DOWNSIDE TGT 3096/3056

LTP – 3321.50

EU STOXX 50

BEST BUY & SUPP @ 2364 ACTUAL RESIS & BEST SHORT 2392 A BREAK ABOVE 2436 UPSIDE TGT 2488/2518; A CRACK BELOW 2330 DOWNSIDE TGT 2270/2240

LTP – 2426.96

NETHERLANDS 25 (AEX)

BEST BUY & SUPP @ 313 ACTUAL RESIS & BEST SHORT 316 A BREAK ABOVE 319.60 UPSIDE TGT 326.40/329.60 ; A CRACK BELOW 309 DOWNSIDE TGT 302.20/299.05

LTP – 320.30

SPAIN 35 (^IBEX)

BEST BUY & SUPP @ 8460 ACTUAL RESIS & BEST SHORT 8520 A BREAK ABOVE 8580 UPSIDE TGT 8710/8770 ; A CRACK BELOW 8410 DOWNSIDE TGT 8270/8210

LTP – 8562

ITALY (IT MIB 40)

BEST BUY & SUPP @ 15160 ACTUAL RESIS & BEST SHORT 15388 A BREAK ABOVE 15606 UPSIDE TGT 16128/16358 ; A CRACK BELOW 14920 DOWNSIDE TGT 14420/14192

LTP – 15632.05

SWITZERLAND 20 (^SSMI)

BEST BUY & SUPP @ 6068 ACTUAL RESIS & BEST SHORT 6124 A BREAK ABOVE 6182 UPSIDE TGT 6306/6362 ; A CRACK BELOW 5986 DOWNSIDE TGT 5886/5830

LTP – 6122

JAPAN NI 225 (NIKKEI)

BEST BUY & SUPP @ 8518 ACTUAL RESIS & BEST SHORT 8622.80 A BREAK ABOVE 8724 UPSIDE TGT 8958/9062 ; A CRACK BELOW 8408 DOWNSIDE TGT 8184/8080

LTP – 8766.36

AUSTRALLIA (AUS 200)

BEST BUY & SUPP @ 4185 ACTUAL RESIS & BEST SHORT 4215 A BREAK ABOVE 4255 UPSIDE TGT 4306/4336; A CRACK BELOW 4150 DOWNSIDE TGT 4092/4064

LTP – 4239.60

HONK KONG (HANG SEN 40)

BEST BUY & SUPP @ 19412 ACTUAL RESIS & BEST SHORT 19692 A BREAK ABOVE 19990 UPSIDE TGT 20598/20878 ; A CRACK BELOW 19228 DOWNSIDE TGT 18508/18228

LTP – 120110

BRAZIL IBOVESPA (^BVSP)

BEST BUY & SUPP @ 60355 ACTUAL RESIS & BEST SHORT 61102 A BREAK ABOVE 61850 UPSIDE TGT 63522/64268; A CRACK BELOW 59636 DOWNSIDE TGT 57936/57190

LTP – 62312

RUSSIA (MICEX)

BEST BUY & SUPP @ 1468 ACTUAL RESIS & BEST SHORT 1484 A BREAK ABOVE 1500 UPSIDE TGT 1530/1544.50 ; A CRACK BELOW 1452 DOWNSIDE TGT 1422/1408

LTP – 1491.20

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