BOVESPA , SPAIN , ITALY , DUTCH INDICES TRADING LEVELS FOR THE WEEK AHEAD : 16 JULY2012

BOVESPA (BRASIL)

BEST BUY & SUPP @ 53672 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 54404 A BREAK ABOVE 55135 UPSIDE TGT IS @ 56772/57504 ; HOWEVER A CRACK BELOW 52942 DOWNSIDE TARGET IS @ 51306/50574

LTP – 54330

SPAIN 35 (IBEX)

BEST BUY & SUPP @ 6667 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 6730 A BREAK ABOVE 6793 UPSIDE TGT IS @ 6934/6998 ; HOWEVER A CRACK BELOW 6604 DOWNSIDE TARGET IS @ 6464/6400

LTP – 6664.60

ITALY (MIB 40)

BEST BUY & SUPP @ 13718 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 13868 A BREAK ABOVE 14020 UPSIDE TGT IS @ 14358/14508 ; HOWEVER A CRACK BELOW 13566 DOWNSIDE TARGET IS @ 13228/13078

LTP – 13714.88

EU STOXX 50 (DUTCH)

BEST BUY & SUPP @ 2232ACTUAL RESISTANCE & BEST SHORT LEVEL @ 2244 A BREAK ABOVE 2256 UPSIDE TGT IS @ 2284/2296 ; HOWEVER A CRACK BELOW 2220 DOWNSIDE TARGET IS @ 2192/2180

LTP – 2259.09