Messages
Trading levels 25th / 29th June 2012
Last Monday was a big down day …. erasing most of previous Fridays gains. The Greek election results were favourable – the leftist, anti austerity party lost ……. But RBI sprung a surprise maintaining status quo on REPO as well as CRR rates.
The next three days Nifty clawed back but Thursday’s big downtick on US markets meant that we had a big gap-down on Friday. Nevertheless, market moved up again showing extreme resilience and closed marginally up on weekly basis.
This meant we had third weekly positive closing in a row.
Sliding Rupee is the biggest concern now and apparently RBI has no solution as well as will to stop the slide. We have closed below 57 and we might as well see 58 level taken out in the coming week.
We should be opening strong on Monday – on the back of Fridays show of strength in US markets in the face of Moody downgrades. If we manage to close above last Mondays high of 5190…. there is a case for further up-move up to 5280.
Many fundamentally sound stocks are still available at reasonable valuations and should be bought for some quick gains if Monday gives indication of closing above 5190.
06:53 PM
US intra + weekly trading levels ...
| weekly | DATE | 25TH / 29TH JUNE 2012 | ||
| world indices | go | entry | Target | Stoploss |
| S & P | short | 1338 | 1335/27/19/11/03/1295/87/79 | 1353 |
| long | 1353 | 1358/68/77/87 | 1338 | |
| nasdaq composit | short | 2891 | 2866/41/16/2791 | 2916 |
| long | 2916 | 2941/66/91/3016 | 2891 | |
| dow jones | short | 12660 | 12520/380/240/100 | 12800 |
| long | 12800 | 12940/13080/220 | 12660 |
| INTRA | spot | DATE | 25th june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1326 | 1320/14/08/02/1297 | 1332 |
| long | 1332 | 1338/44/50/56/61 | 1326 | |
| nasdaq comp | short | 2864 | 2856/44/32/20 | 2880 |
| long | 2880 | 2886/2907/29/50 | 2864 | |
| GOOG | short | 568 | 564.5/61/57.5 | 571.5 |
| long | 571.5 | 575/78.5/82 | 568 | |
| JPM | short | 35.5 | 35.2/34.9/34.6/34.3/34 | 35.65 |
| long | 35.8 | 36.1/36.4/36.7/37 | 35.65 | |
| RHT | short | 54.5 | 54.1/53.7/53.3/52.9 | 54.7 |
| long | 54.9 | 55.3/55.7/56.1/56.5 | 54.7 | |
| AAPL | short | 579 | 576/73/70 | 582 |
| long | 582 | 585/88/91/94 | 579 |
US intra levels - 22nd june 2012
| INTRA | spot | DATE | 22nd june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1328 | 1323/18/13/08 | 1333 |
| long | 1333 | 1338/43/48 | 1328 | |
| nasdaq comp | short | 2861 | 2848/35/22/09 | 2874 |
| long | 2874 | 2887/2900/913/926 | 2861 | |
| ADBE | short | 31.3 | 31.07/29.84/29.61/29.38 | 31.53 |
| long | 31.53 | 31.76/31.99/32.22/32.45 | 31.3 | |
| JPM | short | 36.03 | 35.82/35.61/35.4/35.19 | 36.24 |
| long | 36.24 | 36.45/36.66/36.87 | 36.03 | |
| RHT | short | 53 | 52.76/52.53/52.29/52.06 | 53.24 |
| long | 53.47 | 53.7/53.94/55.17/55.41 | 53.24 | |
| AAPL | short | 580 | 576/72/68 | 584 |
| long | 584 | 588/92/96 | 580 |
US intra levels - 21st june 2012
| INTRA | spot | DATE | 21st june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1353.5 | 1348/42.5/37 | 1359 |
| long | 1359 | 1364.5/70 | 1353.5 | |
| nasdaq comp | short | 2918 | 2907/2896/85/74 | 2929 |
| long | 2929 | 2940/51/62/73 | 2918 | |
| ADBE | short | 32.12 | 32/31.88/31.76/31.64 | 32.24 |
| long | 32.24 | 32.36/32.48/32.6/32.72 | 32.12 | |
| JPM | short | 36.51 | 36.35/36.19/36.03/35.87/35.71 | 36.67 |
| long | 36.67 | 36.73/36.89/37.05/37.21 | 36.51 | |
| GOOG | short | 578 | 575/72/69/66 | 581 |
| long | 581 | 584/87/90/93 | 578 | |
| AAPL | short | 585 | 582/79/76/73/70 | 588 |
| long | 588 | 591/94/97/600 | 585 |
07:00 PM
subscribers who hv made payment under GUDHI PADWA scheme shud note that these accounts wl be deactivated on 1st july unless renewed in next 10 days .....
US intra levels - 19th june 2012
| INTRA | spot | DATE | 19th june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1346 | 1343/40/37/34/31/28 | 1349 |
| long | 1352 | 1355/58/61/64 | 1349 | |
| nasdaq comp | short | 2902 | 2888/74/60/46 | 2913 |
| long | 2913 | 2921/29/37/45 | 2902 | |
| MSFT | short | 29.86 | 29.73/29.6/29.47/29.34/29.21 | 29.99 |
| long | 29.99 | 30.12/30.25/30.38/30.51/30.64 | 29.86 | |
| CBS | short | 31.67 | 31.49/31.31/31.13/30.95 | 31.85 |
| long | 31.85 | 32.03/32.21/32.39/32.57 | 31.67 | |
| HPQ | short | 21.07 | 20.95/20.83/20.71/20.59/20.47 | 21.19 |
| long | 21.19 | 21.31/21.43/21.55/21.67/21.79 | 21.07 | |
| AAPL | short | 583.5 | 581/78.5/76/73.5 | 586 |
| long | 586 | 588.5/91/93.5/96 | 583.5 |
us intra levels - 15th june 2012
| INTRA | spot | DATE | 15th june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1330 | 1324/18/12 | 1336 |
| long | 1336 | 1342/48/54 | 1330 | |
| nasdaq comp | short | 2840 | 2832/24/16 | 2848 |
| long | 2856 | 2864/72/80 | 2848 | |
| ADBE | short | 31.85 | 31.73/31.61/31.49 | 31.97 |
| long | 31.97 | 32.09/32.21 | 31.85 | |
| TTM | short | 21.02 | 20.93/20.84/20.75/20.66/20.57 | 21.11 |
| long | 21.2 | 21.29/21.38/21.47/21.56/21.65 | 21.11 | |
| C | short | 28.09 | 27.95/27.81/27.67/27.53 | 28.23 |
| long | 28.23 | 28.37/28.51/28.65 | 28.09 | |
| JPM | short | 34.74 | 34.59/34.43/34.28/34.12 | 34.9 |
| long | 35.05 | 35.2/35.36/35.51/35.77 | 34.9 |