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US intra levels - 14th june 2012
| INTRA | spot | DATE | 14th june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1314 | 1308/02/1296/90 | 1320 |
| long | 1320 | 1326/32/38 | 1314 | |
| nasdaq comp | short | 2817 | 2805/2793/81 | 2826 |
| long | 2826 | 2841/56/71/86 | 2817 | |
| WFC | short | 31.5 | 31.35/31.2/31.05/30.9 | 31.65 |
| long | 31.65 | 31.8/31.95/32.1/32.25 | 31.5 | |
| TTM | short | 20.56 | 20.47/20.38/20.29/20.2/20.11 | 20.65 |
| long | 20.74 | 20.83/20.92/21.01/21.1 | 20.65 | |
| GOOG | short | 559 | 556/53/50/47 | 562 |
| long | 562 | 565/68/71/74 | 559 | |
| AAPL | short | 571.5 | 569/66.5/64/61.5 | 574 |
| long | 574 | 576.5/79/81.5/84 | 571.5 |
US intra levels - 13th june 2012
| INTRA | spot | DATE | 13th june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1312 | 1305/1298/91 | 1315.5 |
| long | 1319 | 1326/33/40 | 1315.5 | |
| nasdaq comp | short | 2830 | 2815/2800/2785/70 | 2845 |
| long | 2845 | 2860/75/90 | 2830 | |
| JPM | short | 33.56 | 33.32/33.08/32.84 | 33.68 |
| long | 33.8 | 34.04/34.28/34.52/34.76 | 33.68 | |
| C | short | 27.42 | 27.27/27.12/26.97/26.82 | 27.57 |
| long | 27.57 | 27.72/27.87/28.02 | 27.42 | |
| GOOG | short | 562.5 | 559.5/56.5/53.5/50.5 | 565.5 |
| long | 565.5 | 568.5/71.5/74.5 | 562.5 | |
| AAPL | short | 574.5 | 571.5/68.5/65.5/62.5 | 577.5 |
| long | 577.5 | 580.5/83.5/86.5 | 574.5 |
US intra levels - 12th june 2012
| INTRA | spot | DATE | 12th june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1313 | 1306/1299/92/85 | 1320 |
| long | 1320 | 1327/34/41 | 13130733 | |
| nasdaq comp | short | 2822 | 2811/01/2790/80 | 2832 |
| long | 2843 | 2853/64 | 2832 | |
| JCP | short | 24.24 | 24.11/23.98/23.85/23.72 | 24.37 |
| long | 24.37 | 24.5/24.63/24.76 | 24.24 | |
| C | short | 26.6 | 26.42/26.24/26.06/25.88 | 26.78 |
| long | 26.78 | 26.96/27.14/27.32/27.5 | 26.6 | |
| GOOG | short | 570 | 566.5/63.5/60 | 573 |
| long | 573 | 576.5/79.5/83 | 570 | |
| AAPL | short | 571.5 | 567.5/64/60/56.5 | 575 |
| long | 575 | 579/82.5/86.5 | 571.5 |
Trading levels 11th / 15th June 2012
So, we have had 5 consecutive up days lifting nifty about 300 points from Monday’s lows. That is 6 % which is a massive gain.
We are at very important levels the major resistance of 5130 is just 60 odd points away which can be probably tested on Monday if there is some follow-up action to a small gap-up opening.
If we are able to close above 5130 level and the global cues are supportive …. We can make further progress to 5180 / 5190 level where this rally should finally terminate as anxieties of 17th June / 18th June will play out resulting in some profit booking.
The current up-move is hinging on two factors - RBI cutting repo rates as well as CRR and massive infusion by ECB similar to LTRO. Both are of speculative category. This means we should be willing to exit longs by taking profits whenever there is even a hint that things will not proceed as expected.
Rupee continues to hover around 55 / 56 and we must consider ourselves lucky that it has not gone down further.
07:00 PM
| weekly | DATE | 11th / 15th june 2012 | ||
| world indices | go | entry | Target | Stoploss |
| S & P | short | 1315 | 1306/1297/88/79/70 | 1324 |
| long | 1333 | 1342/51/60/69 | 1324 | |
| nasdaq composit | short | 2857 | 2824/791/58/25 | 2890 |
| long | 2890 | 2923/56/89/3022 | 2857 |
| INTRA | spot | DATE | 11th june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1333 | 1229/25/21/17/13 | 1337 |
| long | 1337 | 1341/45/49/53 | 1333 | |
| nasdaq comp | short | 2871 | 2856/41/26/11 | 2886 |
| long | 2886 | 2901/16/31 | 2871 | |
| BAC | short | 7.73 | 7.66/7.59/7.52/7.45 | 7.8 |
| long | 7.8 | 7.87/7.94/8.01/8.08 | 7.73 | |
| C | short | 28.2 | 28/27.8/27.6 | 28.4 |
| long | 28.4 | 28.6/28.8/29 | 28.2 | |
| GOOG | short | 583.5 | 581.25/79/76.75/74.5 | 585.75 |
| long | 585.75 | 588/90.25/92.5 | 583.5 | |
| AAPL | short | 583 | 580/77/74/71 | 586 |
| long | 586 | 589/92/95/98 | 583 |
US intra levels - 8th june 2012
| INTRA | spot | DATE | 8th june 2012 | |
| go | entry | Target | Stoploss | |
| S&P 500 | short | 1308 | 1303.5/1299/ | 1312.5 |
| long | 1312.5 | 1317/21.5/26/30.5 | 1308 | |
| nasdaq comp | short | 2822 | 2811/2800/2789/78/67 | 2833 |
| long | 2833 | 2844/55/66/77 | 2822 | |
| NOC | short | 59.06 | 58.9/58.65/58.4/58.15/57.9/57.65 | 59.4 |
| long | 59.4 | 59.7/60.02/60.34/60.66/60.98 | 59.06 | |
| GE | short | 18.88 | 18.76/18.66/18.55/18.45/18.34 | 18.97 |
| long | 18.97 | 19/19.13/19.25/19.38/19.5/19.63 | 18.88 | |
| GOOG | short | 575 | 572/69/66/6/60 | 578 |
| long | 578 | 581/84/87/90 | 575 | |
| AAPL | short | 569.25 | 567.5/65.25/63/60.75/58.5 | 572 |
| long | 574.25 | 576.5/78.75/81/83.25 | 572 |