PUNTERS TIPS1 FEB 2012 INDIAN STOCK MARKET BULLISH AND BEARISH STOCKS

NIFTY 

• Nifty took a U-turn Index zoomed to close at 5199.
• Today the first resistance for nifty is at 5232-36 level. Next resistance ranges are at 5250-55,5270-75,5325-30,5348-52,5390-95 levels. 
• On downside first support is at 5183-80 level. Next supports are at 5160-55,5130-25,5108-05,5068-63,5049-45,5007-02,4990-85, 4963-60,4950-47,4907-02, 4872-68,4863-59,4842-38,4812-07 level.
• Nifty back in track once again now the real litmus test is 5250-75 range,Cheers for bulls if nifty strongly trades above this level and on downside main intra support level is at 5160 and better avoid long if nifty is below that level.

The State Trading Corpn:Strong Buy

2nd Resistance Point 282.400

1st Resistance Point 275.200

Last Price   268.000

1st Support Level 253.900

2nd Support Level 239.800

Entertainment Network [India]:Buy

2nd Resistance Point 244.317

1st Resistance Point 237.633

Last Price   230.950

1st Support Level 220.633

2nd Support Level 210.317

Havells India Ltd:Strong Buy

2nd Resistance Point 507.383

1st Resistance Point 494.167

Last Price   480.950

1st Support Level 458.367

2nd Support Level 435.783

Union Bank Of India :Buy

2nd Resistance Point 238.733

1st Resistance Point 233.467

Last Price   228.200

1st Support Level 219.467

2nd Support Level 210.733

Sun Tv Network Limited: Strong Buy

2nd Resistance Point317.817

1st Resistance Point 311.433

Last Price   305.050

1st Support Level 294.633

2nd Support Level 284.217

Ind-Swift Laboratories Ltd: Strong Buy

2nd Resistance Point 129.450

1st Resistance Point 124.350

Last Price   119.250

1st Support Level 111.250

2nd Support Level 103.250

Mrf Ltd :Strong Buy

2nd Resistance Point 8116.933

1st Resistance Point 8010.867

Last Price   7904.800

1st Support Level 7727.867

2nd Support Level 7550.933

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Europe /JAPAN News update

Japan Intervention Alert Louder Than Ever(source:

http://online.wsj.com/video/japan-intervention-alert-louder-than-ever/4D12D2AA-093A-4C92-897F-C8B5285A6920.html?mod=WSJ_WSJ_US_VideoModule_3)

Cup Flows Over for German 

Labor Market

European Pressphoto Agency

German labor market data released Tuesday cast a positive light on the economy not only due to the fall in unemployment, but also due to the steady rise of people paying into the country’s social security system.

The latest data showed that in November the number of individuals with jobs that pay into the social security system increased by 60,000. The data comes a bit behind the unemployment data, which are reported for the current month.

“For a country in which pensions, health care and other benefits are mostly paid out of payroll taxes, this is arguably the single most important statistic,” Berenberg chief economist Holger Schmieding wrote in a note.

Mr. Schmieding calls the number of jobs paying into the social security system “core employment,” and points out that this number of employment has risen by 714,000 on the year in November. This compares with a reduction of 220,000 in unemployment over the same period. In other words, people are re-joining the labor market, who hadn’t even been counted before.

“Germany is mobilising its labour reserves as people retire later, start to work earlier and as the country offers better conditions for women (and men) to re-enter the labour force after a family phase. Germany is also attracting more skilled immigrants,” Mr. Schmieding wrote in a note
.(source:http://blogs.wsj.com/eurocrisis/2012/01/31/cup-flows-over-for-german-labor-market/)

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US NEWS UPDATE

The Market Says CYA LTRO To Yesterday's Negativity

10 Year Bond 30 Year Treasury Bond CDS Convexity European Central Bank Exchange Traded Fund High Yield Italy Sovereign Debt

The market is back to being excited and bullish. Yesterday’s announcement out of Europe was underwhelming, but no one cares as a Greek PSI announcement is expected any moment.  It will be interesting to finally find out how many bonds sign on at the time of the agreement and who the potential holdouts are. More importantly, once again LTRO is the talk of the town.  Talk is that the demand will be €1 trillion or more (as ZeroHedge discussed here first over two weeks ago).  It will be interesting to see if the number approaches that or is far smaller.  We continue to believe that banks are using it to prefund redemptions and not as cheap financing to start a new round of asset gathering.  All the talk about the “carry” trade makes it sound like something new that the banks have just figured out, when it is the exact trade that got them in trouble in the first place.  Why did banks sell naked CDS on companies and countries (write protection)?  Because they got carry with no funding worries. Listening to the “chatter” you would think the market is on fire, yet S&P is barely up in almost 2 weeks (it closed 1308 on the 18th).  For the past couple of weeks, fading rallies has been working well, and we don’t see that changing as more and more people become convinced that “Europe is priced in” and ignore that strong earnings were priced in and aren’t really materializing.

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FTSE SHARE TIPS

FTSE-100 BOUNCE BACK /SHORT COVERING  RALLY IS EXPECTED TODAY-
Silver:Strong buy
2nd Resistance Point 34.1903
1st Resistance Point 33.9647
Last Price   33.7480
1st Support Level 33.4707
2nd Support Level 33.2023

Royal Bank Of Scotland Group Plc:Strong Buy

2nd Resistance Point 28.329

1st Resistance Point 27.544

Last Price   26.760

1st Support Level 26.171

2nd Support Level 25.583

Vedanta Resources Plc:Strong Buy
2nd Resistance Point 1248.493
1st Resistance Point 1212.247
Last Price   1176.000
1st Support Level 1153.877
2nd Support Level 1131.753

Randgold Resources Limited:Strong Buy

2nd Resistance Point 7318.333

1st Resistance Point 7281.667

Last Price   7245.000

1st Support Level 7191.667

2nd Support Level 7138.333

GOLD:Strong Buy
2nd Resistance Point 1756.22
1st Resistance Point 1750.01
Last Price    1743.79
1st Support Level 1732.31
2nd Support Level 1720.82


DOW JONES:STRONG BUY
2nd Resistance Point 12744.06
1st Resistance Point 12698.89
Last Price    12653.72
1st Support Level 12568.98
2nd Support Level 12484.24

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Europe News update

European Bailout Infographic: Presenting The Truckloads Of Cash Needed To Rescue The Insolvent PIIGS

Central Banks

...No, literally truckloads. Our friends at demonocracy.info have been kind enough to put together an infographic that explains the European bailout in simple, visual terms, that even the most innocent of FTL truckers can grasp without much exertion, for the simple reason that it shows all the bailouts amounts in terms of trucks of cash. And here is the kicker: one would need a 13 lane highway, filled with trucks bumper to bumper, stretching for about 3 kilometers to represent the €2.91 trillion in total amounts owed by the PIIGS and their citizens (whether voluntarily or not... actually make that involuntarily) to  Europe's largest banks. What is most frightening is what is not shown: just how it is that the world's central banks are keeping all of these banks propped up. Because sooner or later all this money will be discovered to have been fatally misallocated. Then the real bailout cost will become all too evident, and just like in the US, it will be in the double digit trillions. Which means the metaphorical highway of trucks full of cash will stretch on for kilometers and kilometers and so on (or miles, for the naive US-based truckers). But since that day is in the future, there is no reason to worry about it.

(SOURCE:http://www.zerohedge.com/news/european-bailout-inforgraphic-presenting-truckloads-cash-needed-rescue-insolvent-piigs)

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TARGET ACHIEVED: PUNTER CALL 24 HRS UPDATE:INDIAN STOCK MARKET:31 JAN 2012

• 3i Infotech and LIC housing: short covering : stock jump from red to green by 2.28%
• State Trading Corporation of India: today stock jump by 10%
• Reliance Capital: stock jump by 2.22%
• Honda Siel Power Products: stock jump by 1.05%
• Federal-Mogul Goetze: stock jump by 2.60%

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WORLD MARKET UPDATE- 31 JAN 2012 WORLD INDEX TECHNICAL ANALYSIS

31/1/2012INTRADAY TRADING LEVELS	FTSE 100	CAC 40	Dow Jones	S&P500	Nasdaq 100	Gold
BULL RALLY	5815.34	3337.34	12789.2	1327.51	2503.51	1750.2
UP BREAKOUT	5767.26	3313.44	12744	1322.68	2490.78	1743.7
SELL	5719.17	3289.54	12698.9	1317.84	2478.05	1737.2
PIVOT	5685.37	3276.78	12614.1	1309.17	2455.84	1726.1
BUY	5637.28	3252.88	12569	1304.33	2443.11	1719.6
DOWN BREAKOUT	5603.48	3240.12	12484.2	1295.66	2420.9	1708.5
BEAR RALLY	5555.39	3216.22	12439.1	1290.82	2408.17	1702

GOLD:Strong Buy
2nd Resistance Point 1756.22
1st Resistance Point 1750.01
Last Price   1743.79
1st Support Level 1732.31
2nd Support Level 1720.82

DOW JONES:STRONG BUY

2nd Resistance Point 12744.06

1st Resistance Point 12698.89
Last Price   12653.72

1st Support Level 12568.98

2nd Support Level 12484.24

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US NEWS UPDATE

Long-Dated VIX Still Priced For Depression Risk

Goldman Sachs goldman sachs Great Depression Gross Domestic Product Jim Reid Volatility

Since the spike in VIX in October of last year, short-dated volatility (and correlation) has dropped significantly, but the vol term-structure has steepened, and long-dated volatility remains stubbornly high. Goldman Sachs updates their volatility debt cycle thesis today and so far we are following the typical cycle post-volatility-spike - realized vols drop, short-term implied vols drop, term structure steepens, long-term vols drop - leaving them focused on both the implications of the current low levels of short-term vol and the high-levels of long-term vol. In brief, short-term volatility reflects very closely the current macro environment (GDP growth, ISM, high-yield, and Goldman's models) but longer-dated volatility trades significantly worse. The volatility (variance swaps) market is expecting realized volatility to be very high over the next 5-10 years - the only time this has happened was during The Great Depression. Professionals remain anxiously aware that the global debt super-cycle has ended and that we face deleveraging and deflationary pressures for years to come, short-dated vol will continue to ebb and flow with each band-aid and risk flare but investors deep-down know that the 'big one' remains around the corner. Although markets are in a healthy state at the moment it would only take a relatively mild cross-wind to expose the problems again and vol markets reflect this despite what the mainstream media's view of the fear index tells us.

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US NEWS UPDATE

Credit And Financials Underperform As S&P Holds 1300

US equity markets went sideways to higher after the European close on low volumes and minimal support from broad risk drivers in general (with SPX bouncing off 1300). HYG tracked ES (the e-mini S&P 500 futures contract) higher as it tried to get back to unchanged (during an afternoon of notably smaller average trade size until the close which suggests covering by bigger players). HY and IG credit markets were not as ebullient as stocks and into the close HYG sold off relatively well to catch back down with HY's weakness on the day. Treasuries, credit, FX, and commodities all closed near the middle of the day's range while ES managed to get back near its highs (with volumes down 15% from Friday and near the lowest of the year so far). Financials underperformed once again (as Tech was the only sector in the green by the close). Treasury yields helped support some of the rally in the afternoon in US equities as 30Y shifted from -11bps to -5bps by the close but overall Treasuries outperformed (stocks should be down more on a beta basis given bonds move). JPY was the outlier today, stronger vs USD by 0.46% from Friday while elsewhere in FX, the USD (+0.4% from Friday) lost some of its gains against the majors after the European close with EURUSD back above 1.31 by the close. Gold (with its pending death cross to match SPX's golden cross) just outperformed its commodity peers (with oil close behind) though they all lost ground as USD strengthened with Copper and Silver underperforming. VIX gained about 1 vol from Friday but leaked lower by around 1 vol from its opening peak above 20.

(SOURCE:http://www.zerohedge.com/news/credit-and-financials-underperform-sp-holds-1300)

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PUNTER CALL 24 HRS UPDATE:INDIAN STOCK MARKET:31 JAN 2012

                                                                                NIFTY 

• Updated for-Jan/31/2012 Nifty took a break on upward journey and tanked to close lower at 5087. 
• Today the first resistance for nifty is at 5121-26 level. Next resistance ranges are at 5153-58,5166-70,5210-15,5250-55,5340-45 levels. 
• On downside first support is at 5052-48 level. Next supports are at 5018-13,4993-88, 4963-60,4950-47,4907-02, 4872-68,4863-59,4842-38,4812-07 level.
• Nifty again closed on deep red after short bul rally So today if nifty trades below 5050 be very alert and sellers will take the control if nifty is below 5013 so unless nifty trade well above 5126 long is not advisable.

The State Trading Corpn:Strong Buy

2nd Resistance Point 261.317

1st Resistance Point 252.633

Last Price   243.950

1st Support Level 227.633

2nd Support Level 211.317

Honda Siel Power Products Ltd :Strong Buy

2nd Resistance Point 386.417

1st Resistance Point 378.133

Last Price   369.850

1st Support Level 355.933

2nd Support Level 342.017

Federal-Mogul Goetze Ltd:Strong Buy

2nd Resistance Point 248.950

1st Resistance Point 242.900

Last Price   236.850

1st Support Level 225.900

2nd Support Level 214.950

Reliance Capital Ltd:Strong Buy

2nd Resistance Point 377.417

1st Resistance Point 365.333

Last Price   353.250

1st Support Level 338.133

2nd Support Level 323.017

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WORLD NEWS UPDATE

• Oil below $99 in Asia on Greece debt concern-KUALA LUMPUR: Oil fell below $99 a barrel Monday in Asia amid fresh concerns that Europe may refuse to grant Greece a fresh bailout.(SOURCE:http://www.dawn.com/2012/01/30/oil-below-99-in-asia-on-greece-debt-concern.html)
• European shares fall as banks hit by Greece fears(SOURCE:http://www.reuters.com/article/2012/01/30/markets-europe-stocks-idUSL5E8CU0F320120130)
• Soybeans Fall for a Second Day as Rains Ease South American Crop Concern(SOURCE:http://www.bloomberg.com/news/2012-01-30/soybeans-fall-for-a-second-day-as-rains-ease-south-american-crop-concern.html)

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WORLD MARKET UPDATE- 30 JAN 2012 WORLD INDEX TECHNICAL ANALYSIS

DOW JONES: TODAY DOW JONES HAS STRONG SUPPORT LEVEL AT 12584 ONCE IT'S BREAK MORE BLOOD BATH CAN SEEN ..UP TO…12508.. 12426   ..SOME THING IS WRONG ON WEEKLY CHART….MAJOR DOWN FALL ON CARDS………………………PANIC BUTTON……….12573….
BULL RALLY	12900.8	Fib R3	12823.4	Brk Out Long	12,747.38
UP BREAKOUT	12825	Fib R2	12765	Short	12,703.92
SELL	12742.7	Fib R1	12727	HL2	12,689.43
PIVOT	12667	Pivot	12667	HL1	12,674.95
BUY	12584.7	Fib S1	12606.9	LL1	12,645.97
DOWN BREAKOUT	12508.9	Fib S2	12569	LL2	12,631.49
BEAR RALLY	12426.7	Fib S3	12510.5	Long	12,617.00
				Brk Out Short	12,573.54

Gold Cash:STRONG BUY

2nd Resistance Point 1748.22

1st Resistance Point         1734.64

Last Price   1720.48

1st Support Level      1712.34

2nd Support Level     1703.62

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PUNTER CALL 24 HRS UPDATE

DLF:SELL( BELOW 206.767 MORE PAIN)
2nd Resistance Point 229.333
1st Resistance Point         220.467
Last Price   211.600
1st Support Level               206.767
2nd Support Level               201.933

Reliance Industries Ltd:SELL:
( Below 797.9 go for sell -T 786-780)
2nd Resistance Point844.667
1st Resistance Point 832.533
Last Price   820.400
1st Support Level  803.633
2nd Support Level 786.867

LIC Housing Finance:Strongly Buy
2nd Resistance Point 263.583
1st Resistance Point        257.767
Last Price   251.950
1st Support Level                248.317
2nd Support Level                 244.683

(RED ALERT:ALREADY ACHIEVED ALL TARGET FOR TODAY JUST SELL MORE BLOODBATH Below 246.3 go for sell The intraday signal is SELL 244....242...240 )

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WORLD MARKET UPDATE- 30 JAN 2012 WORLD INDEX TECHNICAL ANALYSIS

FTSE-100
Astrazeneca Plc:BUY
2nd Resistance Point 3079.000
1st Resistance Point 3057.500
Last Price   3036.000
1st Support Level 3021.000
2nd Support Level 3006.000

SELL-VEDANTA....AVIVA....BARCLAY...RBS WILL FALL VERTICAL

BUY-PHARMA STOCKS+VODAFONE........

Essar Energy Plc: STRONGLY SELL

2nd Resistance Point 139.800
1st Resistance Point 137.100
Last Price   134.400
1st Support Level 132.400
2nd Support Level 130.400

30/1/2012INTRADAY TRADING LEVELS	FTSE 100	CAC 40	Dow Jones	S&P500	Nasdaq 100	Gold
BULL RALLY	5861.44	3417.68	12837.3	1328.4	2485.09	1758
UP BREAKOUT	5818.78	3384.71	12778.4	1324.38	2477.32	1749.4
SELL	5776.11	3351.73	12719.4	1320.35	2469.54	1740.8
PIVOT	5752.54	3335.25	12675.1	1316.04	2459.69	1728.5
BUY	5709.87	3302.27	12616.1	1312.01	2451.91	1719.9
DOWN BREAKOUT	5686.3	3285.79	12571.8	1307.7	2442.06	1707.6
BEAR RALLY	5643.63	3252.81	12512.8	1303.67	2434.28	1699

Palladium Cash:Indicators signal:Strong Buy

2nd Resistance Point        689.00
1st Resistance Point   687.00
Last Price   686.00
1st Support Level       683.00
2nd Support Level       681.00
FTSE NEWS UPDATE:

BP Plc (LON:BP) shares are maintained at Buy at Dolmen Stockbrokers. Dolmen have set a target share price at 550 on BP stock, there is an upside of 18% from our last quote at 466.2.


Royal Dutch Shell plc (LON:RDSA) is still a Buy at ING Wholesale Banking; a target share price is set at 2268, this is some 22% higher than our last quote at 2761.


Cairn Energy plc (LON:CNE) is a Hold at Numis Securities. A target share price at 304 suggests a potential upside of 7.6% from our last quote at 282.6.

(SOURCE:http://www.dofonline.co.uk/content/view/5999/152/)

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