Europe News update

John Taylor's Open Letter To Greece: "Get Out Greece! Get Out Right Now!"

Get out Greece! Get out right now! You should have moved two years ago; you missed that chance, but now it is much better than later. Summer vacations are being planned while we speak, you must move fast to get the biggest advantage out of bolting from the euro. Don’t let the next global recession bare its teeth. Investors still have money and they are interested in buying your assets when the prices are knocked down – each day you wait their value is deteriorating and you are looking more desperate. Most important: don’t listen to the naysayers in Brussels who are warning you of disaster outside of the ‘protective euro blanket.’ It’s much better outside, even the Turks know this.

(SOURCE:http://www.zerohedge.com/news/john-taylors-open-letter-greece-get-out-greece-get-out-right-now)

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PUNTER CALL 24 HRS UPDATE

FTSE-100 STOCKS FORECASTING

RoyalBank Of Scotland Group Plc:STRONG BUY

2ndResistance Point28.920

1stResistance Point 28.330

LastPrice   27.740

1st SupportLevel    26.820

2nd SupportLevel   25.900

VedantaResources Plc:STRONG BUY

2ndResistance Point1330.333

1stResistance Point 1290.667

LastPrice   1251.000

1st SupportLevel    1203.667

2nd SupportLevel   1156.333

Essar EnergyPlc :STRONG SELL

2ndResistance Point137.141

1stResistance Point 134.571

LastPrice   132.000

1st SupportLevel    128.959

2nd SupportLevel   125.917

Aviva Plc:STRONGBUY

2ndResistance Point367.267

1stResistance Point 362.133

LastPrice   357.000

1st SupportLevel    348.433

2nd SupportLevel   339.867

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WORLD MARKET UPDATE- 2 FEB 2012 WORLD INDEX TECHNICAL ANALYSIS

DOW JONES : AGAIN WE ARE WRITING -DOW JONES ABOVE 12400- NO PROBLEM FOR BULL,IN THIS RALLY WILL TRY TO JUMP 12700-12800-MAXIMUM 12952,BUT BELOW 12600 WILL VERTICALLY FALL UP TO 12400 IS NOT RULED OUT............

THIS RALLY IS MANIPULATIVE AND WILL NOT SUSTAINED FOR LONG TIME.

MAIN REASONS:LIQUIDITY/NEWS DRIVEN +42 ELECTIONS WORLD WIDE+ DIFFERENT POLITICAL PARTY-WILL GIVE FALSE PROMISE OF ECONOMY RECOVER+BULL RALLY OF INFLATION +LOW GDP GROWTH WORLD WIDE(EVEN EMERGING MARKETS)+HIGHER INTEREST COST+STILL BUBBLE IN PROPERTY MARKET- NOW PARTICULARLY IN EMERGING MARKET+MORE PRINTING OF DOLLARS-WILL LIQUID WORLD WIDE STOCK MARKET+WHICH WILL CREATE ALL TIME HIGH DOW JONES+FTSE+CAC+EMERGING MARKET INDEXES.

                       MAJOR ALERT

DO NOT HOLD EQUITIES FOR LONG TIME- TRY TO EXIT AT HIGHER LEVEL-BIG BUBBLE IS ON THE WAY -SOMETHING IS COOKING IN EQUITY MARKET WORLD WIDE-ONCE LIQUIDITY IS PULL BACK ALL MARKET WILL FALL-SEE SMALL TRAILER IN FEB-2012 END+JUNE-2012.....NOV-2012.....BIG FALL IN 2013...... SOMETHING IS MAJOR WRONG ON WORLD  INDICES CHARTS....................................(OUR FORECASTING)

TODAY STILL DOW JONES :BULL POWER:STRONG BUY ON DEEP

2nd Resistance Point		12863.14
1st Resistance Point		12789.80
Last Price		12716.46
1st Support Level		12637.94
2nd Support Level		12559.42

GOLD:STRONG BUY 

2nd Resistance Point 1757.39 1st Resistance Point 1751.58 Last Price    1748.36 1st Support Level 1741.49 2nd Support Level 1737.21

2/2/2012INTRADAY TRADING LEVELS	FTSE 100	CAC 40	Dow Jones	S&P500	Nasdaq 100	Gold	Nikkei
BULL RALLY	5900.77	3420.24	12936.4	1346.34	2520.33	1745.5	8880.46
UP BREAKOUT	5864.09	3402.65	12863.1	1338.92	2509.61	1745.5	8856.9
SELL	5827.4	3385.05	12789.8	1331.51	2498.9	1745.5	8833.35
PIVOT	5754.04	3352.69	12711.3	1323.1	2486.59	1745.5	8806.72
BUY	5717.35	3335.09	12638	1315.69	2475.88	1745.5	8783.17
DOWN BREAKOUT	5643.99	3302.73	12559.5	1307.28	2463.57	1745.5	8756.54
BEAR RALLY	5607.3	3285.13	12486.2	1299.87	2452.86	1745.5	8732.99

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TARGET ACHIEVED: ON PUNTER CALL 2 FEB 2012

STOCK OF THE DAY IN INDIAN MARKETS:

WE HAVE FORECASTED STCINDIA-  STRONG BUY  ON MONDAY+TUES DAY AND TODAY: GONE UP BY 35% STILL HOT

• "State Trading Corporation of India" UP BY 5%
• "Sesa Goa Ltd" UP BY 4.71%
• "MRF" UP BY 1.02%
• "Hindalco Industries" UP BY 3.27|%
• "Jindal Steel & Power" WAS UP BY 2% THEN CRASH PROFIT BOOKING
• "IDFC" OPEN IN OUR SELLING ZONE AND CRASH BY 4.71% ON PROFIT BOOKING

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Europe /US News update

$82 Billion Glencore Xstrata Megamerger Near

In what could be the biggest merger news of the year, Bloomberg reports that Glencore and Xstrata could be close to a merger:

• GLENCORE SAID TO BE NEAR AGREEMENT TO COMBINE WITH XSTRATA
• GLENCORE, XSTRATA MAY ANNOUNCE DEAL AS SOON AS THIS WEEK
• COMBINED XSTRATA, GLENCORE MAY BE WORTH $82 BILLION
• GLENCORE INT'L RISES AS MUCH AS 4.6% IN HONG KONG

It is unclear if this merger will suffer the same fate as the NYSE-Deutsche Borse, but if successful it will surely have a significant impact on commodity prices across the world as yet another monopoly is formed and changes the layout of the playing field once again. More interesting will be the response by the investment banks which have recently also gotten aggressively into the commodities space.

(SOURCE:http://www.zerohedge.com/news/megamerger-coming-glencore-xstrata-combination-near)

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Indian Stock market News

8ReasonsWhyIndianandChineseEconomyisDoomed

By: Wayne Harrel|February 1, 2012

You might have heard about rising China or rising economy of India and media freaking out about India and China are growing powers and stuff like that. The truth is that they won’t even go close to US economy, which I know is running under debt, that’s nothing new. US has been in the worse position before. Remember the great depression? When government brought the gold standard back and killed fiat currency and then brought it back during Vietnam war when they need more money to print?

Well, we’re in the same era and economy is about to collapse, but here is what people assume:

Add caption

“Always Deny Apocalypse, because most of the time you’ll be right, but when you’re wrong, nobody will be left alive to hear that you told so” I dunno who said that…

Details :http://wayneharrel.zielix.com/6-reasons-why-indian-and-chinese-economy-is-doome/)

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PUNTERS TIPS2 FEB 2012-INDIAN STOCK MARKET BULLISH AND BEARISH STOCKS

• Nifty continued the up momentum and closed at 5235 nearing to the litmus zone. 
• So today the first resistance for nifty is at 5258-63 level. Next resistance ranges are at 5283-88,5321-26,5345-50,5389-94,5430-35 levels.
•  On downside first support is at 5207-02 level. Next supports are at 5188-85,5163-59,5147-45,5130-25,5108-05,5068-63,5049-45,5007-02,4990-85, 4963-60,4950-47,4907-02, 4872-68,4863-59,4842-38,4812-07 level.
• Nifty in track once again now the test is for 5258-63 level if nifty hold above this level thumbs up for bulls and on downside intra support exist up to 5185 level.If nifty is below this level be alert and hold no long below that level.

Jindal Steel & Power Ltd: STRONG BUY

2nd Resistance Point 602.333

1st Resistance Point 589.217

Last Price   576.100

1st Support Level 552.467

2nd Support Level 528.833

Hindalco Industries Ltd:STRONG BUY

2nd Resistance Point 159.900

1st Resistance Point 156.550

Last Price   153.200

1st Support Level 147.100

2nd Support Level 141.000

IDFC:STRONG BUY

2nd Resistance Point 143.617

1st Resistance Point 140.783

Last Price   137.950

1st Support Level 133.233

2nd Support Level 128.517

Sesa Goa Ltd:STRONG BUY

2nd Resistance Point 231.333

1st Resistance Point 226.667

Last Price   222.000

1st Support Level 214.167

2nd Support Level 206.333

MRF:STRONG BUY

2nd Resistance Point 8640.066

1st Resistance Point 8460.134

Last Price   8280.200

1st Support Level 7990.133

2nd Support Level 7700.067

The State Trading Corpn:Strong Buy

2nd Resistance Point 308.667

1st Resistance Point 300.833

Last Price   293.000

1st Support Level 279.133

2nd Support Level 265.267

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