Market View 31 August , 2007

!!!!!!!!!STEADY GAINS!!!!!!!

AFTER A HIGHLY VOLATILE SEESION OF F & O EXPIRY , NIFTY MANAGED TO CLOSE ABV 4400 LVLS WHICH WE HAD RECOMENDED TO OUR CLIENTS THT THIS ROLLOVER WILL BE ABV 4400 LVLS ONLY FOR SPOT NIFTY.

SENSEX MADE A HIGH OF 15200 IN THE EARLY SESSION YESTERDAY & WHOLE DAY MANAGED TO TRADE BELOW THT. WE HAD WRITTEN FEW DAYS BACK THT ONCE SENSEX CLOSES ABV 15200 THEN ONE CAN SEE 15500 - 15600 LEVELS VERY SOON.

NIFTY LVLS :
CLOSE : 4412
SUPPORTS : 4405, 4385 , 4360
RESISTANCES : 4425, 4440 , 4500

ONCE NIFTY CROSSES 4440 ONE CAN SEE 4500 LVLS VERY SOON.

STOCKS TO WATCH OUT ARE :

RELIANCE PACK : THIS IS THE PACK WHICH WE ARE RECOMENDING SINCE LAST MANY MONTHS & ADVISING OUR CLIENTS WITH TRADING AS WELL AS INVESTMENT IDEAS BY GIVING THE ENTRY & EXIT OPTIONS. THIS IS ONE OF OUR PACK WHERE OUR CLIENTS MINTED THE MOST. WE ARE TRADING IN ALL THESE COMPANIES SINCE MAY 2007.

MARKETS AFTER MAKING LOW OF 13800 ROSE SHARPLY TO 15200 LVLS WHICH HAS MORE THEN 1400 POINTS RALLY FROM LOWER LEVELS & IT COMES TO APPROX 10 % GAINS IN JUST 8 TRADING SESSIONS. IN THIS TIME RELIANCE PACK HAS GIVEN MORE THEN 15% RALLY IN THE STOCK PRICES.

FOR SHORT TERM GAINS APART FROM LARGIES ARE :

FSL
DISH TV
WHIRLPOOL
TANEJA AERO
TECH MAHINDRA
CREST ANIMATION
SHASUN CHEMICALS
SHREE PRECOATED STEEL

ALL THESE SCRIPS ARE BACKED BY FUNDMENTALS TOO.

LAST MONDAY WE HAD RECOMENDED AUTO STOCKS. CHECK OUT THEN PRICES & PRICES TODAY.

MARKET NEWS :

NSE to add 14 stks more in F&O Segment from September 6 : 3I Infotech, Aptech, Bhushan Steel, Biocon, CMC, Havells India, Lakshmi Machines, NIIT Tech., Nucleus Software, Sasken Comm., Tech Mahindra, Tulip IT, Welspun Guj St. and Yes Bank.

Technologies (1:1) to trade ex-bonus today.

Educomp Solutions (Rs 2), Indusind Bank (Rs 0.6), International Travel (Rs 3), IVRCL Infra (Rs 1) and UCal Fuel Systems (Rs 1) to trade ex-dividned today.

GOOD DAY, HAPPY INVESTING

Market View 30 August , 2007

WHEN WE ARE UP OTHERS ARE UP TOO

THIS IS AN UNKIND OF THING HAPPENED WHEN YESTERDAY OTHERS GLOBAL MARKETS WERE DOWN & INDIAN MARKETS WERE UP. TAKING CUE FROM INDIAN MARKETS YESTERDAY ALL OTHER GLOBAL MARKETS BOUNCED BACK & ENDED IN +VE TERRITORY.

TODAY TO MARKETS TO OPEN FIRM & CAN BE A VOLATILE SESSION ON ACCOUNT OF f & O EXPIRY.

NIFTY VIEW :
CLOSE : 4359
SUPPORTS : 4340 , 4300
RESISTANCES : 4385 , 4410

STOCKS TO WATCH OUT ARE

RELIANCE PACK
ENGG STOCKS
BANKING STOCKS

I KNOW THIS WE ARE RECOMENDING FROM THE LAST MANY DAYS BUT THESE ARE THE ONLY STOCKS WHICH HAVE JUST RAN UP BY MORE THEN 10 % IN THE LAST FEW TRADING SESSIONS.

FROM THE LAST FEW TRADING SESSIONS WE ARE WATCHING THAT THIS IS CLEAR CUT SHORT COVERING & ROLLOVER HAPPENING IN FUTURE.

WE WOULD LIKE TO ADVISE OUR READERS ITS BETTER TO BOOK PROFITS AROUND 15500 - 15600 LVLS BY USING THESE RALLIES.

THERE ARE TWO STAGES IN MARKETS ONE IS THE ACCUMULATION STAGE WHERE WE USE CORRECTION TO BUY & HOLD & ONE IS THE DISTRIBUTION STAGE WHERE WE USE RALLIES TO BOOK PROFITS & THIS IS THE RALLY WHERE WE FEEL THAT THIS IS NOT ACCUMULATION STAGE , THIS IS DISTRIBUTION STAGE.

GOOD DAY, HAPPY INVESTING

Market View 29 August 2007

MARKETS HEADING TOWARDS 15500 - 15600

WE ARE BACK AFTER TWO DAYS VACATION. MARKETS HAVE BOUNCED FROM THE RECENT LOW OF 13779 & 13870 WHICH ARE VERY CLOSE TO 200 DMA & STRONG SUPPORT. MARKETS HAD FILLED THE GAP AROUND 14960 - 14970 LVLS WHICH HAS BEEN FILLED TODAY & FROM HERE WE EXPECT THAT MARKETS TO BOUNCE FROM HERE & CAN GO UPTO 15500 - 15600 LVLS. FOR NIFTY THE 4500 - 4525.

ON 23 AUGUST 2007 WE HAD WRITTEN THE FOLLOWING THINGS : PLS CLICK THIS LINK TO READ MORE http://alliesfin.blogspot.com/2007/08/market-view-23-august-2007.html . WE ARE CLOSE TO 15000 NOW & NEXT 15500 - 15600.

WE HAD POSTED ON THE FOLLOWING STOCKS TO TRADE IN LAST WEEK FOR SHORT TERM

RELIANCE PACK : RIL, REL CAP, R COM, RPL, RNRL
ENGG STOCKS : ABB , LNT, SIEMENS...........
BANKING STOCKS : SBI, ICICI BANK..........

OTHER STOCKS CAN BE CHECKED OUT FROM LAST MANY DAYS WERE

EDUCOMP
SHRE PRECOATED STEEL
ZYLOG
WHIRLPOOL
ORICON ENTERPRISES & MANY MORE.

FOR SHORT TERM THE MARKETS SHOULD CLOSE ABV 14980 LVLS FOR TG OF 15500 - 15600.

GOOD DAY , HAPPY INVESTING

ANNIVERSARY CELEBRATIONS

TODAY IS THE DAY WHEN WE ARE COMPLETING 2 YEARS OF OUR FOUNDATION. ON THIS DAY WE WOULD LIKE TO RECEIVE ALL UR BLESSINGS & THANK YOU FOR CONSIDERING US AS YOUR FINANCIAL ADVISORS FOR EQUITIES , MUTUAL FUNDS & INSURANCE & HOPE WE ADD MORE SERVICES TO OFFER YOU IN OUR BASKET.

THANKS & REGARDS,

AXIT SHAH
Equity Advisory Desk ~ Allies Financial Services
Gsm : ( +91 ) 9820 191219 ~ 98699 58999
Personal mails : axits@rediffmail.com
Business mails : alliesfin@rediffmail.com
yahoo id : alliesfin9
Website : http://alliesfin.blogspot.com/


MORE ON MARKETS :

NIFTY HAS GOOD SUPPORT @ 4000 LVLS. YESTERDAY WE HAD SEEN A HIGHLY VOLATILE SESSION DUE TO THE DIRTY POLITICAL GAME HAPPENING AT CENTRE NOW.

I WOULD ADVISE TO STAY AWAY FOR FEW UNTILL EVERY THING SETTLES DOWN & WE GET A CLEAR PICTURE TO BUY IN MARKETS.

INVESTORS CAN TAKE BUY OF BUYING AT DIPS & FOR TRADERS BUY @ SUPPORTS & SELL @ RESISTANCES.

NIFTY VIEW :

TODAY'S OUTLOOK : SIDEWAYS. WITH -VE BIAS.........

The sharp downtrend was seen in intraday of 65 points breaching 4100 level. The support level of 4080 acted strongly and Nifty Futures closed at 4115 levels. As Nifty Futures is in a consolidation phase, a high volatility is expected where lower support levels and higher resistance levels will change the short-term trend in opposite direction. The trendline on the daily chart is showing support at 4060 – 4050 and closing below this level may extend the downtrend up to the previous bottom of 3950. If Nifty Futures continues the corrective uptrend then 4250 is strong resistance.The intraday support levels are at 4050 and 4010 where as the resistance levels are at 4170 and 4210.

SENSEX VIEW :

The yawning gap between 14680 and 14964 is lakshman rekha for the bulls. The next meaningful resistance comes in at Thursdays high of 14554, 390 point higher from the close. The support for the Sensex comes in at 14150, Buy Puts if Sensex trades below 14150. Cement, Fertilizer and financials stocks are likely to outperform the markets.

GOOD DAY , HAPPY INVESTING


FOR NEXT FEW SESSIONS WE ARE GOING OUTSTATION & WILL NOT BE ABLE TO UPDATE. ANY QUERIES THEN SMS ON 098699 58999

SOME FUN APART MARKETS :

Why INDIA is in trouble?

Population: 100 crore
9 crore retired
30 crore in state Govt
17 crore in central Govt (Both Category don't work)
1 crore IT professional (don't work for India)
25 crore in school
1 crore r under 5 years
15 crore unemployed
1.2 crore u can find anytime in hospitals
Statistics says u find 79,99,998 people anytime in jail
The Balance two are U & Me. U are busy " checking Mails /sending fwds.. "..!!

HOW CAN I HANDLE INDIA alone?

Market View 23 August, 2007

ARE WE BOTTOMING OUT??????????

YES ONE CAN TEL THT THIS IS TRUE IF 13800 LVLS ARE NOT BROKEN & WE SUSTAIN AT THIS LEVELS. THE MARKETS NEED TO CONSOLIDATE AT THIS LEVELS. YESTERDAY WE HAD CLEARLY WRITTEN ABT MOMEMTUM BUYING TO HAPPEN IN MARKETS. CLICK HERE TO KNOW MORE http://alliesfin.blogspot.com/2007/08/market-view-22-august-2007.html

NIFTY VIEW :
CLOSE : 4153
SUPPORTS : 4140 , 4100
RESISTANCES : 4165, 4190 , 4210

FOR TODAY MARKETS TO OPEN FIRM ON ACCOUNT OF GLOBAL CUES, BUT ONE NEEDS TO CHECK OUT THT AT HIGHER LVLS PROFIT BOOKING MAY COME AS ITS SHARP RISE FROM BOTTOM.

SENSEX IF CLOSES ABV 14500 & FOR NIFTY ABV 4225 THEN ONE CAN SEE 15000 & 4400 LVLS VERY SOON.

STOCK IDEAS FOR TRADING :-)

RELIANCE PACK
ENGG STOCKS : LNT, ABB, SIEMENS, PUNJ LLYOD
BANKING STOCKS : SBI, ICICI BANK ETC

FOR TRADERS ONE STRATEGY :

The appropriate strategy in this stage of market is buying in intraday falls with appropriate stop loss and exiting the positions at strong resistance levels.

GOOD DAY, HAPPY INVESTING


SECTORIAL UPDATE :

INDIAN PIPE INDUSTRY : WE ARE BULLISH ON THIS SECTOR FOR INVESTMENTS.

POST CLOSING UPDATES :-)

WHAT A ROLLER COATER RIDE TODAY. ONE OF THE HIGHLY VOLATILE SESSIONS HAS BEEN WITNESSED TODAY WITH MORE THEN 1200 POINTS MOVES HAS BEEN SEEN TODAY. A LAST SENSEX CLOSED @ 14164 WITH -VE 84 POINTS WHILE NIFTY CLOSED @ 4115 WITH - 38 POINTS.

AS CLEARLY MENTIONED IN THE MORNING THT MARKET HAS STIFF RESISTANCE @ 14500 & FOR NIFTY 4225. MARKETS ONCE BREACHED THESE LEVELS UPSIDE BUT AT HIGHER LVLS PROFIT BOOKING HAS BEEN SEEN & ALSO THERE ARE FEW FOOLISH POLITICAL COMMENTS HAPPENING ALL ROUND IN MEDIA WHICH LEAD THE MARKETS TO TANK & ENDED UP -VE.

SO UNDER SUCH SITUATIONS ITS BETTER TO PACK UR BAGS FOR FEW DAYS & RELAX. TRADERS ARE HARDLY HIT UNDER THIS HIGHLY VOLTILE MARKETS.

GOOD DAY AHEAD, HAPPY INVESTMENTS

Market View 22 August , 2007

MOMEMTUM BUYING WIL HAPPEN

INDIAN MARKERTS ARE UNDEPERFORMING OTHER MARKETS SO WE WIL SOME MOMEMTUM BUYIN HAPPENING THERE.

NIFTY VIEW :
CLOSE : 4075
SUPPORTS : 4040 , 4000
REISISTANCES : 4125, 4140 & 4200

WE EXPECT THE MARKETS TO OPEN UP & REMAIN +VE FOR THE DAY.

STOCKS TO WATCH FOR SHORT TERM TRADES ARE

ORBIT CORP : BUY @ 410 SL 395 TG 425 , 440 , 465 INTRA DAY

ZYLOG SYSTEMS : BUY @ 425 SL 410 TG 440, 455, 470 INTRA DAY

GREMACH : BUY @ 176 SL 172 TG 181 INTRA DAY

OTHER DELIVERY BUYS IN LARGIES ARE :

RELIANCE PACK
ENGG STOCKS : LNT, ABB ETC.....
BANKING STOCKS : SBI, ICICI ETC.....

GOOD DAY , HAPPY INVESTING

POST CLOSING UPDATES :-)

AS STATED IN MORNING MOMEMTUM BUYING HAPPENED IN MARKETS AFTER WITNESSING A HIGHLY VOLATILE SESSION & ALSO MARKET ENDED POSITIVE WITH MORE THEN 260+ POINTS & CLOSED @ 14250 LVLS & NIFTY CLOSED @ 4153 UP 78 POINTS ABV OUR RESISTANCE OF 4140. SO THE NEXT TG COULD BE POSSIBLY 4200.

OUR INTRA DAY CALLS, ALL TARGET ACHIEVED :-)

ORBIT HITS 426.6 WITH OUR 1ST TG OF 425

ZYLOG HITS 457.9 WITH OUR 1ST TG OF 455

GREMACH HITS 181.8 WITH OUR 1ST TG OF 181

TAKE OUR RELIANCE PACK :

SCRIP NAME : O H L C

HIGHLY VOLATILE STOCKS

RIL : 1747, 1791, 1717, 1768
REL CAP : 1004, 1039.9, 992, 1035
RCOM : 485, 498, 475.8, 495.4

LOW VOLATILE STOCKS

RPL : 109.5, 110, 106, 109.15
RNRL : 45, 45.6, 43.65, 44.7

ALSO ENGG STOCKS GAINED WITH 2 TO 3% INTRA DAY

WHT ELSE ONE WANT IN SHORT TERM

GOOD DAY AHEAD, HAPPY INVESTING, KEEP THINKING

Market View 21 August , 2007

MARKETS FIRM BUT NOT ABLE TO SUSTAIN

ON FRIDAY THE MARKETS OPENED FIRM & OPENED UP WITH MORE THEN 500 ODD POINTS UP BUT AT HIGHER LEVELS WE SAW SOME PROFIT BOOKING & ENDED UP WITH JUST 285 POINTS UP ON SENSEX.

FROM THIS ONE CAN MAKE OUT THAT MARKETS ARE WITNESSING SELLING PRESSURES AT HIGHER LEVELS.

NIFTY VIEW :
NIFTY CLOSE : 4209
SUPPORTS : 4180, 4140
RESISTANCES : 4225, 4240, 4300

FOR TODAY ONE CAN EXPECT RANGE BOUND MARKETS WITH +VE BIAS.

GOOD DAY , HAPPY INVESTING

POST CLOSING UPDATES :-)

TODAY MARKETS OPENED FIRM BY MORE 125 ODD POINTS UP & THEN SOME PROFIT BOOKING STARTED. MARKETS ENDED JUST 450 ODD POINTS DOWN ON SENSEX DUE TO HIGH UNCERTAIN POLITICAL PROBLEMS HAPPENING AT THE CENTRE ON ACCOUNT OF NUKE DEAL & FUTURE ELECTIONS COMING UP. ALL THESE ISSUES ARE TAKEN VERY SERIOUSLY BY MARKETS & THE PROFIT BOOKING & SHORT SELLING HAPPENING ALL ROUND.

TRADERS NEED TO TAKE MUCH MORE CARE WHILE TRADING SHORT TERM , LONG TERM PLAYERS NEVER BOTHER WHOSE VISION IS OF 5 YEARS & MORE.

NOT UPDATING CALLS AS THIS POINT OF TIME AS MARKETS HIGHLY VOLATILE & ITS TOO TOUGH TO TRADE UNDER SUCH SITUATIONS. FOR LONG TERM THIS IS TOO EARLY TIME TO BUY.

GOOD DAY AHEAD, HAPPY INVESTING

Warren Buffet :-) Investment Wisdom

Warren Buffett, Chairman of Berkshire Hathaway, is arguably the world's greatest investor and the third richest man with a net worth exceeding $52 billion. He is also a great philanthropist: last year he declared plans to give away over $37 billion in charity, to the Bill & Melinda Gates Foundation.But he is not just a man with a large heart and a matching wallet.

Also known as The Sage of Omaha, he is also full of wisdom and wit.Here are some of his gems of advice for investors who look at the stock market to make a fortune, culled from various publications, his speeches and writings:

• 'Never invest in a business you cannot understand.

'• 'Always invest for the long term.

'• 'Remember that the stock market is manic-depressive.

'• 'Buy a business, don't rent stocks.

'• 'Price is what you pay. Value is what you get.

'• 'Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.

'• 'I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

'• 'Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.

'• 'Buy companies with strong histories of profitability and with a dominant business franchise.

'• 'It is optimism that is the enemy of the rational buyer.

'• 'As far as you are concerned, the stock market does not exist. Ignore it.

'• 'The ability to say 'no' is a tremendous advantage for an investor.

'• 'If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money.

'• 'My idea of a group decision is to look in the mirror.

'• 'Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

'• 'The smarter the journalists are, the better off society is.

'• 'Success in investing doesn't correlate with IQ once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

'• 'Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

'• 'You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.

'• 'There seems to be some perverse human characteristic that likes to make easy things difficult.

'• 'In the short run, the market is a voting machine but in the long run it is a weighing machine.

'• 'It's only when the tide goes out that you learn who's been swimming naked.

'• 'Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you. You think about it; it's true. If you hire somebody without the first, you really want them to be dumb and lazy.

'• 'There are three kinds of people in the world: those who can count, and those who can't.

'• 'It takes 20 years to build a reputation and five minutes to lose it.

'• 'The first rule is not to lose. The second rule is not to forget the first rule.

'• 'Wide diversification is only required when investors do not understand what they are doing.

'• 'Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

'• 'We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

'• 'Our favourite holding period is forever.

'• 'If past history was all there was to the game, the richest people would be librarians.

'• 'Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful.'

'• 'Your premium brand had better be delivering something special, or it's not going to get the business.

'• 'You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.

'• 'We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.

'• 'Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.

'• 'Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.

'• 'The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.

'• 'Risk can be greatly reduced by concentrating on only a few holdings.

'• 'Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

'• 'Lethargy, bordering on sloth should remain the cornerstone of an investment style.

'• 'An investor should act as though he had a lifetime decision card with just twenty punches on it.

'• 'An investor needs to do very few things right as long as he or she avoids big mistakes.

'• 'Turnarounds' seldom turn.

'• 'The advice 'you never go broke taking a profit' is foolish.

'• 'It is more important to say 'no' to an opportunity, than to say 'yes.

'• 'It is not necessary to do extraordinary things to get extraordinary results.

'• 'An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

'• 'It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

'• 'In the business world, the rearview mirror is always clearer than the windshield.

'• 'A public-opinion poll is no substitute for thought.

'• 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

'• 'The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

• 'Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

'• 'The investor of today does not profit from yesterday's growth.

'• 'Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

'• 'I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

'• 'I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

'• 'I always knew I was going to be rich. I don't think I ever doubted it for a minute.

'• 'We enjoy the process far more than the proceeds.

'• 'You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

'• 'I buy expensive suits. They just look cheap on me.

'• 'Let blockheads read what blockheads wrote.

'• 'I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.

'• 'My grandfather would sell me Wrigley's chewing gum and I would go door to door around my neighbourhood selling it. He also sold me a Coca-Cola for a quarter and I would sell it for a nickel each in the neighbourhood, so I made a small profit. I was always trying to do something like this.

'• 'A public-opinion poll is no substitute for thought.'

Market View 20 August, 2007

MARKETS BOUNCES BUT WILL THIS SUSTAIN

THE MARKETS AROUND THE WORLD HAVE BOUNCED FROM THE LOWER LEVELS. TALKING ABOUT INDIAN MARKETS THE MARKETS ALMOST FELL BY 2000 ODD POINTS FROM THE RECENT PEAK OF 15800 ON SENSEX.

THE MARKETS ON FRIDAY 17 AUGUST, 2007 MADE A LOW BELOW 13800 LVLS FOR SENSEX & BOUNCED SHARPLY BY MORE THEN 400 POINTS RECOVERY ON THE BROUSES MANAGING TO CLOSE ABOVE 14100 LVLS & FOR NIFTY CLOSE ABV 4100 LVLS.

YESTERDAY IN OUR CALLS WE HAD CLEARLY MENTIONED THAT THERE ARE 101% CHANCES ABOUT MARKETS TO BOUNCE FROM LOWER LEVELS. AND ALMOST THE SAME HAPPENED. THIS IS ALSO SUPPORTED BY THE WORLD MARKETS AS YESTERDAY THE FED HAD DISCOUNTED THE INTEREST RATES TO 5.75% , A DISCOUNT OF 50 BPS. THE FED HAD TO TAKE THIS ACTION ON ACCOUNT OF THE SUBPRIME EFFECT THE COUNTRY IS FACING.

SO ON MONDAY WE EXPECT THAT THE INDIAN MARKETS SHOULD ALSO BOUNCE FROM THE LOWER LEVELS BY MORE THEN 300 POINTS GAP UP OPENING ON SENSEX.

YESTERDAY WE ADVISED TO BUY THE FOLLOWING THINGS TO BUY :

RELIANCE PACK
ENGG STOCKS : LNT, ABB ETC.....
BANKING STOCKS : SBI, ICICI ETC.....
IT STOCKS : INFOSYS, TCS, TECH MAHINDRA ETC.....

ONE CAN SEE THT HOW ALL THESE STOCKS BOUNCED FROM THE BOTTOM ALONG WITH THE MARKETS BUT HERE PEOPLE ASK ME THT WE CANT BUY AT THE BOTTOM & CANT SELL AT THE BOTTOM. WE WOULD LIKE TO TELL THEM THT THIS IS THE FACT THT WE CAN BUY & SELL AT BOTTOMS & TOPS RESPECTIVELY. BUT IF ONE WHO FOLLOWS OUR RECOMENDATIONS & WHO ARE OUR CLIENTS MANAGED TO BUY CLOSE TO THE BOTTOM & YESTERDAY AFTER BUYING CLIENTS HAVE MANAGED TO MAKE AROUND 2% PROFITS YESTERDAY ITSELF IN LARGE CAP STOCKS.

NOW IN THIS KIND OF MARKETS THERE IS ALWAYS A KIND OF CONCERN NOW WILL MARKETS TEST 15000 & THEN NEW HIGHS AGAIN, BUT ACCORDING TO US THIS IS A VERY TOUGH QUESTION TO ANSWER AS THE US ECOMONY HAVE MANY PROBS INTERNALLY WHICH WE WILL COME TO KNOW A VERY LATER STAGE SO WE WOULD NOT TO BUY ANYTHING NOW FOR LONGTERM AS TRADING WOULD BE BETTER IN THESE KIND OF VOLATILE MARKETS.

USE RALLIES TO BOOK PROFITS & PUT UP IN LIQUID FUNDS.

IF ANY ONE OF U OR UR FRIENDS HAVE ANY QUERY OR IF ANYONE IS STUCK IN ANY STOCK / STOCKS & NEEDS OUR HELP THEN FEEL FREE TO CALL US / SEND SMS OR SEND EMAILS AS WE WOULD LIKE TO HELP PEOPLE TO COME OUT OF THIS KIND OF TRAP.

GOOD TIME AHEAD, MANY GOD BLESS ALL.

Market View 17 August, 2007

THE SUB PRIME EFFECT ALL ROUND THE WORLD.

THE MARKETS ARE ALL ROUND THE WORLD ARE FACING THE SELL OFF / PROFIT BOOKING CRUNCH. BUT THERE ARE VERY FEW PEOPLE WHO KNOWS WHAT IS THE SUB PRIME EFFECT. WE WILL UPDATE AN ARTICLE ON THIS LATER ON.

THE MARKETS HAVE GOOD SUPPORT @ 4100 LVLS FOR NIFTY & 14100 FOR SENSEX. FROM THESE ONE CAN BUY FUNDAMENTALY SOUND STOCKS FOR EXTREME SHORT TERM FOR TRADING.

THE STOCKS CAN BE WATCH OUT ARE :

RELIANCE PACK
ENGG STOCKS : LNT, ABB ETC.....
BANKING STOCKS : SBI, ICICI ETC.....
IT STOCKS : INFOSYS, TCS, TECH MAHINDRA ETC.....

WE EXPECT THE MARKETS TO BOUNCE FROM LOWER LVLS.

GOOD DAY , HAPPY INVESTING.

HAPPY INDEPENDENCE DAY

WISHING A VERY HAPPY INDEPENDENCE DAY TO ALL VIEWERS / READERS / FOLLOWERS OF THIS BLOG.

CELEBRATING 60 YEARS OF INDEPENDENCE.

SARE JAHAN SE ACCHA
HINDUSITAAN HAMARA,
HUM BUL BULE HAI ISKE,
YE GULSITAN HAMARA......

Market View 14 August , 2007

HAPPY INDEPENDENCE DAY TO OUR NEIGHBOURS

WE WOULD LIKE TO WISH THEM THE INDEPENDENCE DAY.

MARKETS LOOK LIKE A TIRED MAN AS SEEN YESTERDAY. MARKETS OPENS UP WITH A GAP OF 125 ODD POINTS & WHOLE DAY SUSTAINS THERE WITH VERY RANGE BOUND MOVEMENTS. IN SUCH TIME ALWAYS A PREMATURED CALL MATTERS.

ON SATUREDAY WE HAD POSTED OUR VIEWS REG MARKETS & FEW STOCK & SECTOR VIEWS WERE ALSO GIVEN. CLICK HERE FOR DETAILS : http://alliesfin.blogspot.com/2007/08/market-view-13-august-2007.html

AUTO STOCKS YESTERDAY WE SAW SOME VALUE BUYING.
PROPERTY STOCKS WERE RANGE BOUND BUT BOTH SECTOR CAN BE ACCUMULATED FOR SHORT TERM GAINS.

NIFTY VIEW :
NIFTY CLOSE : 4374
SUPPORTS : 4365 , 4335, 4300
RESISTANCES : 4390, 4405, 4425

WE EXPECT A RANGE BOUND MARKETS TODAY & WE CAN ALSO SEE SOME PROFIT BOOKING.

TOMMOROW IS OUR INDEPENDENCE DAY, AS WE WOULD LIKE TO WISH ALL OUR READERS A VERY HAPPY INDEPENDENCE DAY.

GOOD DAY , HAPPY INVESTING.

POST CLOSING UPDATES :

MARKETS ENDED FLAT WITH JUST 16 POINTS -VE FOR SENSEX AFTER A BORING SESSION TODAY. BUT ONE THING TO BE NOTICED THT VALUE BUYING WAS SEEN IN MANY STOCKS AT BOTTOM WHICH WE COULD TELL A BOTTOM FISHING WAS DONE. THE STOCKS WHICH WE HAD MENTIONED ON SATURDAY GAVE A MIND BLOWING RETURNS IN JUST TWO DAYS ONLY. PLS REFER THE FOLLOWING LINK TO FIND OUT ALL THOSE STOCKS :-) http://alliesfin.blogspot.com/2007/08/market-view-13-august-2007.html

JM CONTRA FUND FORM LINK :-) http://alliesfin.blogspot.com/2007/08/jm-contra-fund-form.html

Market View 13 August , 2007

VALUE BUYS AT DIPSSSSSSSSSS

ALTHOUGH MARKETS CLOSED -VE ON FRIDAY BUT WE SAW A LOTS OF VALUE BUYING HAPPENED AT LOWER PRICES. THERE IS ENOUGH LIQUIDITY IN THE MARKETS & ALSO FRESH BUYING HAPPENING ALL ROUND.

WELL NIFTY CLOSED ABV 4300 WHICH ARE GOOD SIGNS AS PER TECHNICALS.

SUPPORTS FOR NIFTY : 4300 , 4240
REISITANCES : 4365 , 4390 , 4405

WE EXPECT THE MARKETS AGAIN NEEDS TO BE CONSOLIDATED FOR ANY FRESH UP MOVES. THIS WOULD BE BETTER B4 THE MARKETS STARTS ANY FRESH BULL RUN.

WE WOULD LIKE TO CONCENTRATE ON RELIANCE PACK, ENGG STOCKS , AUTO STOCKS AT DIPS.

TAKE CARE OF PENNY STOCKS WHICH ARE MOVING UP & HITTING CIRCUIT SINCE LAST MANY DAYS. MAKE SURE THT U DONT HAVE ANY SUCH STOCKS ELSE IF U HAV THEN THERE IS SURE SOME TRAP.

OTHER STOCKS WHICH ARE PERFORMING ARE :-)

EDUCOMP
WHIRLPOOL
DEEP INDS
SHRE PRECOATED STEEL
CELEBRITY FASHIONS
CRISIL
ICRA
IDFC
IDBI
IFCI
IDEA
BHARTI AIRTEL
TITAN
SBI
ICICI BANK
EVERON & MANY MORE...........

CONTRA CALL ON AUTO STOCKS & PROPERTY STOCKS.

GOOD DAY, HAPPY INVESTING.

SOME MARKET QUOTES :-)

In light of the recent market action, this collection of market quotes is quite apropos:

"Markets can remain irrational longer than you can remain solvent."-- John Maynard Keynes

"The only thing that can console one for being poor is extravagance."-- Oscar Wilde

"It is pretty hard to tell what does bring happiness; poverty and wealth have both failed."-- Kin Hubbard

"The key to making money in stocks is not to get scared out of them."-- Peter Lynch

"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem."-- JP Getty

"You try to be greedy when others are fearful, and fearful when others are greedy."-- Warren Buffett

"A cynic is a man who knows the price of everything, and the value of nothing."-- Oscar Wilde

"Do you know the only thing that gives me pleasure? It is to see my dividends coming in."-- John D. Rockefeller

"A gold miner is a liar standing beside a hole in the ground."-- Mark Twain

Calls :-) 10 August 2007

TODAY UNABLE TO UPDATE IN THE MORNING AS SOME TECHNICAL PROBS WITH INTERNET.

POST CLOSING UPDATES :-)

MARKETS OPENED DOWN WITH A GAP DOWN OF MORE THAN 400 POINTS -VE ON ACCOUNT OF GLOBAL CUES. SENSEX MADE A LOW OF 14579 & FOR NIFTY 4239.
BUT AT DIPS WE SAW A GOOD AMOUNT OF VALUE BUYING WAS SEEN ACROSS THE BOARD & FROM 400 POINTS -VE SENSEX JUST RECOVED BY 200 POINTS & CLOSED @ 14868 & NIFTY CLOSED @ 4333.

AGAIN NIFTY HAD NOT GIVEN CLOSE BELOW 4300. B4 THIS ALSO NIFTY MADE A LOW BELOW 4300 BUT CLOSED ABV 4300 & RAN UPTO 4525 LVLS.

CALLS SENT TO PCG IN THE LAST TWO DAYS WERE :

ALLIES FINANCIAL SERVICES (8/6/2007 10:08:38 AM): http://alliesfin.blogspot.com/ updated yesterday with todays blockbuster monster

ALLIES FINANCIAL SERVICES (8/7/2007 10:08:40 AM): to buy yesterday as value buying happening & mkt reversal

ALLIES FINANCIAL SERVICES (8/7/2007 10:13:56 AM): blog http://alliesfin.blogspot.com updated

ALLIES FINANCIAL SERVICES (8/8/2007 9:54:44 AM): IT STOCKS LOOKS GOOD TCS , INFOSYS, SATYAM ETC , MKTS POSITIVE + 150 PTS UP

ALLIES FINANCIAL SERVICES (8/8/2007 9:57:36 AM): RELIANCE PACK IS BETTER , CHK OUT WHIRLPOOL , AMAR REM, IDBI , IDFC,

ALLIES FINANCIAL SERVICES (8/8/2007 10:07:02 AM): Intra-day trader Buy RCOM Fut 542 SL 536 TGT 555

ALLIES FINANCIAL SERVICES (8/9/2007 9:55:31 AM): icici bank ongc reliance pack , it stocks

ALLIES FINANCIAL SERVICES (8/9/2007 9:58:55 AM): INTRA-DAY CALL: BUY IDFC 131. SL 128 TGT 137

ALLIES FINANCIAL SERVICES (8/9/2007 10:01:25 AM): Intra-day trader Buy Tata Steel Fut 656 SL 648 TGT 672

ALLIES FINANCIAL SERVICES (8/9/2007 11:00:46 AM): book profits in markets at higher lvls . contra call accumulate auto stocks mnm, maruti, top pics

ALLIES FINANCIAL SERVICES (8/9/2007 11:01:51 AM): website updated : http://alliesfin.blogspot.com/

ALLIES FINANCIAL SERVICES (8/9/2007 11:04:30 AM): NIFTY SPOT HAS GOT STRONG RESISTANCE AT 4525-4535 ; KEEP AN EYE http://alliesfin.blogspot.com

ALLIES FINANCIAL SERVICES (8/9/2007 11:59:17 AM): hope u minted too much in reliance pack calls as we got at the bottom prices. reliance energy is not in our pack

ALLIES FINANCIAL SERVICES (8/9/2007 1:15:37 PM): hope u exited markets as timely exit given when markets were 200 pts up nw just 50 point up for sensex

ALLIES FINANCIAL SERVICES (8/9/2007 2:34:27 PM): TIMELY EXIT HELPED US OR NOT ? FEEL FEEL TO REPLY

ALLIES FINANCIAL SERVICES (8/9/2007 2:35:54 PM): NIFTY SUPPORT @ 4425 & 4410

ALLIES FINANCIAL SERVICES (8/9/2007 2:51:02 PM): HOPE WE WERE THE 1ST TO BOOK PROFITS IN MARKETS WHEN MARKETS WERE JUST 200 POINTS UP & NOW JUST 200 POINTS DOWN , BUY NOW IN SMALL QTY N CASH ONLY

ALLIES FINANCIAL SERVICES (8/9/2007 2:55:49 PM): PLS READ THE ARTICLE POSTED ON http://alliesfin.blogspot.com WHERE IT WAS CLEARLY MENTIONED TO BOOK PROFITS IN THESE RALIES , IF U FIND GOOD THEN PASS ON TO OTHERS TOO

ALLIES FINANCIAL SERVICES (8/9/2007 2:59:45 PM): educomp strong in dull markets

ALLIES FINANCIAL SERVICES (8/9/2007 3:16:14 PM): asked to do value buyin in dips do tht , reliance pack, banking stocks, engg stocks,

ALLIES FINANCIAL SERVICES (8/9/2007 3:25:04 PM): hope timely entry & exit in markets make us & our clients happy, if they wil do then only http://alliesfin.blogspot.com

ALLIES FINANCIAL SERVICES (8/10/2007 2:21:01 PM): WE ARE BACK WITH MONEY , HUGE BUYING ON CARDS ALWAYS LOVE UR INDIA

ALLIES FINANCIAL SERVICES (8/10/2007 2:22:16 PM): HOPE U GOT MY SMS FOR TIMELY ENTRY TODAY & CHK OUT ALL OUR STOCKS NOW ALL 3 TO 4 % GAIN IN INTRA DAY ONLY ,

ALLIES FINANCIAL SERVICES (8/10/2007 2:29:53 PM): AM REPEATING THE SMS TO U AGAIN " IN PANIC BUY STOCKS LIKE RELIANCE PACK, IFCI, IDFC, ENGG STOCKS, EDUCOMP , WHIRLPOOL, AUTO STOCKS. YESTERDAY WE SOLD AT TOP & WE WIL BUY @ BOTTOM TODAY. AXIT " TIME : 10.45 AM

ALLIES FINANCIAL SERVICES (8/10/2007 2:34:54 PM): CHK OUT EDUCOMP FROM 2400 TO 2625

GOOD DAY, HAPPY INVESTING

Calls :-) 9 August 2007

VALUE IN INDIAN STOCK MARKETS

A LOTS OF VALUE BUYING HAPPENING IN INDIAN STOCK MARKETS AS WE ARE SEEING THE SAME FROM THE PRICES THEY ARE MOVING UP.

PLEASE READ OUR THIS ARTICLE REGARDING " IS THE CORRECTION OVER ? " CLICK ON THIS LINK TO READ MORE http://alliesfin.blogspot.com/2007/08/calls-7-august-2007.html. IN THIS ITS CLEARLY WRITTEN THT THE CORRECTION IS OVER & VALUE BUYIN HAPPENING.

NIFTY VIEW :

NIFTY CLOSE : 4462
SUPPORTS : 4440 , 4405 , 4390
RESISTANCES : 4490 , 4525

MARKETS TO OPEN FIRM WITH MIN 150+ POINTS ON SENSEX.

STOCKS WHICH LOOK GOOD AT CURRENT MARKET LEVELS ARE :-)

ICICI BANK
SBI
ONGC
RELIANCE PACK
IT STOCKS
TITAN
ENGG STOCKS
INFRA STOCKS

THERE ARE MANY SMALL & MID CAPS PENNY STOCKS MOVING UP TAKE CARE OF ALL THT STOCKS THT U NVR ERODE UR CAPITAL IN THT.

THERE IS GAP AT HIGHER END OF SENSEX AROUND 15650 LVLS WHICH IS TOUCH TO BE FILLED. IF IN CASE MKTS CROSSES 15650 LVLS THEN U CAN NEW HIGH IN THIS MONTH ONLY.

BE VERY STOCK SPECIFIC.

WE WOULD LIKE TO UPDATE ON OUR RELIANCE PACK CALL AS WE ADVISED OUR CLIENTS TO BUY THESE STOCKS

RIL @ 1760 CMP 1900
REL CAP @ 1125 CMP 1180
RCOM @ 531 CMP 552
RNRL @ 41 CMP 47
RPL @ 110 CMP 116

THIS IS OUR RELIANCE PACK WHICH WE HAD ASKED TO BUY ON 6TH AUGUST , 2007. PLS CHK OUT PREVIOUS POST TO GET MORE.

CONTRA CALL : BUY AUTO STOCKS.

GOOD DAY , HAPPY INVESTING

MARKET COMMENTRY : ( UPDATED IN LIVE MARKETS ) :-)

BOOK PROFITS AT HIGHER LVLS IN NIFTY AROUND 4525 LVLS AS VERY STRONG RESISTANCE THERE. SENSEX HAS RALLIED FROM 14700 TO 15550 AN 800 POINTS UP. SO LOGICALLY THERE WIL BE SOME PROFIT BOOKING WIL BE THERE & ALSO THE GAP THEORY WHICH IS EXPLAINED ABV.

BUT REMEMBER ONE THING THESE IS THE TIME TO BUY @ DIPS & SELL @ HIGHER LVLS. STOCK SPECIFIC LOOKS GOOD, BETTER, BEST.

SECTOR TO BE CATCHED LOWER ARE :

AUTO
ENGGINEERING
RELIANCE PACK
BANKING

IN PANIC NIFTY HAVE SUPPORTS @ 4425 , 4410 LVLS. IN PANIC BUY AROUND THESE LVLS. FOLLOW OUR STOCK SPECIFIC APPROACH

Calls :-) 8 August 2007

CONSOLIDATION WIL BE BETTER !!!!!!!!!

MARKETS LOOKING BETTER UNTIL IT 4300........HOLDSSSSSSSS THIS IS THE STATEMENTS WE ARE MAKING SINCE LAST MANY DAYS. THE MARKETS NEEDS TO GET CONSOLIDATED AROUND 15000 LVLS & FOR NIFTY 4350 FOR FURTHER UP MOVES & MAKING NEW HIGHS IS ALSO POSSIBLE.

TAKING CUES FROM THE GLOBAL MARKETS , MARKETS NEEDS TO OPEN UP BY MIN 150+ POINTS UP.

NIFTY VIEW :

NIFTY CLOSE : 4356
SUPPORTS : 4335 , 4300
REISITANCES : 4395 , 4405 , 4425 , 4440

RELIANCE PACK LOOKS BETTER AS WE ARE RECOMENDING FROM THE LAST MANY DAYS. PEOPLE ARE ASKING US Y R U REPEATING AGAIN & AGAIN THE SAME PACK ??????? WE WOULD LIKE TO TEL THEM THT THE PACK IS PERFORMING THTS Y WE ARE RECO IT. IF THE PRICES WONT HAVE MOVED UP THEN WE MIGHT HAVE STOPPED THT.

MARKETS NEEDS TO OPEN FIRM AS CRUDE FROM 78 TO 72, DOLLAR STRENGTHING AGAINST RUPEE & YEN WHICH ARE ALL BULLISH SIGNS.

IT STOCKS, RELIANCE PACK , BANKING STOCKS, ENGG STOCKS LOOKS POSITIVE FOR SHORT TERM.

MARKETS NEWS :

The Government has announced fresh restrictions on External Commercial Borrowing (ECB). As per new norms, companies will now be able to raise only upto $20ml abroad for rupee expenditure and only with prior RBI approval for end use. All ECB above $20ml will have to parked overseas for use as only for foreign currency expenditure.

US Fed policy committee held interest rates unchanged at 5.25% for the ninth straight time.

FIIs can not buy Sical Logistics as their holding have gone below of 24% at their paid up capital and IFCI as their holding reached the trigger limit of 22% without RBI approval

EX DIVIDEND TODAY :

Aban Offshore (Rs 3), Borosil Glass (Rs 3), Cipla (Rs 2), Container Corporation (Rs 11), DCM Shriram Consolidated (Rs 0.4), EMCO (Rs 5), Gokaldas Exports (Rs 2), Jolly Board (Rs 5), Kabra Extrusion (Rs 4.5), Muthoot Capital (Rs 1.2), NGL Fine Chem (Rs 0.5), Plastiblends India (Rs 6.5), Stanrose Mafatlal (Rs 3), Steel Authority Of India (Rs 1.5), Super Spinning (Rs 5), Surana Corporation (Rs 1), VBC Ferro Alloys (Rs 2) and Zee Entertainment (Rs 1.5)

GOOD DAY , HAPPY INVESTING.

Calls :-) 7 August , 2007

IS THE CORRECTION OVER ???????????????????

YES IF U FOLLOW CHARTS THEN U CAN TEL THT. ALSO THE WORLD MARKETS ARE SUPPORTING. THE MARKETS BOUNCED FROM OUR SUPPORTS ABV 14650 & BOUNCED FROM 14700 LVLS. AS MENTIONED FOR NIFTY 4300 IS VERY GOOD SUPPORT & YES IT MANAGED TO CLOSE ABV 4300 LVLS & CLOSED AT 4340 LVLS.

THIS IS A GOOD SIGN FOR MARKETS & UNTILL NIFTY MANAGES TO CLOSE ABV 4300 THE MARKETS SHOULD CONSOLIDATE AT THESE LVLS FOR ANY STRONG MOVE UPSIDE.

NIFTY CLOSE : 4340
SUPPORTS : 4300
REISITANCES : 4365 , 4390 , 4405 , 4425 , 4440

BET ON RELIANCE PACK. ENGG STOCKS.

GOOD DAY, HAPPY INVESTING

MARKET COMMENTRY ( UPDATED IN LIVE MARKETS ):-)

TAKING CUES FROM THE GLOBAL MARKETS THE MARKETS OPENED FIRM & OPENED UP AROUND 150 POINTS +. RELIANCE PACK SHOWED STRENGTH YESTERDAY.
TODAY BANKING STOCKS SHOWING STRENGTH & ITS TO BE BELIEVED THT SBI TO COME AROUND 2500 BY YEARS TIME & DEMERGER STORY TOO.

IFCI ONE OF THE GR8 GAINERS HAS ROSE FROM RS 50 TO RS 67 TODAY & STIL MORE TO COME.

OUR POSITIONAL CALLS DOING WELL & IN SHORT TERM WE BELIEVE THT MARKETS SHOULD CONSOLIDATE AT THESE LVLS FOR ANY STRONG MOVE UPSIDE.

STOCK SPECIFIC ACTIVITY LOOKS BETTER.

MAJOR NEWS -

Wipro has signed a agreement to acquire Nasdaq listed Infocrossing IT infrastructure management services firm at $600ml. -

Bharti Enterprise and Wal Mart signed agreement to set up 50:50 joint venture cash and carry business. -

Punj Lloyd has secured a Rs. 5.90bn contract from Bharat Oman Refineries. -

The Madras High Court dismissed Novartis's application on Glivec, a cancer drug, challenging the constitutional validity of section 3(d) in the Indian Patents Act, which prevents patenting of minor modifications to products and processes.

Tata Consultancy Services has stated that over 100-150 deals are expected to be in the offing in the financial services space over the next 12 months ranging from $5ml to $200ml. -

Tata Steel has raised $725ml thru the issue of foreign currency convertible alternative reference securities. The convsersion price is Rs. 876.6225 per share, which is higher by 35% from current level.

Today US Fed policy committee to meet to decide on interest rate. Investors widely expect the Fed to hold pat for the ninth consecutive meeting.

EX-DIVIDEND TODAY : Borax Morarji (Rs 2.2), Castrol India (Rs 4.5), Ferro Alloys (Rs 0.15), Godrej Consumer Products (Rs 0.75) and Hindustan Unilever (Rs 3).

Calls :-) 6 August , 2007

A BLOCKBUSTER MONSTER AGAIN TO STRIKE MARKETS

MARKETS TO WITNESS A SETOFF AGAIN BUT SOME PROFIT BOOKING & SOME SHORTS BUILDING UP AGAIN IN MARKETS. ON FRIDAY WE WERE VERY CAUTIOUS & WE ADVISED NOT TO TAKE ANY OVERNIGHT BUY POSITIONS.

TAKING CUES FROM THE GLOBAL MARKETS DOW JONES DOWN BY MORE THEN 280 POINTS OR SO & ALSO WE CAN SEE THE AMERICAN ECONOMY GOING INTO RECESSION. IF THIS HAPPENS THEN THE ENITRE WORLD MARKETS WILL SOME PROFIT BOOKING & SHORTS HAPENING TOO.

NIFTY HAS VERY GOOD SUPPORT AROUND 4300 LVLS. IF THIS IS BREACHED THE NEXT IMMEDIATE SUPPORT WIL BE AT 4100 LVLS & FOR SENSEX @ 14000 LVLS.

IF THIS HAPPENS TO BE TRUE THEN THE MARKETS WIL BE AT THE FAIR VALUE & ONE CAN TAKE A STOCK SPECIFIC APPROACH FOR SHORT TERM BUYS.

STOCK SPECIFIC VIEWS FOR PCG ( PRIVATE CLIENT GROUP )

GOOD DAY , HAPPY INVESTING

SUBSCRIBE TO JMCONTRA FUND.

FOR NFO FORMS CLICK HERE : http://alliesfin.blogspot.com/2007/08/jm-contra-fund-form.html

ANY QUERIES THEN PUT IT ON THE CHAT BOX PROVIDED ON THIS BLOG.

JM CONTRA FUND FORM

FORMS JM CONTRA FUND NFO

HW TO FILL UP THIS FORM

CLICK
SAVE
PRINT
FILL
SUBMIT TO NEARBY COLLECTION CENTRE OR SEND US THE FORM.
CAN BE FILLED UP BY ANY ONE IN INDIA JUST NEED A PAN CARD & BANK ACCOUNT.

Calls :-) 3 August , 2007

AGAIN A BOUNCE EXPECTED BUT SUSTAINING WIL BE PROBSSSSSSSS

MARKETS ARE EXPECTED TO BOUNCE FROM CURRENT LEVELS. BUT THERE IS A PROBLEM OF SUSTAINING THERE. THE MARKETS WIL BE +VE ON ACCOUN OF GLOBAL QUES ONLY. OVERNIGHT POSITIONS TO BE SEEN QUITE RISKY.

NIFTY VIEW :
NIFTY CLOSE : 4356
SUPPORTS : 4335 , 4300
RESISTANCES : 4365 , 4390 , 4425 , 4440

TAKE VERY STOCK SPECIFIC APPROACH & IF U HAVE BUYING POSITION THE KEEP TRAILING STOP LOSSES.

TAKE CARE IN OVERNIGHT POSITIONS

GOOD DAY, HAPPY INVESTING


POST CLOSING UPDATES :

MARKETS CLOSE TO OUR RESISTANCE FOR NIFTY 4400 , MARKETS WERE UNABLE TO SUSTAIN AT HIGHER LEVELS AS WE SAW SOME SELLING PRESSURE. THE TOP GAINERS WERE IFCI FROM RS 50 TO RS 61 JUST IN 5 OR MORE TRADING SESSIONS. IFCI HAS MEETING TOMM REG STAKE SALE @ 85 TO BARCLAYS BANK. THE COMPANY IS DENYING THE NEWS BUT ITS CONFIRMED INTERNALLY.

NO OVERNIGHT POSITIONS AS CAUTIOUS OUTLOOK.

LETS HAVE PHOTO SESSIONS OF MARKETS ( SENSEX PHOTO )

Calls :-) 2 August , 2007

A SHARP DECLINE NEEDS A GREAT HEART TO SWALLOW

A BLOCKBUSTER HITS MARKETS IN THE FORM OF A SELL OFF & PANIC SELLING ALL ROUND. SENSEX WAS JUST DOWN BY 600 ODD MORE POINTS. ONE OF THE LARGEST IN MARKETS HISTORY. GLOBAL FACTORS TEMPERING THE MOMEMTUM FOR MORE DETAILS READ HERE http://alliesfin.blogspot.com/2007/08/calls-1st-august-2007_1038.html.

ALSO F & O POSITIONS TOO HIGH WHICH IN ONE OF THE REASON FOR THE SELL OFF, I WOULD LIKE TO ADVISE THE READERS THT IF U KNOW WHT DERIVATIVES IS THEN ONLY PLAY IN THT ELSE U NEED TO HAVE A BIG LION HEART & BIG POCKECTS TO RESIST THT.

ANYWAYS LETS TALK ABOUT WHT TO HAPPEN TODAY :

MARKETS ARE LIKELY TO BOUNCE FROM 4300 NIFTY & 14800 FOR SENSEX , ALSO THE GLOBAL MARKETS WERE STABLE & WE HAD MENTIONED THIS YESTERDAY THT MARKETS TO BOUNCE FROM HERE.

NIFTY CLOSED @ 4345
SUPPORTS : 4335 & 4300
RESISTANCES 4365 , 4400 & 4440.

WE EXPECT THE MARKETS TO BOUNCE FROM THESE LEVELS & VALUE BUYING CAN BE DONE FOR IMMEDIATE SHORT TERM FOR QUICK GAINS.

WE WOULD LIKE TO REPEAT TO BET ON RELIANCE PACK & ENGINEERING STOCKS.

MORE STOCK SPECIFIC VIEWS FOR OUR PCG ( PRIVATE CLIENT GROUP )

GOOD DAY , HAPPY INVESTING

Calls :-) 1st August , 2007

GLOBAL FACTORS TEMPERING THE MOMEMTUM

THE GLOBAL MARKETS ACROSS THE WORLD ARE SEEING SOME SELLING PRESSURES & US ECONOMY SHOWING SOME -VE SIGNS ON ACCOUNT OF WEAK ECONOMIC FACTORS. FOLLOWING THE WORLD MARKETS INDIAN INDICES TOO WILL OPEN UP -VE WITH MORE THEN -300 POINTS DOWN OPENING FOR SENSEX.

SO WHERE ARE THE SUPPORTS NOW, THE SUPPORTS WIL BE AT 4365 & 4335 & 4300 FOR NIFTY & FOR SENSEX AROUND 14950 - 15000, 14800 , 14650 LVLS.

SO WHT SHOULD BE DONE NOW , AS YESTERDAY WE HAD NOT DONE ANY AGGRESSIVE BUYING IN THE MARKETS & ASKED TO BUY STOCKS WITH GOOD FUNDAMENTALS & HOLD FOR SHORT TERM WITH MINIMUM 3 TO 6 MONTHS VIEW. AS TOLD WE WILL BE HAVING AN BOTTOM OUT APPROACH.

BET ON RELIANCE PACK & ENGG STOCKS ON DIPS.

MARKET COMMENTRY : ( UPDATED IN LIVE MARKETS )

Our markets have opened with a downward gap due to weak global cues. There was a two day bounce back which ended yesterday and this was confirmed by a fall in open interest which indicated that it was short covering by bears. In the process, our markets made a second lower top (i.e. 4647,4634 and 4532) thereby confirming the short term downward trend. If the current fall is a short term one, then 4350 level on closing and 4300 level on intra day should not be broken.

WORLD NEWS :

Bear Stearns said they wouldn't redeem any more ! Can you beleive it? When someone as old and as large as Bear Strearns say they won't redeem any more, what do you think smaller Funds will soon say about their internal health?..Macquarie Bank of Australia said their investors could lose upto 25% or US$250 million in one of their Hedge fund that's seeing a run. This one looks and smells a lot like what's going to soon happen across Wall Street in the near future....American Home Mortgage Investment Corp said they've been cut off from credit don't have money to repay $300 million which they had already commited to redeem...You want more names? Absolute Capital Group Ltd. and Basis Capital Fund Management Ltd.

MARKETS VERY GOOD SUPPORTS @ 14800 & NIFTY 4300 CHK OUT & FROM THERE FRESH BUYING WIL BE FOLLOW IN SMAL QUANTITIES.

ALL STOCKS FOR PRIVATE CLIENT GROUP ONLY.

POST CLOSING UPDATES :

NIFTY CLOSE TO OUR SUPPORTS OF 4335 & MADE A LOW OF 4339. AS WE EXPECT THE MARKETS TO BOUNCE TOMORROW AROUND 4300 NIFTY & 14800 SENSEX LVLS.

GOOD DAY AHEAD, HAPPY INVESTING

TODAYS SENSEX PICTORIAL VIEW AFTER MARKETS CLOSED :-)