Market View 23 January 2008

Value buying the Themeeeeeee

As expected the markets opened lower circuit & recovered from days low after hitting low of 15332 & managed to close above 16500 levels. This is very +ve sign for markets. Now we should stable above 16500 levels & gather more momemtum before fresh run up.

If 16500 if getting stable to minimum 2 to 3 trading then we can see again 18500 - 19000 levels.

As written yesterday we are 100% sure tht once market once starts trading below 16500 levels value buying will emerge & the same happened today. It crashed to 15333 levels & halted for an hour & then value buying emerged.

Regarding the halt in the markets we had alerted clients in our early morning sms sent to them. one can check on this website where our sms updates are available : Sms Service : http://www.smsgupshup.com/groups/AlliesFin

Selective buying was done in few large cap stocks like :

Reliance pack : Ril, Rpl, Rel Capital, Rcom, Rnrl

Enigneering stocks : Lnt, Abb, Siemens, Punj Llyod etc

Banking Stocks : Sbi, Icici bank, Kotak Bank etc

And many more mid cap stocks from other sectors too

Please remember all things u buy think to keep them for minimum of 3 to 6 months view.

Technical stock :

Gtl Ltd ( 500160 ) : this stock we had recomended on last friday @ 260 levels. At tht time market was 19800 levels. Today markets are around 16500 points down by around 2300 points from 19800 levels but this stock is down by Rs 10 only as the close is 250. Our tg for this stock is Rs 300 in short term.

We dont believe in giving too many calls as We believe in " Quality of calls rather then Quantity of calls "

We like bottom up approach in markets & like to trade in cash markets only rather in F & O & in margin funding. We would advise to trade less in intra day too. This are some of our fundas where we feel are safe & can mint / hold in any market situations.

We have been advising since last many days " INVESTORS PLS DONT PANIC AS NOTHING WRONG WITH OUR FUNDAMENTALS AS ITS JUST SHORT TERM LIQUIDITY CRUNCH, US SUBPRIME EFFECT & YEN CARRY TRADES "

Today a gr8 news came like Breaking news : Fed cuts interest & discount rates by 75 Bps & nw @ 3.50% in an emergency meeting.

This is highly +ve for Indian markets & other global markets too.

We do manage Private client groups ( PCG ) & give premium calls to them by sms. For more details of our services click here http://alliesfin.blogspot.com/2007/05/payment-details.html

If u need any advise or suggestions then feel free to call on our contact nos.

We offer free sms services to people in India on their mobile. If u r interested in joining our free sms services then send this sms from ur mobile to 567673434 , Join AlliesFin ( use the same text as shown here )

Good Day

Happy Investing

Regards,

Axit Shah
Equity Advisory Desk ~ Allies Financial Services
Mobile Gsm : ( 0091 ) 9820191219
Yahoo ID : alliesfin9

Website : http://alliesfin.blogspot.com
Group : http://groups.google.com/group/alliesfin
Sms Service : http://www.smsgupshup.com/groups/AlliesFin