Market View for 31 December 2008

Hello Readers / Visitors,

As told yesterday markets are likely to move up & the same happened today. After a gap up opening we saw some profit booking but in later half the same turned out to be value buying for the day & we saw a sharp upmove once Nifty crossed 2920 with Volumes.

Also we have written that if Nifty crosses 2950 then it will move into congestion levels of 2950-2990 with high volatility. Day traders who track markets would have seen that once Nifty crossed 2950 it went directly to test resistance level of 2990 & again saw huge profit booking from there & the steep fall was mainly due to large profit booking in Reliance industries as this stock too test upper resistance of 1275 & fell sharply upto support levels of 1225 & managed to closed around 1250 levels.

For Tomorrow Nifty Close : 2979.50
Supports : 2950-2920-2880
Resistances : 2990-3030-3080

Tomorrow if Nifty crosses 2990with volumes then it will test upper resistances as mentioned above & chances are bright that it will test higher levels. Yesterday we Disclosed that Our PREMIUM CLIENTS hold Nifty with trailing stop loss some profits were booked today. The whole day Nifty traded in band of 2880- 2990 a move in 110 points.

RELIANCE INDUSTRIES UPDATE :

Ril today tested imp support of 1225 & bounced back to 1275 levels. So for tommorrow if RIL crosses 1275 with volumes then it may test 1290-1310 levels on higher side.

RIL Close : 1250
Supports : 1225-1210-1190
Resistances : 1275-1290-1310

PROVISIONAL FIGURES FOR 30 DECEMEBER 2008 IN RUPEES CRORES :

Cash Segment:

Fii +215
Inst +376

Derivatives Segment :

Fii +644
Idx Fut +328
Idx opt +226
Stk Fut +37
Stk opt +54

ALSO THERE ARE MANY POSITIVE RUMORS GOING ON MARKETS SINCE LAST MANY DAYS LIKE STIMULAS PACKAGE, RATE CUTS : CRR, SLR , FUEL PRICE CUT, YEAR END NAV BUYING etc etccccc BUT THE SAME IS NOT HAPPENING AS GOVT IS NOT BOUND TO GIVE WHEN PEOPLE EXPECT BUT MAY DELIVER WHEN PEOPLE WILL BE TIRED EXPECTING.

Tommorrow there will be last trading day for CALENDER YEAR 2008, May be this day be profitable for all of you.

GOOD DAY , HAPPY TRADING

Regards,

Allies Financial Services

Website : http://alliesfin.blogspot.com/

Newsletters : http://groups.google.com/group/alliesfin

Hello Readers / Visitors,

Today markets bounces from weekly trendline supports & also tested lifeline / trendline which we have mentioned earlier in our previous posts. Sensex weekly support 9100-9150 & Nifty 2800. Also today morning we have updated the same to our sms members that markets are likely to bounce from weekly supports & fortunately the same happened.

Nifty intra day Calls given to clients : buy at 2840 with sl 2800 & target 2920 & 2990, part profits were booked on 2920 & balance with trail stop loss. Markets are purely trading in a channel range & buying seen at channel supports & selling at resistances, good for day & short term traders with positional calls like our PREMIUM CLIENTS are doing.....

For tommorrow Nifty close 2922
Supports 2880-2850-2800
Resistance 2950-2965-2990-3030

If tommorrow if markets move up, it will move then will go into congestion levels of 2950-2990 where it may give volatile moves as we have seen today in range 2820-2850 where 4 some day traders stop loss may be hit & later on targets will be achieved too & vice versa.

RELIANCE INDUSTRIES UPDATE:

Ril today have tested lower supports levels of congestion of 1150-1180, this levels are strong supports for the stock, until the stock sustains these levels on closing basis we can may see the stock bouncing from these levels. But if we close these levels with volumes then it may even test previous lows of last month.

Reliance industries close : 1246
Supports : 1225-1205-1190
Resistances : 1265 - 1285 - 1310

PROVISIONAL FIGURES FOR 29 DECEMBER 2008 IN RUPEES CRORES :

Cash Segment :

Fii +4
Inst +243

Fii(deri)
Idx fut +23
Idx opt +157
Stk fut -63
Stk opt +76
Net +193

Regards,

Allies Financial Services

Website : http://alliesfin.blogspot.com/

Email Group : http://groups.google.com/group/alliesfin

Sample of Sms Services for Indian Mobile nos :

Financial Market Alerts & other info : http://www.smsgupshup.com/groups/ALLIESFIN

Economy News & other info : http://www.smsgupshup.com/groups/ALLIESFIN9

** Foregin Nationals can check out this links for regular updates **

TV aur Hamara Bachpan

Hello Readers / Visitors,

A very good article, chk out this link

http://groups.google.com/group/alliesfin/browse_thread/thread/b78f4edcf8b440b5


Regards,

Allies Financial Services

Website : http://alliesfin.blogspot.com/

Email Group : http://groups.google.com/group/alliesfin

ADVANCE TAX NOS

Hello,

Check out this link 4 Tax nos :
http://groups.google.com/group/alliesfin/browse_thread/thread/24cbf87e12eb8e2a

Regards,

Allies Financial Services

Website : http://alliesfin.blogspot.com/

Email Group : http://groups.google.com/group/alliesfin

MARKET REPORTS END OF DAY

Dear Readers / Visitors,

Markets these days are trading in very narrow range after opening gap up or gap down ( due to global cues ). The real moves in markets are seen in the later half of trading session & the move is being very wild in either side.

Today selling pressure was seen in ADAG group stocks in early morning trades & in later half they were hammered in range of 5 to 15 % down. Also hammering was seen in stocks who have been rallying for no reasons like Suzlon, Dlf, Acc & many other small & mid cap stocks. We have sent alerts yesterday by sms to our GROUP members to stay away from such small false rally. Hope you all have benefitted due to such alerts well in advance.

Today a very dirty game has been played with Investors money in stock like Satyam Computers Ltd on news of stake buy in Maytas Infra Ltd & later on denying the news. The stock was down only 30% based on such rubbish move from the management. The final looser is the long term investor & short term trader with long positions. Such over night move can really help investors to loose hard earned money. But KUCH BHI NAHI HO SAKTA HAI IN INDIA.

Yesterday we have updated charts of RELIANCE INDUSTRIES indicating profit booking range from Rs 1350-1400. But please remember we have not asked to go short in that stock.

2DAYS WRAP UP IN BRIEF :

Sell-off in metal, telecom, power, capital goods stocks as well as in Reliance Industries and sharp cut in Satyam Computer has pushed the benchmark indices sharply lower. Downtrend in European markets and US futures also added some fuel in part to negative sentiment.
The markets had started the day with gap up but immediately indices turned extermely volatile. In the second half of session, finally both benchmark indices slipped into red following weak European markets and US futures. The Nifty went below 2950 as well in late trade.

The Sensex has touched an intraday low of 9,682.91, before closing the day at 9,715.29, down 261.69 points or 2.62% from previous close. In the beginning, it tested 10,000 mark.
The 50-share Nifty slipped 2.87% or 87.40 points, to settle at 2954.35, after touching an intraday low of 2943.50. It was hovering around 3000 mark for major part of the day, but profit booking pushed below the same level.

Draggers in today's trade were Reliance Industries, Bharti Airtel, Reliance Communication, Satyam, BHEL, SBI, L&T and Reliance Infrastructure. However, ICICI Bank, Infosys, ONGC, HUL, HDFC Bank, Grasim and Wipro were on buyers' radar throughout the session.

We have updated charts of Sensex EOD basis, which gives us hints that markets were very close to Resistance or Profit booking zone. The two key technicals where profit booking was hinted as trendline or channel resistance & another 61.8% fibo retracement levels.

Any close above the trendline resistance can help markets to move even higher else profit booking would remain the key in next few trading sessions.

MARKETS UP OR DOWN : A SMILE ON CLIENTS FACE THROUGH OUR PREMIUM CALLS. We do give Premium Trading Calls to our Paid members, for more details on this contact personally & get subscription details on this web.

Good day , Happy Trading

Regards,

Allies Financial Services

Website : http://alliesfin.blogspot.com/

Email Group : http://groups.google.com/group/alliesfin

RELIANCE INDUSTRIES UPDATE

Dear Readers / Visitors / Reliance fans,

In our last update about Reliance industries on 4 December 2008, we have asked to enter the stock once it closes above 1145 lvls. Last week it has managed to close above 1145 & non stop rally was seen upto 1300 - 1325 lvls.

Today also it has crossed levels of 1350 & heading towards congestion levels of 1350 - 1400. This is the area where profit booking can come.

Source : CNBC TV 18: Also today Adavce tax nos were out & Reliance industries has given advance tax numbers at Rs 440 crore versus Rs 1045 crore (YoY). Now these two numbers are not comparable primarily because the Rs 1045 crore last year in Q3 included Rs 499 crore of tax given as Minimum Alternate Tax (MAT) paid on their RPL stake sale last year. RIL had paid Rs 536 crore in MAT for RPL stake sale last year. It also included Rs 200 crore as tax deducted at source on behalf of the suppliers.

Taking all this into account, RIL has paid almost the same advance tax as last year. CNBC-TV18 sources have given this clarification; the fact that there is no sharp decline in numbers.

Other Tax nos :

The State Bank of India’s Q3 advance tax stands at Rs 1,700 crore versus Rs 1,088 crore (YoY), reports CNBC-TV18, quoting sources. HDFC’s advance tax is at Rs 279 crore versus Rs 215 crore (YoY). ICICI Bank’s Q3 advance tax is at Rs 470 crore versus Rs 500 crore (YoY).

CNBC-TV18 Disclaimer:

This information has not been provided to the stock exchanges, and is source-based.




Regards,

Allies Financial Services

Website : http://alliesfin.blogspot.com/

Email Group : http://groups.google.com/group/alliesfin

Sms Services for Indian Mobile nos :

Financial Market Alerts & other info : http://www.smsgupshup.com/groups/ALLIESFIN

Economy News & other info : http://www.smsgupshup.com/groups/ALLIESFIN9

** Foregin Nationals can check out this links for regular updates **

Wo dekho ek Chartered Accountant ja raha hai....Poem

A beautiful poem written by a CA ……

Apni Profile ke bojh tale daba jaa raha hai,
Wo dekho ek Chartered Accountant ja raha hai,

Zindagi se hara hua hai,
Par " Balance sheet Tally " karne se haar nahi manata,
Apne excel sheet ki ek ek line ise rati hui hai,
Par aaj kaun se rang ke moje pehne hain,
ye nahi janata,
Din par din ek excel file banata ja raha hai,
Wo dekho ek Chartered Accountant ja raha hai,

Das hazaar line ki file main error dhoond lete hain lekin,
Majboor dost ki ankhon ki nami dikhayi nahi deti,
PC pe hazaar windows khuli hain,
Par dil ki khidki pe koi dastak sunayi nahi deti,
Satuday-sunday nahata nahi,
week days ko naha raha hai,
Wo dekho ek Chartered Accountant ja raha hai,

Linking karte karte pata hi nahi chala,
"Excel" ki priority kab maa-baap se high ho gayi,
Kitabon main gulab rakhne wala ,
cigerette ke dhuyen main kho gaya,
Dil ki zameen se armaanon ki vidayi ho gayi,
Weekends pe daroo peke jo jashna mana raha hai,
Wo dekho ek Chartered Accountant ja raha hai,

Maze lena ho iske to pooch lo,
"Salary Increment" ki party kab dila rahe ho,
Hansi udana ho to pooch lo,
"Leave" pe kab ja rahe ho?
Wo dekho Leave se laute team-mate ki chocolates kha raha hai,
Wo dekho ek Chartered Accountant ja raha hai,

Kharche badh rahe hain,
Baal kam ho rahe hain,
Income Tax ke sitam ho rahe hain,
Lo phir se bus choot gayi,
Auto se aa raha hai,
Wo dekho ek Chartered Accountant ja raha hai,

Pizza gale se nahi utarta,
To "Coke" ke sahare nigal liya jata hai,
Office ki "Thali" dekh munh hai bigadta,
Maa ke hath ka wo khana baar roz yaad ata hai,
"Sprout bhel" bani hai phir bhi,
free "Evening Snacks" kha raha hai,
Wo dekho ek Chartered Accountant ja raha hai,

Aapne ab tak li hongi bahut si chutikiya,
Chartered Accountant ke jivan ka sach batati ye akhri kuch panktiyan,

"Hazaron ki tankhwah wala,
company ki karodon ki jeb bharta hai,
Chartered Accountant wahi ban sakta hai,
jo lohe ka jigar rakhta hai,
Hum log jee jee ke marte hain ,
zindagi hai kuch aisi,
Ek fauj ki naukri,
doosri Chartered Accountant ki ,
dono ek jaisi "

Is kavita ka har shabd mere dil ki gehrayi se aa raha hai,
Wo dekho ek Chartered Accountant ja raha hai .........

Regards,

Allies Financial Services

Website : http://alliesfin.blogspot.com/

Email Group : http://groups.google.com/group/alliesfin

Sms Alerts for Indian Mobile nos :

Financial Market Alerts & other info : http://www.smsgupshup.com/groups/ALLIESFIN

Economy News,Alerts & other info : http://www.smsgupshup.com/groups/ALLIESFIN9

** Foregin Nationals can check out this links for regular updates **

LETTER TO INDIAN PRIME MINISTER ( Times of India, Mumbai )

Dear Mr. Prime minister

I am a typical mouse from Mumbai. In the local train compartment which has capacity of 100 persons, I travel with 500 more mouse. Mouse at least squeak but we don't even do that.

Today I heard your speech. In which you said 'NO BODY WOULD BE SPARED'. I would like to remind you that fourteen years has passed since serial bomb blast in Mumbai took place. Dawood was the main conspirator. Till today he is not caught. All our bolywood actors, our builders, our Gutka king meets him but your Government can not catch him. Reason is simple; all your ministers are hand in glove with him. If any attempt is made to catch him everybody will be exposed. Your statement 'NOBODY WOULD BE SPARED' is nothing but a cruel joke on this unfortunate people of India.

Enough is enough. As such after seeing terrorist attack carried out by about a dozen young boys I realize that if same thing continues days are not away when terrorist will attack by air, destroy our nuclear reactor and there will be one more Hiroshima.

We the people are left with only one mantra. Womb to Bomb to Tomb. You promised Mumbaikar Shanghai what you have given us is Jalianwala Baug.

Today only your home minister resigned. What took you so long to kick out this joker? Only reason was that he was loyal to Gandhi family. Loyalty to Gandhi family is more important than blood of innocent people, isn't it?

I am born and bought up in Mumbai for last fifty eight years. Believe me corruption in Maharashtra is worse than that in Bihar. Look at all the politician, Sharad Pawar, Chagan Bhujbal, Narayan Rane, Bal Thackray , Gopinath Munde, Raj Thackray, Vilasrao Deshmukh all are rolling in money. Vilasrao Deshmukh is one of the worst Chief minister I have seen. His only business is to increase the FSI every other day, make money and send it to Delhi so Congress can fight next election. Now the clown has found new way and will increase FSI for fisherman so they can build concrete house right on sea shore. Next time terrorist can comfortably live in those house , enjoy the beauty of sea and then attack the Mumbai at their will.

Recently I had to purchase house in Mumbai. I met about two dozen builders. Everybody wanted about 30% in black. A common person like me knows this and with all your intelligent agency & CBI you and your finance minister are not aware of it. Where all the black money goes? To the underworld isn't it? Our politicians take help of these goondas to vacate people by force. I myself was victim of it. If you have time please come to me, I will tell you everything.

If this has been land of fools, idiots then I would not have ever cared to write you this letter. Just see the tragedy, on one side we are reaching moon, people are so intelligent and on other side you politician has converted nectar into deadly poison. I am everything Hindu, Muslim, Christian, Schedule caste, OBC, Muslim OBC, Christian Schedule caste, Creamy Schedule caste only what I am not is INDIAN. You politician have raped every part of mother India by your policy of divide and rule.

Take example of former president Abdul Kalam. Such a intelligent person, such a fine human being. You politician didn't even spare him. Your party along with opposition joined the hands, because politician feels they are supreme and there is no place for good person.

Dear Mr Prime minister you are one of the most intelligent person, most learned person. Just wake up, be a real SARDAR. First and foremost expose all selfish politician. Ask Swiss bank to give name of all Indian account holder. Give reins of CBI to independent agency. Let them find wolf among us. There will be political upheaval but that will better than dance of death which we are witnessing every day. Just give us ambient where we can work honestly and without fear. Let there be rule of law. Everything else will be taken care of.

Choice is yours Mr. Prime Minister. Do you want to be lead by one person or you want to lead the nation of 100 Crore people?

PLEASE READ N PASS ON THIS LINK TO MAX. PEOPLE IN YOUR CONTACT LIST

Regards,

Allies Financial Services

Website : http://alliesfin.blogspot.com/

Email Group : http://groups.google.com/group/alliesfin

Sms Services for Indian Mobile nos :

Stock Market Alerts & other info : http://www.smsgupshup.com/groups/ALLIESFIN

Stcok Market News & other info : http://www.smsgupshup.com/groups/ALLIESFIN9

** Foregin Nationals can check out this links for regular updates **

TRENDLINE OR LIFELINE ? Reliance inds & Nifty

Hello Readers / Visitors,

Updating here charts of Reliance industries ( King of the Ring ) & Nifty EOD ( End of day ) 4th December,2008.

Both charts have similar patterns,Trendline support acted as life line in the short run & bounced back sharply from that levels. As updated in Previous posts on this web it was clearly written that if Reliance inds manages to close above 1145 lvls then we can short term break out in the stock.

RIL abv 1145 can test 1165, 1185, 1210 levels & close abv 1210 can take stock to 1300+ levels, supports are at 1125, 1095, 1050, 1025.

Nifty too managed to sustain above 2650 & infact managed to close above that which gave some +ve signals in short term & also the same trendline support pushed the Nifty up & crosses resistance levels of 2730 & 2790. Next immediate resistance is 2850 & any close above this can give good directional moves.

Today market opened on flat note but slowly it has started gathering mometum in early hours of trade,markets are expecting positive news from RBI like rate cuts & some stimulas package from Government, in this anticipation huge short covering was seen in stocks like Reality, Auto, Metals, Capital goods, Banking & over all market breath was positive.


Today trading call was given to our group members by sms, check the same in this link

http://www.smsgupshup.com/groups/ALLIESFIN


Not much time to update as leaving for some work out of Bombay.


Good day

Happy Trading & Investing



Regards,

Allies Financial Services


Website : http://alliesfin.blogspot.com/

Email Group : http://groups.google.com/group/alliesfin

** Foregin Nationals can check out this links for regular updates **

REVISION IN LOT SIZE

Hello Readers / Visitors,


There has been revision in lot size in Derivatives segment, to get the list chk out this link :

http://groups.google.com/group/alliesfin/browse_thread/thread/87f264fe462cd366




Regards,

Allies Financial Services


Website : http://alliesfin.blogspot.com/

Email Group : http://groups.google.com/group/alliesfin