The Hindu Business Line : Chidambaram has the <I>rahasya </I>

There is a tax that hangs like the Damocles' sword even as Sridevi, Dakshinamoorthy, Khan and Jogin huddle before their PCs to exchange notes. Hang on their words.

Dax: Here is my positive forecast, that the FM will

let his mind be known on transaction tax today

in Parliament.

Kay: Let some definiteness return, one way or the other!

Sri: I'm betting on a tiered structure for the levy.

Sentiment will be positive and impart momentum to

the markets after PC tells us the rahasya.

Jog: That would also lend credence to the technical view

that near-term trend for indices is bullish. :-)

Kay: Mid-cap stocks have started moving up. This trend

will continue this week also. Please note.

Sri: Hello, ye men with muscles of iron, what's the news

about steel? Is Excise hitting

them?

Jog: Don't think that by

flattering us we'll get you

a platinum jewel. LOL

Kay: Hey, we can afford

that! Steel is moving up. Tata

Steel is to announce results

on July 22. Best way is to

take position on Monday and

exit before Thursday.

Dax: Good results are likely

from Jindal. Results due

next week. Before that stock can touch Rs 250.

Jog: Advisable to move out of Essar Steel because it has

already moved more that 60 per cent in last one week.

Pssst... A leading operator has entered the stock around

Rs 13 levels. And Sri, mine the benefits for steel stocks

because of DEPB benefit restoration. You may find a

jewel! "With peacock feathers light, you load the wain;

yet, heaped too high, the axle snaps in twain."

Sri: Nice Kural! Polyplex should move up, I think.

Reliance MF has bought the shares last week!

Dax: I heard a hush-hush that a prominent political star

is accumulating Jain Irrigation. Keep a close watch on

shareholding pattern and recent changes for clue. Also

`action' in Balaji Telefilms: 2.40 lakh shares in only 11

deals all at Rs 70 in Lyons Range!

Jog: Vimta Lab's going strong. Some operators expect a

big research contract may fall on its lap.

Sri: Shanthi Gears to rule firm; solid numbers. Exide is

otherwise recharged, but price of heavy metal is taming

it. I'm keeping a tab on LME lead prices before making

going on a long drive.

Kay: Won't you take me on the drive if I tell you that

Zensar Technologies can report good results?

Jog: Monsoon worry is making FMCG stocks rule weak.

Sheen's off good numbers.

Dax: Watch numbers from ABB, Bharti Televentures,

Marico, Arvind Mills and Satyam. Expect a strong set of

numbers from both Bharti and Satyam.on the small cap

front, expect.

Jog: One advice: Be cautious! Profit-taking is advisable

even on small profits. Tough to know when operators

will move out of mid-cap stocks. So, seat-belt sign is on!

* * * * *

Lee, with inputs from Vir, Jay, Bad and Nat

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