The Hindu Business Line : Let a thousand flowers bloom but...

Action to watch is in the markets, now that Parliament is adjourned. And Khan, Jogin, Sridevi and Dakshinamoorthy ping-pong the cyberspace with their thoughts. See if you can eavesdrop.

Kay: Hi, is everybody happy after the FM's

announcement?

Jog: Friday close shows the mood to be bullish. Market

should open firm.

Dax: Next level to watch is 5150 for Sensex. After that,

think of further rise. Doubt if this would happen this

week.

Sri: Mid and small caps are moving. Z category stocks are

no exception. Let thousand flowers bloom. But chase

honey with discretion. :-)

Dax: Operators are pushing up stocks such as HFCL,

or Uttam Steel.

Jog: I'm watching Essar Steel, Kirloskar Ferrous, Sintex

Industries, SAIL, IDBI, Bajaji Telefilms.

Kay: K for Kojam Fininvest. Worth looking at! A newly

listed Nicholas Piramal group outfit, which holds

55 per cent stake in

fundamentally shining

Gujarat Glass.

Sri: Worried about GTB

moratorium impact on other

private banks. Pop has a big

deposit there. :-(

Jog: Pity you didn't warn him

earlier. Too bad, Sri!

Kay: Don't scold her, Jog. See

textiles and auto related stocks.

They appear attractive.

Dax: Atul Ltd is on a

restructuring mode. Decent textiles chemistry.

Sri: Phoenix Lamp is setting up a new plant in Uttaranchal

with 10-year tax holiday.

Jog: Any action in Jharkhand?

Sri: Stop joking! Power Trading Corporation and Colgate-

Palmolive are special plays.

Kay: Next week SAIL is expected to come out with strong

financial results similar to Tata Steel. Expectations are

Rs 1,800 crore. There should be interim dividend, I guess.

Jog: Technology stocks might see some weakness ahead

of TCS IPO. The view is the issue is expected to get good

response from the market.

Dax: Technical patterns suggest that there could be a

bout of near-term bearishness. Similar signals emanating

from the F&O segment as well.

Sri: Clutch of results coming out! Numbers to watch out

for would be Raymond, Tata Motors.

Kay: If Arvind Mills' numbers are an indication,

Raymond could put out less than spectacular numbers.

Expect strength in Tata Motors and Maruti. Dr. Reddy's

could have a quarter that is not too exciting.

Some value-based buying could step into Bharti after its

crash on Friday.

Dax: Even small cap stocks are attracting interest, but too

risky to enter them. Exit with 25 per cent returns. Also be

ready for loss in these stocks. Take lots of care!

* * * * *

Lee, with inputs from Vir, Jay and Nat.

Send in your views to: Chat@TheHindu.co.in.