The Hindu Business Line : Moving into uncharted area from here on

Still recovering from the dizzying heights that indices moved to, Sridevi manages to log on to chat about the bourses with Khan, Jogin and Dakshinamoorthy. Jump in; more the merrier!

Sri: Hi, there! Where's Bull temple roller-coaster?

Kay: I know your mood. Going by charts, not much head

room on the top!

Jog: With indices at record high levels, it looks dangerous

for investment.

Dax: Brokers' view is that further upside is possible

this month.

Sri: True, FII flows are buoyant, giving impetus for

sustained rally. :-)

Jog: Reliance group to trade narrow, as the dishoom is

not over!

Kay: Reliance Industries may

look contrary to the

current scenario. But there is

possibility of upside.

Sri: ONGC too, I think. It may bid

for Russian oil company Yukos.

Put it as Putin effect!

Jog: Bharti Tele may take a

breather after a rather hectic

run over the past week. RBI has

put a cap.

Dax: I see momentum in

Pantaloon. They may scale up

expansion programme.

Kay: Sweet news if policy is favourable for sugar stocks -

to hold their gains!

Jog: KEC Intl can see action. Reason: Accretion to its

order book.

Dax: Big-ticket expansion plan can lead to bullish

undertone on Asahi India stock. JMO.

Sri: Where is the rupee? Anybody?

Jog: Just where you put it, Sri. Appreciating against

dollar. Means weakness in IT counters, samjhe?

Kay: Big US current account deficit makes dollar weak. If

they devalue it, our reserves ka kya hoga?

Dax: That's Reddy's worry. As for me, action is in large

caps. Little bit in mid-cap, too.

Jog: Watch Cipla and Ranbaxy. Huge positions built up

last week.

Kay: Lupin Lab also on accumulation mode. Players close

to management are buying up. Shh...

Sri: In small cap, Bata is worth looking at; positive

announcement likely. Placement talks?

Jog: My Kolkata auntie says WBSEB switched off power

to them and gave it to other states.

Kay: Ah, rates are high during peak hours! Does that

explain WBSEB's Rs 38 crore profit?

Dax: BHEL looks good. Great contracts. At Rs 642. May

see Rs 700 levels shortly. Get boiler!

Sri: Why are the Ambanis not investing abroad in a major

way? Waiting for netas abroad?

Dax: Bapuji says, "Don't talk politics!" Many stocks

trading near their year thighs...

Jog: Year's highs, you nut! It is becoming difficult to get

information for any value buy.

Kay: Take care, everybody. Markets are moving into an

uncharted area from here on.

Sri: FIIs and mutual funds will dictate the future trend.

Jog: That means the markets will display huge volatility.

Dax: Voila! What a nice thought if it doesn't hurt!

* * * * *

Lee, with inputs from Vir, Nat, Ray, Mad and Sve

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

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