The Hindu Business Line : Those who know when they have enough are rich

On one side the FM is angry about poor corporate governance, while on the other the PM is asking everybody to emulate the Chinese model. Not knowing which way to go, Dakshinamoorthy landed up at the PC to chat about markets with Khan, Sridevi and Jogin. Catch up!

Dax: Hi everybody, Ni hao! That's Mandarin for hello.

Zao an. Good morning!

Sri: Q8! That's my SMS for `keep quiet', when

market mood is bearish.

Kay: Yet some buying in index counter was there on

Friday. Any wiki nes?

Jog: Yes, in chart patterns. I foresee a weak upward move

followed by a sharp correction. To be honest, there is no

bearish mood for long term. :-|

Sri: Heard that a leading big financial powerful house

from the North sold...

Kay: A reason, they say, for the

sharp fall, was the sale of Nifty

futures when the index was at

2100!

Dax: Currently Nifty is at 1925 and

they may turn buyer below 1900.

When Nifty crosses 1900...

Jog: My secret plan is to buy.

Parrotji says, "Watch on Thursday

when derivatives contracts

expire!"

Sri: I don't smoke but ITC stock

seems firm. GTC, VST and Godfrey too look strong.:-)

Dax: But ITC has the biggest upside. If SC's order is

retrospective, ITC can gain more. JMO

Kay: ACC stock fell after open offer announcement last

week. Looks good now because it's getting valuation of

MNC stock. Also, there is return of at least 10 per cent for

investors.

Jog: True, their stock can be purchased in the open offer

at Rs 370. It's a stock with minimum risk.

Sri: The Left agreeing to bank reform idea, and BHEL

stake sale - positive for primary market. Just before IPO,

BHEL may touch its year-high of Rs 799. Last week it was

at Rs 688. U dum gais!

Kay: Don't scold us! Steel stocks to shine, as better days

are ahead with possible tax holidays and easier ECB

norms for the industry. Follow up Tata Steel, SAIL, Jindal

Iron and Essar Gujarat.

Dax: Tata Steel plans to invest Rs 15,000 crore in Orissa.

But didn't they give up the Rs 20,000 crore Gopalpur

project? New project is still on the drawing board.

Tenacious like Robert Bruce?

Jog: Are the Goenkas looking for a buyer for CESC? REL

seems to out with bhai ladai still on.

Kay: Expect Reliance to rule strong on the back of

impressive Q3 numbers declared on Friday.

Sri: Seems that FIIs hiked their stakes last quarter in

Satyam, Infosys, TCS and HCL Tech. Any cue?

Dax: If you're holding mid- and small-cap stocks, better

hold on to them, like the big players.

Jog: Yeah, sharp fall unlikely. Q3 results of Chemplast

Sanmar and Uttam Galva Steel were good!

Sri: Tata Coffee and Godrej Consumer showed

impressive numbers in FMCG. Banks, anybody?

Dax: Mixed signals. BOI and Union Bank could slip, Corp

Bank looks firm. IDBI Bank up - IDBI down likely, to

align with swap ratio announced. Exploit the price

arbitrage opportunity. :-)

Kay: Raymond looks weak. So too Matrix Labs and

Nicholas Piramal. Sun Pharma seems strong.

Sri: Caution: Tread softly to go far. But if you believe in

your dreams you're spending life asleep!

Jog: I like this Chinese proverb: Patience is power; with

time and patience mulberry leaf becomes silk.

Kay: Let's say zai jian or goodbye with this: "Those who

know when they have enough are rich."

* * * * *

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

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

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Those who know when they have enough are rich