The Hindu Business Line : Real estate ads can be works of prose artists

Sridevi stopped playing `Inky Pinky Ponky' on what the Budget may have today, and Khan switched off the poll talk analysing election results, even as Jogin stirred up from bed, and Dakshinamoorthy jumped down from his exerciser bike. All for their weekly market chat. Be aware!

Kay: Keep awake for the Budget! Listen before

committing fresh funds!

Jog: Chart patterns suggest weakness. Budget may spoil

all technicals. :-(

Sri: Overall mood in the market is still optimistic. Un

likely to fall after Budget.

Dax: Because most big players al

ready sold 50 per cent of position

last week.

Jog: Ditto in derivatives market.

Existing positions are of FIIs well

hedged.

Sri: President's address to

Parliament suggests positive for

textiles.

Kay: Also micro irrigation and

infrastructure. If the market falls

after Budget, one should

buy. JMO

Dax: If you want to take risk before the speech is over,

buy Jain Irrigation. Kirloskar Bros may benefit if sops

come through. Textiles may open firm. I see duty

rationalisation on manmade fibres.

Jog: Indo Rama Synthetics can benefit then. :-) Nifty

seems to get strong support at 2050 level.

Sri: Now everyone is betting on textiles, engineering and

realty sectors. Right! Wish I had land...

Kay: Ah, you're dreaming again! The most maverick of

all jute barons is seriously ill, you know?

Dax: Jute market can be in a tizzy if something

happened! I heard that many prominent tea brokers in

Siliguri were caught unawares by the sales tax swoop

soon after Economic Survey was tabled.

Jog: It seems some of the affected had shown interest in

acquiring tea estates, abandoned by owners!

Sri: Quiet, all of you! After Rail Budget doubled tariff for

iron ore meant for export market, I see weakness in Sesa

Goa. Container Corp can rule weak because the business

is now open!

Kay: Cement and steel companies are a saved lot as Lalu

has left the freight rates untouched.

Dax: A few other stocks to watch are IFCI, DS Kulkarni

and Gujarat Heavy Chemicals.

Jog: Analysts say Nifty Futures may be bought only with

strict stop loss sell at 2049...

Kay: Index topper Infosys looks stronger for short term.

SBI has some more steam left. :-)

Sri: Gujarat NRE coke is a good buy at these levels. The

stock closed at Rs 139 on Friday.

Jog: Volumes have been on the increase. Got adjusted to

bonus issue and touched to a low of 128.

Dax: They say, "The poor man's budget is full of

schemes." Is there a scheme to get rich quick?

Kay: As Horace said, "Labour diligently to increase your

property." That's the shortcut to wealth!

Sri: Now that real estate is in news, let me alert you on a

quote of Donal Henahan: "Next to the writer of real

estate advertisements, the autobiographer is the most

suspect of prose artists." Bye!

* * * * *

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

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