The Hindu Business Line : It looks like that the worst is over

Khan rummaged his shelf for Drucker's classics to read once again. Jogin charted the movement of gold prices. Sridevi made a list of business acquisitions during 2005. And Dakshinamoorthy pushed aside a comics book to remind the rest of the chat-gang about the weekly market gappa.

There goes the gong!

Dax: Hi, all! Market mood has improved. :-)

Kay: After a gap, I'd say. A surprising rise in the stock prices!

Sri : As most of the market players would affirm.

Jog: Since the Sensex has closed above 8250, there is no tension…

Kay: To build position in the short term, you mean?

Dax: But if it falls below this level, than one should start selling.

Sri : It looks like that the worst is over. I'm no optimist, though.

Dax: "They know what beauty is, see where it lies, yet what the best is take the worst to be," as a sonnet of the Bard suggests.

Kay: "O heavy ignorance! Thou praisest the worst best," in Othello.

Jog: Should one increase exposure in the market in small doses?

Sri : Look at companies that saw sharp fall in the last 4-6 weeks.

Dax: But they should have sound business!

Kay: Chart patterns suggest that the markets have started...

Dax: A fresh leg of an upward trend? "Whereto the climber-upward turns his face," as Brutus says in Julius Caesar!

Jog: This may be interspersed by a correction in the short term.

Sri : Nifty and Sensex may continue their upward journey.

Jog: For Nifty, the next point of resistance is 2583.

Dax: They say the FIIs have come back!

Kay: With crude prices easing, market may show further strength.

Sri : Stocks of refining companies may retain momentum!

Jog: That means BPCL and HPCL.

Dax: Manufacturing sector growth data is boosting the sentiment.

Sri : Investors can now start counting cash, as equities move up.

Dax: "Thus far our fortune keeps an upward course, and we are graced with wreaths of victory," as in King Henry VI.

Kay: Some more gains and profits should be looked for still, I believe.

Dax: What about last week? Anybody has the numbers?

Sri : Surana Tele & Kaveri Tele gained almost 10 per cent on Nov 7.

Jog: Avantel Soft and Kalyani made about 7 per cent. A.K.Capital gained 5.7 last Monday.

Kay: Crisil, Bharti Tele & MRPL were in the 2 per cent plus range…

Sri : ONGC, Britannia, Satyam & Tata Tele earned about a per cent.

Jog: Bajaj Auto and HDFC stayed positive last week.

Kay: BoB moved up from Rs 220 levels to Rs 233, approx 6 per cent!

Dax: Thinking of taking delivery of Federal Bank in cash segment…

Sri : May fetch some profits. Friday's close Rs 174.15 on NSE.

Kay: Look at Empee Sugar, Crest Animation and Spanco Tele.

Jog: Pharma stocks look good. Nicolas Piramal, any vichaar?

Dax: Some acquisition news is expected soon. Aurobindo Phama…

Sri : Showing some strong movements on the charts. Good pick.

Jog: Hindalco may be in the limelight! Reason: its rights offer pricing.

Kay: Stocks from the logistics space have caught market fancy.

Dax: Watch out for Gateway Distriparks, Aegis Logistics…

Jog: And Transport Corporation and SICAL too.

Sri : Bharti Tele may rule firm due to impressive customer addition.

Kay: In the automobile sector Bajaj Auto appears to be on a roll.

Dax: Lot of IPOs are in the offing. Worried about cash!

Jog: True, some liquidity might be sucked out of the market.

Kay: That may spoil the market mood. But if you are patient…

Sri : Expect new high for Sensex and Nifty before 2006 Budget!

Dax: "So high a hope that even ambition cannot pierce a wink beyond," as in The Tempest.

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

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

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