The Hindu Business Line : Careful hours with time’s deformed hand

Jogin kept dreaming of becoming a Pravasi Bharatiya, in view of the new concessions. Sridevi was reading up Pongal recipes, having bought an earthen pot. Dakshinamoorthy sat thinking of possible announcements that Google could make… But Khan pooled them all in for the weekly market chat saying, ‘Come fast!’

Kay: Chart patterns suggest that the upward trend may continue.

Jog: Overall mood in the market is still bullish.

Dax: “Writ in moods and frowns and wrinkles strange,” sings the Bard.

Sri : In a sonnet. But one has to be very stock selective.

Dax: Markets still in the positive territory. :-)

Kay: FII flows are crucial to push markets up from current trading range.

Sri : Heard that the market may stay volatile in the short term…

Jog: But long term is quite positive, right?

Dax: “As positive as the earth is firm,” as in Merry Wives of Windsor!

Kay: Reliance may continue to remain firm…

Dax: Ahead of the special trading session for demerger.

Sri : Among the index stocks, one can make Rs 30-40 in Reliance stocks.

Jog: Possible that the stock may touch Rs 950-70 before Jan 17.

Sri : Infosys and TCS may show upside, I guess.

Jog: ‘Cos earnings announcement is around the corner?

Kay: What about last Monday’s numbers? Koi, please!

Sri : On Jan 2, Goldmines went up by 20 per cent!

Jog: McLeod earned about half that much. Chemfab was up 6 per cent.

Dax: While Chemplast, ICSA, and Ind Foils were up about 5 per cent.

Jog: Piramyd and Nat Alum earned around 3 per cent, Hindalco made a gain of about 2 per cent, and Dabur was up 1 per cent last Monday.

Sri : Terasoft, Geomet, Titan Ind, and Vijaya Bank ended Jan 2 +vely!

Jog: This week? Any vichaar?

Kay: Watch out stocks such as RPG Life Sciences and…

Sri : Venus Remedies? Could end with gains.

Dax: “As yonder Venus in her glimmering sphere,” says Demetrius!

Jog: A Midsummer Night’s Dream! Gateway Distriparks in the limelight.

Dax: The new container rules can provide a growth opportunity.

Sri : Maruti disinvestment floor-price has been set at Rs 620.

Jog: Hmm…the stock is likely to rule steady in the near term.

Dax: But NLC and NMDC disinvestment has been put off.

Kay: Don’t expect much action in the counters.

Sri : NOCIL seems to be good at the current levels of Rs 31.

Jog: Scope for a rise exists. View the stock with investment perspective.

Dax: Banks have gone up too sharply. Specifically Andhra Bank.

Kay: Wait for some correction before entering the counter.

Jog: “Correction and instruction must both work...”

Kay: “...ere this rude beast will profit,” as in Measure For Measure!

Sri : Good potential for upside for banking stocks!

Jog: Better to go long on Nifty Bankex index.

Kay: Watch Indbank Merchant Services.

Dax: This stock is on the upper circuit for the last few trading sessions.

Sri : There is potential for the stock to rise further.

Jog: Because the company holds more than 5 lakh shares of Punj Lloyd.

Kay: Average cost of acquisition is around Rs 125 per share…

Dax: While the stock listed at Rs 1,000.

Jog: So, if Punj Lloyd rises, Indbank can also rise further.

Sri : Grab it for quick return.

Kay: Sanghi Industries stock has been recently re-listed.

Dax: Since then, it is on an upward move. On my buy list.

Jog: But it’s very difficult to get the stock. Tried my luck.

Dax: “You do their work, and they shall have good luck,” says the Fairy.

Sri : Those who had bought shares of Bhartiya International can sell!

Kay: It has risen sharply by more than 70 per cent in the last one month.

Dax: Intellvisions stock too has jumped sharply.

Kay: It is better to sell and re-enter at a lower level.

Sri : “Inquire carefully,” as the Bard writes in The Taming of the Shrew.

Dax: Reminds me of “careful hours with time’s deformed hand”!

Kay: The Comedy of Errors. “Shall profit thee and much enrich thy book.”

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

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