The Hindu Business Line : Fair persuasions mix’d with sugar’d words

Khan spent the weekend studying the latest high-profile demerger. Dakshinamoorthy kept playing a computer game that simulated takeover of airline companies. It was with trepidation that Jogin searched for whatever he wanted, after reading about Google’s tussle with the US law. And Sridevi reminded them all of the market-chat, messaging, ‘RSVP!’

Sri : Hi, all! Chart patterns suggest a bullish trend in the near term.

Kay: You’re right. 3,000 for the Nifty and 10,000 for the Sensex…

Dax: Appear plausible, don’t they?

Jog: Though a correction could set in subsequently!

Kay: Market seems to be in bull orbit. :-)

Sri : For confirmation, Nifty should stay clear 2,927.

Dax: In case of fall, the support existed for Nifty at 2,840, right?

Jog: CNX IT index didn’t move much last Friday, compared to other sectoral indices.

Sri : It was up by mere 0.09 per cent at 3,903.65.

Dax: But S&P CNX Nifty, Nifty Junior and CNX 100 made more than 1 per cent gain.

Kay: Therefore, better wait before picking IT counters at current levels.

Dax: “Good digestion wait on appetite, and health on both!” says Macbeth.

Sri : What about last week’s numbers?

Kay: “Of time, of numbers and due course of things,” as in King Henry V.

Jog: I have them, here. Bartronics earned a profit of about 18 per cent on January 16. Educomp Soln gained almost 8 per cent, and Simplex Cast was up 4 per cent last Monday. FCGL Indus, HDFC Bank, and ONGC Corpn made a profit of about 1 per cent. Eveready and Bharti Tele ended positive last Monday.

Kay: How are things this week?

Jog: “Argument for a week, laughter for a month... good jest for ever.”

Dax: As says the Bard in King Henry IV, part I.

Sri : Further upside likely in Siemens.

Dax: Because stock-split announcement is likely on Jan 27.

Jog: ABB stock may also follow suit, driven by similar expectations.

Kay: Watching the small-cap construction space…

Sri : “Under your hard construction must I sit,” asks Olivia!

Jog: In Twelfth Night, I guess.

Dax: PBA Infrastructure and Era Constn may continue the momentum.

Jog: Tata Power showing some recovery; can buy for the short term.

Kay: SBI may now turn the corner. Charts say so. Safe Buy India!

Sri : Kabra Extrusion and India Cements on the buy list. Try karoon?

Jog: The buzz around LML stock will continue…

Kay: Driven by possible equity mobilisation, may I add?

Dax: Heard that Bajaj Auto is on the prowl for an acquisition.

Sri : Expect upside in Reliance Industries stock.

Jog: As it will come out of no-delivery period.

Sri : Reliance Energy may continue to remain strong this week also.

Kay: Jet Airways may be marked lower due to indifferent earnings.

Jog: Also, due to concerns about the price paid for Air Sahara.

Dax: “Our rash faults make trivial price of serious things we have.”

Jog: All’s Well That Ends Well. Can say that of M&A too!

Sri : Stocks of paper companies such as TNPL and Seshasayee paper?

Kay: “What news, then, in your paper?” asks Speed.

Jog: In The Two Gentlemen of Verona, I’m firm on that!

Dax: Likely to rule firm on impressive earnings.

Jog: Real estate plays in the limelight as regulatory restrictions may yield.

Sri : Keep an eye on Morarjee Realty and Mahindra Gesco.

Kay: Low-price sugar stocks may continue upward march.

Jog: “Fair persuasions mix’d with sugar’d words,” writes Shakespeare!

Dax: For example, Rana, Kothari, Gayatri, and Sakthi Sugars

Sri : Momentum likely to be maintained in stocks such as Saregama.

Jog: Plus Srinivasa Developers, Venus Rem and RPG Life Sciences.

Sri : If the Anil Ambani group is awarded airport modernisation project…

Jog: At either Delhi or Mumbai? Reliance capital may then attract interest.

Dax: “Let the ports be guarded; keep your duties,” as in Coriolanus!

Kay: “Have good judgment in horsemanship,” from King Henry V, again!

Jog: They don’t trade horses on the bourses, do they? Bye!

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

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