The Hindu Business Line : How now, how now, chop-logic!

Sridevi spent the afternoon deciphering the new Saral form. Jogin was searching for the latest economic statistics about narcotics. Dakshinamoorthy was simulating the tax advantages for tech bosses if they reduced their salaries to Re 1 and increased stock options to more than match. Khan sounded the gavel for the weekly chat by sending a ping to everybody. Stand by!

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Kay: Hi! Charts point to a continuation of choppiness.

Jog: `How now, how now, chop-logic!' as in Romeo and Juliet.

Sri: Choppy seas and choppier markets! Long-term trend?

Dax: Continues to be positive. Be an optimist!

Jog: Worried by correction; a technical rebound not ruled out.

Sri: Asian Electronics could see some strength.

Kay: On the back of news that it has clinched an order?

Dax: Ditto with Thermax, its unit secured 3 orders.

Jog: News of a proposal to raise Rs 175 crore thru the FCCB!

Sri: Could weigh down on the Spentex Industries stock.

Dax: Wild card picks include Dewan Hsg and Mro-Tek.

Jog: Dipping global tea prices appear to have taken their toll!

Kay: Did you say tear? `Wretched tears,' says the Bard

in Titus Andronicus!

Sri: Quite a few tea & power stocks were hit over the week.

Kay: GTC Ind had a sharp run in recent months; but dropped...

Jog: By about 40%. Other cigarette players too saw declines.

Dax: `The smoke out at the chimney,' says Rosalind.

Sri: Tata Coffee's tie-up doesn't appear to be working.

Kay: On the markets? What has happened to its rights offer?

Dax: Was Friday a teaser to entice gullible investors!

Jog: That all's well with the market?

Dax: `All's well now, sweeting; come away to bed,'

says Othello.

Jog: New entrants post-10,000 have burnt their fingers. Ouch!

Dax: Hearing more of grandma advice these days...

Sri: That FDs and PPFs are safer investments, as I always say!

Kay: Steel sector shows promise.

Dax: Maruti, the hero on Friday may continue its good run.

Jog: EID Parry. Never say never again to this sugar and

ceramic fittings manufacturer

Kay: Watching Suzlon Energy. Is currently trading at a P/E

multiple of 30. Is there enough potential for wind energy?

Sri: What about Bharat Electronics?

Kay: Has recorded a good order book for the fiscal.

Kay: Markets showing huge volatility.

Jog: One can't decipher much on the movement, technically.

Sri: Nifty closed higher on Friday but see a resistance at 3,167.

Dax: On the downside, a fall below 2,931 is risky to hold longs.

Sri: Though market bounced on Friday, it is still

vulnerable to selling.

Sri: $ appreciating versus Re. IT cos should thrive on this.

Dax: Satyam's CEO has said that its OPM will raise by 30 bps...

Kay: For every one per cent fall in rupee.

Jog: In these rainy days, one can look at good

fundamental stocks.

Sri: Savita Chems' fundas are attractive; declared

handsome dividend.

Kay: Hind-Dorr Oliver announced one bonus share for 5 held!

Dax: But the stock has fallen 5% at Rs 148 on Friday.

Interesting, isn't it?

Jog: `Yet one word more: grief boundeth where it falls,'

King Richard II! Bye.

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Lee with inputs from Nat, Mad, The, Nil, Ala and Bij.

Blog at http://MarketChat.blogspot.com