The Hindu Business Line : Prudent to book profits on any rally

Dotcom boom is perhaps back in place, thought Jogin, looking at the over-subscription statistics of recent IPOs. Sridevi studied with interest the details about the social security pact with Belgium. Dakshinamoorthy tried to extrapolate the growth in the manufacturing sector, considering the latest policy announcements... Even as Khan woke up from his Sunday siesta just in time to alert his chums about the regular market chat. Tune in!

Kay: Hi, everybody! With 13,000 crossed...

Sri: Can we expect the Sensex to move up?

Jog: By a further 150-200 points from current levels?

Dax: From a technical standpoint...

Sri: Key resistance levels beckon.

Jog: It might be prudent to book profits on any rally.

Dax: "O prudent discipline! From north to south."

Jog: From King John! And move into cash...

Sri: That can be reinvested at lower levels.

Kay: Sensex and Nifty at news peaks, I agree.

Jog: Euphoria was not felt... across the board?

Dax: Should we not turn cautious here?

Kay: "For thy good caution, thanks," as in Macbeth!

Sri: The medium term was bullish, but...

Kay: Short term looks slightly overbought.

Jog: Anybody has last week's figures?

Sri: Here! Sesha Paper gained almost 20% last

Monday, and Sah Petroleum, 15%. Sundram Fast was

up 10% on Oct 30, and Bse Infra earned 5%. Hind Petro

and ICICI Bank were up almost 4% that day, while

Bharti Air and Rel Comm rose about 2%. KS Oils, Vimta

Labs and GMR Infrastr gained more than 1%.

Sundaram Clayton, Hero Honda, Indian Oil and

Tech Mah ended last Monday on a positive note.

Kay: This week, I expect KPIT Cummins to rule firm.

Dax: Considering splitting its stock.

Jog: Reliance Capital may see strength, I feel.

Sri: On news of its acquisition of Travelmate?

Kay: Cera Sanitaryware could firm up.

Jog: On the strength of its earnings card.

Dax: Sesa Goa could see action, they say!

Sri: Plans to permit phased exports of iron ore.

Jog: Chart picks for the week include M&M...

Kay: And Dalmia Cement. Thermax...

Dax: And Man Industries showing nice momentum.

Sri: One can bet on these stocks.

Jog: Do you expect IT stocks to take a hit?

Dax: US' prediction about slowing down on spending?

Kay: Infrastructure stocks Reliance Ind Infra and...

Dax: Patel Engineering? Worth looking into!

Jog: In pharma, Shasun Chem displaying strength.

Dax: Further rise on the cards? Take care. Bye!

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

Blog at http://MarketChat.blogspot.com