The Hindu Business Line : Market getting into correction mode

Khan was tracking CNN for the latest on the warfront, but Jogin was scouring CSN's site to know more about the Brazilian company now challenging Tata. Dakshinamoorthy was looking for logic in Volkswagen's announcements chronologically... Till Sridevi ping-ed them at the appointed hour for market chat. Shift mode!

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Sri: Hi KJD! Technical factors impacting the market...

Kay: Deteriorating? Time to turn circumspect.

Dax: Further upside not ruled out.

Jog: A 10-15 per cent correction likely in the near term.

Kay: The mild jolt on Friday should alert investors?

Sri: Surprisingly, no +ve effect of nuke bill clearance!

Dax: Nifty ended lower on Friday.

Jog: Correction seemed to have been on course.

Kay: Upper hand kiska, bulls or bears?

Sri: Will be known this week.

Jog: As long as Nifty holds above 3,825, all is well!

Dax: Market gets into correction mode. So, better to...

Jog: Wait and watch? Last week's numbers, koi?

Sri: Here! Sujana Metal was up almost 13%last Monday.

Ind Swift rose 8% while Sterl Hol, Omax Autos, Orchid Chem and Essar Oil gained between 4% and 5%. Bharti Air, Rel Comm, Ace Software and Indiabulls earned a profit of about 3%.

Era Constrion was up 2% while Bhartiya Intl ended Nov 13 on a positive note.

Kay: Tata Steel could turn weak... this week.

Jog: Due to CSN's higher offer for Corus. Counter-bid?

Sri: Volkswagen's decision to set up a plant in India!

Kay: Not good news for Maruti stock.

Dax: SpiceJet could see some movement.

Sri: Planning to sell equity to raise about $60 million.

Jog: In a gloomy market, Deccan took off smartly.

Kay: Worth watching the way it goes!

Sri: Petron Engineering could firm up, I guess.

Dax: On the back of orders from Sterlite Industries.

Jog: Chart picks for the week Indian oil and Geodesic.

Sri: Banking sector, surprise star of the week!

Dax: Thanks to FII participation.

Sri: IT strong for medium term. So are banking...

Jog: Engineering, infrastructure and cement.

Kay: Buy Mahindra Gesco and Unitech on correction.

Dax: Around 790 for the first, and 400 for the second.

Sri: Banks are trading quite convincingly and strongly.

Jog: UTI Bank, SBI, Canara and PNB to name a few.

Kay: ICICI bank soared to 925. Ended the week at 876.

Jog: If the market moves up, 1K is easy target.

Sri: Check out BRFL, Ipca Labs.

Kay: If market dips and...

Dax: ... you still have the itch to invest...

Jog: Stick to frontline IT stocks, experts say!

Sri: Mere jaisa!

Dax: "Valour, honesty, and expertness in wars."

Kay: Says the Bard. In All's Well That Ends Well.

Sri: You need all that in markets too. Bye!

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

Blog at http://MarketChat.blogspot.com