The Hindu Business Line : Look for quality large caps with long-term view

Time to get back to work, thought Jogin, switching off the TV. Around the same time, Dakshinamoorthy was reviewing his recent deals to see if he could learn from his mistakes; and Sridevi was praying hard for a miracle to happen in the bourses as much as in the Bermuda-Bangladesh match. Khan reminded them all about the market chat. Run in.

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Kay: Hi. Markets are fighting back, even

if our team didn't.

Dax: Sensex level to watch for is 13,800. In Nifty, 3,915.

Jog: Nifty has immediate support around 3,832?

Kay: On the downside. And resistance at 3,930.

Sri: Analyst calls turning out to be weather

predictions.

Jog: Sometimes, it is bang opposite to what

they forecast!

Dax: Contrary to talks of Sensex slipping

to the 11,500 zone...

Kay: It fought back, raising hopes that all is not lost.

Sri: F&O expiry on Thursday will influence the trend.

Jog: Will the Cricket team debacle affect the market?

Sri: Why? Because market players are also cricket fans?

Kay: They would take any bad news personally...

Jog: Even if it is not directly have bearing on stocks.

Dax: Comedy of errors! What happened last week?

Sri: BPCL and Alstom Power rose almost 2% on March

19. Indian Oil and Reliance made a profit of about 1%

while HPCL, Reliance Energy and MindTree

stayed positive last Monday.

Kay: FIIs have been covering their short positions.

Sri: It is the longs who are more vulnerable now.

Dax: Year-end window dressing by funds...

Kay: To prop up NAVs? Can keep the markets steady.

Jog: Ahead of the year-end. Interest has not revived...

Dax: In the small cap stocks yet?

Sri: Safer to buy quality large caps with a

long term in view.

Jog: IT stocks will be in the limelight ahead of results.

Kay: They are the first to announce earnings.

Jog: iGate, Hexaware Technologies, Hinduja TMT ...

Dax: And i-flex look interesting.

Sri: Aditya Birla Nuvo is turning up after

a deep correction.

Jog: Good place where long-term investors can enter.

Dax: An interesting break-out in the Reliance

Petroleum charts.

Sri: Let us see if this is the beginning of a

long-term up-trend.

Kay: Mastek to develop new campus in Chennai. 5,000

headcount.

Jog: Should help the stock in the long run.

Dax: Biggies L&T and BHEL powered their

way last week.

Kay: Brokerage houses certain they can go

more distance.

Sri: India Bulls Real Estate ideal for day traders.

Jog: Wanna try your luck? Accumulate Idea Cellular

for the long run.

Kay: Would be rewarded handsomely?

Dax: Punj Lloyd could turn stronger. Rs 240 crore

order from ONGC.

Jog: Cement sector vs FM. Face off. Who is going

to blink first?

Sri: Stocks can head either way, depending on who

is the winner. Bye!

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Lee with inputs from Mad, Lok, Bij and Kar.

Blog at http://MarketChat.blogspot.com