The Hindu Business Line : Are the markets stuck in a range?

Looking at his mobile, Khan wondered if the Nokia-Qualcomm disconnect would escalate. Studying the day's news, Dakshinamoorthy sympathised with the aspirants to IIMs and IITs. And Sridevi was at a neighbourhood church watching an Easter programme... just when Jogin sent an SMS saying, `CF2C', meaning `come fast to chat'!

* * *

Jog: Hi, all. Market ending positive!

Sri: Indication that the bulls are not yet ready...

Jog: To give up?

Kay: Despite the odds stacked up against them.

Dax: Quite ironical that sarkar...

Jog: Which was taking credit...

Kay: For the buoyant economy?

Dax: But doing everything possible...

Sri: To derail it! Markets are stuck in a range?

Dax: Sensex moving between 12300 and 13500.

Jog: And Nifty, between 3600 and 3900.

Kay: Markets turned slightly strong on Friday.

Dax: But volumes were comparatively low.

Sri: Nifty may head further up.

Dax: If Nifty moves above 3770...

Jog: We might see the next resistance level...

Sri: Around 3835? On the downside...

Dax: Index finds support around 3690.

Kay: Imported cement. Can it...

Dax: Really threaten local manufacturers?

Sri: Stay away from cement stocks.

Kay: ACC, Grasim, Guj Amb..

Dax: Who will win the match?

Kay: FM vs Cement manufacturers?

Jog: Metal stocks rule firm on the back of strong LME.

Kay: Metals are beginning to firm up. Sterlite can rise...

Sri: On the back of firming of copper futures on LME?

Jog: Steel stocks too are gaining momentum.

Kay: Tata Sponge Iron and Sunflag Iron turning active!

Sri: OMC stocks could heave a sigh of relief...

Jog: Following the weakening of crude price?

Kay: Stay away from trading in info-tech stocks.

Dax: Till the Infosys earnings are out. If...

Kay: If the result is not to market's liking...

Dax: Expect an all-round dip.

Sri: Use it to accumulate solid stocks. Sugar, koi?

Dax: Bulk deals in sugar stocks at this juncture.

Kay: Are they hopeful of a turnaround?

Dax: Or, are we missing something?

Jog: HLL making steady progress. 220 soon?

Kay: Cipla and Atlanta climbing on strong footing.

Dax: Should continue to maintain the uptrend.

Sri: Banks bounced back!

Jog: "Plain cannon fire, and smoke and bounce."

Sri: From King John!

Kay: After they began raising lending rates.

Dax: SBI rate hike could trigger a chain effect.

Jog: Chinese central bank's move...

Kay: To tighten monetary policy.

Dax: To cool the fast-growing economy?

Jog: Could spell doom!

Kay: For global equity markets? Deposit reserve ratio...

Sri: Increased by 0.5 percentage point to 10.5 per cent.

Dax: `As if increase of appetite had grown'!

Kay: `By what it fed on,' Hamlet? Bye!

* * *

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

Blog at http://MarketChat.blogspot.com

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