The Hindu Business Line : By indirections find directions out

Khan was studying the `complex schemes for exporters' that WTO was complaining about. Jogin was tabulating the IPOs slated for the weeks ahead. And Dakshinamoorthy was charting the worrying auto numbers... Till Sridevi messaged them all, `ChtHr', ringing in the chat hour. Stand by!

Sri: Hi, short-term pull back?

Kay: Quite probable, I'd say.

Jog: But the overall trend is negative.

Dax: On the upside, immediate resistance for Nifty...

Kay: At 4,180 level and above that...

Jog: Around 4,250.

Sri: Nifty closed on Friday at 4,145.

Dax: However, one has to be cautious!

Kay: At the higher levels mentioned?

Jog: Last week's numbers, koi?

Dax: Hindalco rose 4% and ITC made a gain of...

Kay: Half that much. Bata India and Asahi India...

Sri: Earned a profit of 1% last Monday.

Dax: This week, global market, RBI's stance and...

Jog: A weak auto sector?

Kay: Just the factors bothering investors!

Sri: MFs sitting on money?

Jog: Are they expecting a mini-crash to invest?

Kay: Question everyone is asking is...

Dax: Post-DLF, how would the market perform?

Jog: DLF IPO starting June 11 could affect liquidity.

Sri: DLF's peers Unitech and Sobha...

Kay: Took a big dip on Friday!

Dax: Any underlying message or pure correction?

Sri: Stay away from...

Jog: Auto stocks until the negative talk clears!

Dax: Birla Kennemetal has been active. Reason?

Sri: Total promoter holding 88%. SEBI guidelines say...

Kay: Promoter holding within 75% for listed co.

Jog: Options: Off-load, preferential offer to FII...

Dax: Or FPO at a very high price?

Kay: Among IT stocks, brokers are bullish on...

Sri: Satyam? Target 520.

Jog: Infosys might move up in the medium term.

Dax: As rupee declined for the past few sessions.

Kay: Followed by other technology stocks...

Jog: Infrastructure stocks have lost momentum...

Dax: But GMR Infra seems to be a clear favourite.

Sri: Lanco Infratech likely to attract attention...

Jog: Its coal-based units getting completed by 2008?

Kay: Balaji Tele showing good strength in the chart.

Sri: Hindalco bucked the weak trend.

Jog: But the coming sessions would see the stock drop.

Dax: ACC stock severely hit.

Jog: Might see some reversal in the short term.

Sri: Andhra Bank looks to be oversold?

Dax: Try out Dena Bank for long term.

Kay: Lot of action is seen in the counter.

Sri: Glenmark, RPG Life Science, Berger paints...

Jog: EIH Associated Hotels & Shipping Corpn...

Dax: To announce Q4 numbers.

Sri: South-bound market could look towards...

Kay: The Western markets for direction?

Jog: "By indirections find directions out."

Dax: From Hamlet? Bye!

Lee with inputs from Mad, Bad, Vim and Bij.

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