The Hindu Business Line : To move is to stir, to be valiant is to stand

Jogin was studying recent price bands to see if subsequent performance of the scrips bore out the valuations. Dakshinamoorthy was dusting off his tax books to interpret the latest missive from the CBDT on share cap-gains. And Sridevi was charting the box-office collections of you-know-which movie... Till Khan messaged them all from an airport lounge, "StartChat!" Join the group.

Kay: Hi, market is losing its way suddenly.

Sri: Very much like you, perhaps!

Dax: Likely to be a volatile week...

Jog: As the market looks for fresh triggers.

Kay: To move higher?

Dax: Wait for the Sensex to close above its...

Sri: Previous peak at 14,683?

Jog: Before making fresh purchases.

Kay: "In fresh numbers number all your graces."

Sri: Last week kya hua?

Dax: RPG Life Sci earned 5% on June 11.

Kay: Asahi India rose 3% and Hindalco, 2%.

Jog: Glenmark Phar and Berger Paint were up 1%...

Sri: While GMR Infrastr, Unitech and Lanco Infra...

Kay: Ended that day on a positive note.

Sri: Come to the present!

Kay: Traders who had long positions...

Jog: Must have wound up theirs!

Dax: Towards closing session on Friday.

Sri: So, the weakness is likely to persist?

Dax: "The means of weakness and debility... "

Kay: "In all your business and necessities!"

Sri: As You Like It.

Jog: Crucial 2-3 sessions for bulls!

Kay: Some say consolidation around 14K?

Dax: Nifty downside expected up to 4,070 levels.

Jog: Closed on Friday at 4,171.

Sri: The market has a lot of positives going for it.

Kay: But one thing it lacks is confidence!

Sri: "Your wisdom is consumed in confidence."

Jog: From Julius Caesar!

Dax: That is evident in the dips it has been taking...

Jog: Regularly in the last one hour of trade.

Sri: FM's statement on forex reserves...

Dax: For infrastructure use? Good for the sector.

Jog: Oil retailers will suffer, I fear!

Kay: As the crude oil prices near $68 again.

Dax: Bad news for HPCL, BPCL and IOC.

Sri: Textile exporters have been hit by rupee rise!

Kay: NIIT Tech would fetch returns...

Dax: If invested? Catch it on declines?

Jog: Sadbhav Engg an overbought counter?

Sri: GTL Infra trading very strong the charts.

Dax: And Suzlon worth mentioning.

Sri: Indecisive movement in Dr Reddy's...

Kay: But reversal on the upside quite possible.

Dax: Sterlite Optical bullish.

Jog: Wait for a correction to take a position.

Kay: IT stocks are putting up a stiff resistance.

Sri: But, for how long?

Jog: Nice fight-back by Sun TV. Tied up with Nimbus!

Sri: For cricket coverage for regional viewers.

Dax: Movie rights to the cricket field.

Kay: Tussle between Sun TV and Raj TV is hotting up.

Sri: Nicholas Piramal could go up to 320, say brokers.

Dax: Riding on the DLF wave...

Jog: Realty stocks like Unitech and...

Kay: India Bull Real Estate could move up.

Sri: "To move is to stir; and to be valiant is to stand."

Dax: From Romeo and Juliet! Let's move... Bye!

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

Blog at http://MarketChat.blogspot.com