Business Daily from THE HINDU group of publications
Monday, Jun 25, 2007
ePaper
Business Daily from THE HINDU group of publications Monday, Jun 25, 2007 ePaper |
|
|
|
|
|
|
|
Markets
-
Stock Markets Columns - Chat
Khan was carefully tracking Blackstone on the Wall Street charts, Jogin was studying the slowdown across-the-board in the sales of digital music players that Forbes spoke about, and Dakshinamoorthy was wondering if Bear Stearns would be another Long-Term Capital Management... Till Sridevi remembered to pool them in for the regular market chat. Connect! * * *
Sri: Hi, Markets gained over 2 per cent last week. Kay: Will the rally continue? Dax: Many are clueless about that! Jog: Bulls not letting the bears get any advantage? Sri: Bears are getting unbearably squeezed because... Kay: Investment inflows kept the market afloat. Dax: Open interest position at all-time high! Sri: Unwinding of positions could pose... Jog: Serious threat to equities? Exactly a year ago... Sri: Overall open interest positions touched... Jog: The then all-time high figure... Shook the market. Dax: Once bitten twice shy? Jog: Last week's numbers, anyone? Sri: Lanco Infra gained almost 6% last Monday. Berger Paint rose 1% that day, even as Asahi India, Hindalco and Bharat Petr ended on a positive note. Kay: June F&O contracts expiring this week. Dax: So, expect volatile condition. Kay: FIIs reported net purchases of Rs 4,420 crore... Sri: In the derivatives between June 14 and 21. Dax: Confirmation of further bullishness! Jog: If Nifty crosses 4,259 on the upside. Sri: Nifty ended 4,252 on Friday. Kay: On the down, Nifty has immediate support... Jog: At 4,220, and second support at 4,170 level. Sri: Global cues? Jog: Of interest is the rate decision by the US Fed... Dax: Fresh clues likely on US economy's health? Kay: True. Our market is now closely integrated... Sri: With global markets? No fresh market trigger... Jog: From the domestic front? Dax: Active monsoon is good news for FMCGs. Kay: HCL Tech extremely weak, further down likely. Jog: Immediate support at Rs 323. Sri: Weakness in TCS and Infosys continue. Jog: However, TCS may recover. Looked oversold. Kay: Bank of India strong on the charts! Jog: House of Pearl Fashion perking up. Dax: Increased volumes in the counter... Kay: On Friday. Should help the stock. Sri: Battered stocks getting a chance to recover. Kay: Vimta Labs, for example? Dax: Heritage Foods is once again on the move. Sri: Last time, their run took everyone by surprise! Jog: Recent listings, Nitin Fire and Time Tech... Dax: Darling of day-traders? Sri: Only until the next listing. Kay: Those who don't synchronise their exit time... Jog: With that of the operator, will be in deep trouble. Sri: Inox has a short-term target of 140. Dax: And long term, 160, say brokers. Kay: Also check out PFC and Havells. Sri: Expect volatility, brokers caution. Jog: Book profits whenever you get a chance. Kay: Not the time to be greedy. Never! Dax: No guarantees about tomorrow. Bye! * * *
Lee with inputs from Mad, Bad, Vim and Bij. Blog at http://MarketChat.blogspot.com
More Stories on : Stock Markets | Chat
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|