The Hindu Business Line : Anybody for bull sprinting this week?

Khan was going through the investment efficiency of the much-hyped 4 billion dollar to be put in by RIL. Dax pored over the historical P/E of the Sensex. Sri was just about to find the short-term effects of media publicity when.... BUZZ...Jogin calls them for some market chit chat as he is on a “happy” mode after fixing his US client’s communication problem online. “Anybody...yoohooo...hello...guys?”

* * *

Jog: Hey any idea where IT stocks are now?

Dax: (after typing nmne for none) As far as I know, Right time to apply “wait and watch” strategy... key is to remain invested for the long-term.

Kay: Full of action last week. Who is wid me for 19K this week?

Sri: (still angry about Jog’s ill-timed chat invitation) Markets could face some selling on Monday and Tuesday...I go for 17,500.

Jog: Come on...on the brighter side...it could be a good time to accumulate realty and infrastructure stocks.

Dax: My numbers tell me banks could be a good buy.

Kay: Q2 earnings - very crucial trigger for the markets!

Sri: Pssssst....Escorts to become next realty play?

Dax: Can be a good short-term play for high-risk traders

Jog: (quickly) ITC seems to have stalled, after quite a promising start, my broker tells me.

Kay: Are FMCG companies really doomed or is it that the market is taking time to re-rate them?

Dax: Anybody’s guess...hey what’s the new listings?

Sri: CCC listing on Monday...may bring much to the table, if peer BL Kashyap success story is anything to go by.

Dax: I have got some news. Says Nifty downside support exists at 5,380 and below that at 5,280.

Jog: Hope it stays afloat over this figure...

Sri: Can anyone tell me the Left-Cong differences?

Dax: See they disagree, only to agree.... and then follow it up with statements like failure on nuke deal matter not the ‘end of life’.

Kay: (Changes status to “busy”) What’s Sundram Fasteners…?

Dax: Autocomp...no...no not cables...Scrip’s nearing its 52-week low. backed by sound fundamentals, may well be a good entry point.

Jog: I love playing contrarian....

Sri: Pharma, as influential sections had pointed out recently, has already started moving.

Kay: So true...they advise you not to look at Ranbaxy, Cipla, Dr Reddy’s...but silently put theirs.... jerks!

Sri: Anyone for minnows.... there are lots of smaller pharma cos to check out. Take, for example, Dabur Phr.

Jog: Was that another of your hidden gems? Last time you were wrong... I lost money

Dax: Wait...there will be plenty of IPOs, led by the proposed offer by Reliance Power.

Kay: That will once again add to the fabled “Reliance Pack” (a bit of TVspeak there, what?)

Dax: DalalStreet 20/20 team announced!

Sri: (IMs to Jog...poor soul...literally) Nelcast is hot too.... Good fundamentals available at cheap valuations.

Dax: Could be a good long-term play.

Kay: Will you stop it....enuf of your hot tips now....i m going to damo…

Jog: He might not be surprised.... hey why is the FM so angry wid Sensex? His concerns and on stock market rally...this week its gonna be good guys

Kay: Till...FM does not come out with his ‘warnings’.

Sri: Its Reliance guys.... results.... nobody can beat ‘em…not even heavy bears....

Jog: My client is calling me again...doesn’t he sleep...its 2 am there...

Dax: May be we should all disappear...

Kay: Sounds a good idea! Bye…

* * *

Kum with inputs from Mad, Bad, Sri, Nil, San, Vid and Lee.

Blog at http://MarketChat.blogspot.com

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