The Hindu Business Line : Any chances of inflation in stocks?

5, 6 and now 7%. That’s where wholesale based inflation stands, thought Khan. Wonder how much high it is at the retail level? Whatever be it, Sridevi was sure ‘retail’ investors were nt ready to buy stocks as yet. Jogin, however, is always ready to buy. Technicals are his new friend. But Dakshinamoorthy would stick to his fundamentals. Its sad to one’s investments go down value everyday. Over to market chat…

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Jog: Nt a grea start to new fiscal.

Sri: Lost over 6 % last week.

Dax: Any hope for recovery?

Kay: Heading downwards!

Sri: Wens da nxt support?

Dax: Magic number is 14725.

Kay: Will breach it, I am sure.

Sri: Only inflation is goin up!

Kay: Any instruments linked to inflation?

Dax: Nothing. Only bonds and their yields.

Kay: Wats on Monday?

Sri: Spice Mobile n Refex Refrigerants results.

Jog: Ya. 9-month nos for Spice till Dec.

Dax: Yearly for Refex.

Sri: Infosys results on April 15

Kay: Far away. Wats repo rate?

Dax: Why? Any cut on dat one?

Jog: Repo rate is the interest rate at which…

Sri: RBI lends to bnks in short term or overnight.

Jog: Reverse repo is da rate for borrowing from bnks.

Dax: Rvrse repo rate may b cut .

Kay: So? Wat will happen?

Jog: Simple. Arbitrage opps will go.

Dax: Capital inflows will also lessen too.

Kay: All dis to stem inflation?

Sri: Yes. CRR cut may be too harsh on banks.

Dax: Anyways. Who has picks 4 da week?

Jog: Me. United phos, Akruti, Hero Honda – Buy.

Sri: Mkts look like goin down. If I want to short?

Jog: Axis, Bk of Baroda, Cipla are sells.

Sri: Who is da source?

Dax: His tech friend, of course.

Jog: Any cues from global markets?

Dax: My gut feelin is dey r goin down.

Kay: Why do u say dat? Dey were strong till last week.

Sri: Dnt interrupt. Lets listen 2 him.

Dax: Limit 4 takin bad news. + relief rally is over.

Jog: So, Monday is again goin to be sad.

Sri: Ngtve news everywhere. Steel, cement stocks.

Kay: Ya. Hrd dat one. Steel prices reduction effect.

Jog: What abt cement?

Sri: Govt action on da way becoz cos raising prices.

Kay: As it is vol ms r low in trading. Wen wil all dis end?

Dax: Not dis week, I m sure.

Jog: On Friday, Nitin n Jubilant anncd sum acqustns.

Sri: Ya. Some action der. Hrd abt Krebs?

Dax: Wats wid dat? A pharma co, no?

Kay: Says finding it diffclt 2 meet schedule of payment.

Jog: …of installments on term loans in time.

Dax: So approaching Corp Debt Restructuring Cell .

Jog: Bad nws. Sum short covering may push up later.

Dax: Hope Sita isn’t affected on Monday.

Kay: Ur new girlfriend???

Jog: No no. New listing. Sita Shree Food Prdcts

Sri: Hav sum allotment of dat one.

Jog: God bless you and Sita (logs off)

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Kum with inputs from Bad, Yog and Lee

Blog at http://MarketChat.blogspot.com