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Next stop at 13k?

It is still possible that Sensex stays at current levels and moves higher towards 17k. But there is nothing in the horizon that could make it possible, Jogin squealed. Only Obama can make a difference to oil, if he removes troops from Iraq, Khan said. Dakshinamoorthy has started investing small lots, after meeting a wealth manager. On the other hand, Sridevi is preparing for 13k party. According to her, that’s when buying will resume in full flow. Tune into MarketChat

* * *

Jog: Crisis is deepening

Sri: Even Dow hs closed below 11400

Dax: Snsx might go to 12k! I am invstd

Kay: Techincal analysts say that 13700 is crucial

Jog: Sejal is goin 2 b listd dis wk. Grey mkt prm?

Dax: Hrd 20 rupees. Bt way mkts r, listing may be bad

Jog: Everywhere negative news. Infltn 13 per cent?

Kay: Infltn can b 15-16%. Lst yr dis time it ws low

Kay: Wat r mst hated sectrs? Cement, realty

Dax: Cement stks may be weak dis week.

Sri: Why? Cement mnthly nos. Monsoon effect

Jog: Hmmm. Everythn slwing dwn. Wat is RBI doin?

Dax: Exctly. Slowing things dwn.

Sri: Neither cn they mnge infltn.

Kay: Hrd rupee will go to 47 vs USD.

Dax: Gud fr exporters den. IT stks, apparel

Sri: Why dnt we move money into gold?

Kay: Ya, its the only safe place. Bank accnt is safe too!

Dax: Arbtrge NSE/BSE: NIIT, Lotte, Man Al

Kay: Chkd up nos. 5% gain, if price gap remain same

Dax: Lets see. Wanna buy beaten dwn stks?

Jog: Nt anyone is real estate pls!

Dax: DCM, Lloyd Elec, BGR Energy, Indian Hotels

Jog: Wats special abt them?

Kay: All near 52-wk low. Gr8 wrk Dax!

Sri: Add Netwrk 18 also. I hv it.

Kay: My tech frends calls have arrived in sms

Jog: Wow! Sms-ishtyle. Sells?

Kay: Axis Bk, BEML, Biocon

Kay: Bhushan Steel is only buy

Dax: If mkts falls, buy pharma n fmcg largecaps

Sri: Goes without sayin. Buying MFs nw.

Jog: Hv nthing more to add.

Kay: Bears rule for now (logs off)

* * *

Kum with inputs from Yog, Bad and Lee

Blog at http://MarketChat.blogspot.com

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