The Hindu Business Line : Should you start buying now?

Some call it a structural bull market, some bear market and others continue to point towards the 200-day Daily Moving Average. Whatever be it, I am gonna buy, says Jogin. And why not: valuations have started to become tempting, echoes Khan. Dakshinamoorthy thinks investing is all about where you enter and where you exit! 13500 to 15000 is a good 11 per cent upside, he reasons. Sridevi, the perennial bull, isn’t sure whether there are enough people to buy. Buyers maketh the market. What should you buy now or more importantly, should you even buy? MarketChat has some answers.

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Jog: How abt Prajay Engineers?

Sri: Go for Unitech or DLF. They are bigger.

Dax: To its credit Prajay hs a solid biz.

Kay: Lets nt make this a reco column. Plzzz!

Jog: I knw Sensex is luking dwn but stks mite go up

Dax: Forget 12% infltn, oil@$147 and voila! Buy buy.

Jog: Bajaj Holdings n India Infoline r buys, sez tec frnd

Kay: Ummm. Shorts any?

Jog: Many. Tata Pwr, Bk of Baroda, Dish TV, Satyam

Dax: Only frm a shrt-term perspective, I hope.

Sri: Shrt-trm is 1 day, long-trm is 3 days. Ha ha ha ha!

Jog: Stop yappin arnd. Infys results wr good, na?

Dax: Mixed bag. Revised guidance is +ve, though.

Sri: Rsults nxt wk: Axis Bk, Tanla, Jubilant, PSL etc

Kay: Ppl say corp earnings will be 15% yr-on-yr. True?

Dax: Its surely nt goin to touch 20%.

Sri: That’s a bad thing then. Grwth slowing?

Kay: So, it’s only pessimism all around…

Jog: Did you chk D&B latest business optimism index?

Dax: Fell to its lowest level since Q4 2004.

Sri: ‘Could be an indication of things to come’

Kay: I think July 22 wil b crucial. Trust-vote day likely

Dax: S&P sez India’s rating may cm dwn 2 speculative

Kay: Dats a concrn. FIIs will surely fly away.

Dax: RBI may act arnd July 29. Rate hikes probable nw

Jog: Monday listing: KSK Ventures. Ovr 240 opening

Dax: Dnt make loose comments. SEBI mite be watchin

Jog: Oops!. Whose wid me for Snsx@14k dis wk?

Kay: Nobody. We will stay in cash mostly. Sectors…

Sri: Cap goods anyone? It sure looks beaten down.

Dax: Can we go for banking sector?

Jog: No. Still some concern on maintaining NIMs?

Kay: Eco. headwinds continue to thwart loan growth

Sri: … and also asset quality

Kay: How long will this bear market last?

Jog: It may not be over soon says Morgan Stanley

Dax: ‘But some relief could be on the way’…, it added

Sri: So, what FIIs’ are doing?

Kay: They are selling left, right and centre

Jog: Already sold equities worth Rs 26,823 cr this year

Dax: So, now we wait for a big trigger.

Sri: Or look at nuke deal benefactors? Have any?

Jog: L&T, BHEL, NTPC, Areva, Alstom, Rolta, HCC

Kay: One more week to ‘deal’ with. Bbye (logs off)

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Kum with inputs from Yog, Bad and Lee

Blog at http://MarketChat.blogspot.com