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Monday, Sep 05, 2005

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Prepare yourself to profit by your chance!

Jogin read once again, "New Company Law will protect small investors." Khan tried to do some math about the new special purpose vehicle that AP is thinking of with ONGC. Dakshinamoorthy wondered if there would be a clear mandate in Bihar before the end of the year. Sridevi pressed the 'chat' button to get them all on the market groove! Fall in line.

**

Sri : Market is likely to move up because of fall in oil prices, I'd say.

Dax: Plus, nobody is bearish ever since fresh FII inflow started coming!

Sri : Shall I say, there could be a new high this week? :-)

Dax: Chart patterns point to a bullish trend in the near term.

Kay: Nifty ended at a new closing high of 2,415. Can charge up further!

Jog: Mid-cap and small cap stocks continued to perform excellently.

Kay: Markets appear to be brushing aside 'crude' concerns…

Dax: As liquidity flows have improved again after a few lacklustre weeks.

Sri : Crude remains the big risk. Yet, pure refiners such as...

Jog: Chennai Petro, Kochi Refineries and Bongaigaon could see upside.

Kay: If sarkar allows refiners to raise petro-product prices this week…

Sri : We may then see price action in HPCL, BPCL and IOC counters.

Dax: I was rewinding to what happened last week. Kanika Info gained almost 20 per cent last Monday! Apollo Sindh and India Glycol made about 13.

Jog: Mangalore Chem, Radhe Devlop and Freshtrop Fr were plus 10 per cent.

Kay: Ind Swift and Colour Chem were at 7 per cent last week, while G.E.Shipping, Vanavil Dyes and Shaw Wallace stayed 6 plus, with Galaxy Enter close behind with 5 per cent.

Dax: Clariant earned 4+, Eveready gained almost 3; Nocil made about 2 per cent.

Sri : Ivrcl and Videocon stayed in the positive range, among the last week's lot!

Jog: Watch India Glycol. Molasses rates have fallen. Raw material!

Kay: Stock was up 50 per cent in the last 7 trading sessions. Be cautious!

Dax: Big deal in Jain Irrigation! About a quarter of the company's equity!

Sri : It can see a rise of another Rs 30 - 40 this week.

Jog: IFSL - unusual name in non-conventional energy?

Kay: But a lot of people entering this stock, please note.

Sri : High risk, remember, though good sedate returns!

Dax: Unjha Formulations has started moving up last week.

Kay: Company is likely to file 4 - 5 formulations. Low-priced stock.

Sri : Expect upside in ITC in the homestretch due to its starting to trade on an ex-stock split basis.

Dax: Shiva Cement may stay in the limelight as its debt restructuring has been cleared. It is a potential acquisition play, too.

Jog: Taj GVK Hotels may rule firm as stock split is imminent.

Kay: Soft commodity plays such as CCL Products and Tata Tea may continue their upward march.

Sri : Binani Industries shareholders are to get a direct stake in Binani Cement and Binani Zinc. Expect this stock to rock.

Jog: Psst…a widely-followed investor is accumulating Rain Calcining.

Kay: Yeah, watch that space! Street talk indicates action in Softpro, Eastern Silk, Ginni Filaments and Krishna Engineering. Shringar Cinemas, too, has a buzz.

Sri : Cement and two-wheeler stocks may dominate market action.

Dax: On the back of buoyant numbers, I'd say.

Jog: In auto components, keep an eye on Sona Koyo and Munjal Showa.

Kay: The proposed conversion of GDRs to ADRs and US listing could provide some relief to the Ranbaxy stock, which has been languishing on the sidelines.

Sri : Ting, tong! Metals prices are likely to rise. You know why?

Jog: Because the US's demand for aluminium could go up in the construction sector, after Katrina took its toll!

Dax: Copper stocks are again dipping and, therefore, it could rise.

Kay: Since domestic metal prices are based on global prices, our companies are likely to benefit. So, look at Hindalco, Nalco, Sterlite, Balco, and Indo-Gulf.

Jog: Sugar has come under pressure in the wake of the Allahabad High Court ruling quashing the 1998 de-licensing of sugar industry.

Kay: Oh, Bajaj Hindustan is one of the respondents, and it could be affected. As also, Dhampur, Mawana and Triveni, with units in UP.

Sri : NTPC has crossed Rs 100 and has stayed firmly beyond.

Jog: This is an improvement of sorts, considering that the stock had stayed in the Rs 94-95 range for what seemed like ages!

Dax: Welspun India shot past Rs 140 for a brief while and has come down subsequently.

Kay: The obvious trigger, in my opinion, was expansion plan announced by the company last week. There may be some steam left, market-men feel!

Sri : Has anyone noticed how UTI Bank stock is being beaten down? It is now at around Rs 250, a marked decline from what it was just a few days ago!

Jog: A concerted effort to bring it down? No jawaab?

Kay: Some banks look stronger. SBI poised for a fresh takeoff. Canara Bank and Federal Bank movements are very positive. I saw good volumes in UTI Bank.

Dax: A delivery pick! Heard Man Industries is an investment chance?

Sri : Be on solid ground with cement, textiles and fertilisers!

Jog: Bet on ACC, I'd suggest.

Dax: In low price, look for Mangalam Cement and India Cement.

Kay: Unless you have prepared yourself to profit by your chance, the opportunity will only make you ridiculous, cautions Orison Swett Marden.

Sri : And, "A great occasion is valuable to you just in proportion as you have educated yourself to make use of it." Take care, therefore!

**

Lee, with inputs from Vir, Nat, Sub, Ace, Mad, Nil, The and Sve.

Send in your views to: Chat@TheHindu.co.in.

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