Financial Daily from THE HINDU group of publications
Monday, Sep 19, 2005
Financial Daily from THE HINDU group of publications Monday, Sep 19, 2005 |
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Stock Markets Markets - Stock Markets Columns - Chat Easy to recommend, risky to follow
Khan busied himself with a tarazu, putting fundamentals on one side, and technicals on the other. Jogin was too tied up with restringing his tennis racquet. Dakshinamoorthy lay in a hammock reading Bull God, a novel by Roberta Gellis. Sridevi brought them all together for the market chat. Join the fun! ** Sri : Hi, let me start with good news. Chart patterns suggest… Kay: A continuation of the bullish trend, you want to say, right? Jog: How bullish you are, butting in before Sri finished! Dax: All is fair in war and… bull market, Jog. ;-) Sri : Overall mood in the market is still upbeat, but… Jog: It's a very risky situation at the moment, let me add! Dax: If you buy and the stock price falls then it's a loss. Jog: And if you sell and the stock price rises, that's a notional loss. Sri : This is the situation for many of the market players at the moment. Dax: I heard a new rhyme, "Bulls are saying, bear with me!" Kay: Does that mean bears are also on the bulls' side? Sri : Is 9,000 in sight? Like a rainbow with a pot of gold… Jog: I smell coffee from the kitchen. Do you smell scam? Kay: The FM has assured us there's no scam! Dax: Everyone is excited about the rocket-speed rally in the market. Sri : Liquidity flows appear robust, healthy, vigorous, full-bodied, strong… Kay: Bas, bas. This can lead to more interest in large-caps stocks. Jog: That's why I say stop looking for tips right now! Kay: Yeah, and try to save the profits and capital at the moment. Sri : If you can read tealeaves, some fall is likely this week… Jog: Most probably one could see some large-scale selling today. Kay: Hmm… Many traders will look at selling today at higher levels. Dax: What happened last Monday? Anybody crunched numbers? Sri : On Sep 12, Uniphos gained almost 20 per cent, while Indo Gulf and Andhra Cem made about 10. Steelco Guj and Birla Global... Jog: They were in the 5 per cent range, and scrips that gained 4 plus were Grasim, Snowcem and Jindal Steel. Dax: Ontrack, Sonata Soft, McLeod Rus and ITC were up 2 to 3 per cent. Sri : Eveready, Ultratech, Tata Steel, and SAIL stayed positive. Jog: As for this week, no stock-tip please! Just sell part of the stocks! Kay: I agree. The best way should be to move to stocks with strong fundamentals. Sri : One such stock is HLL. This stock looks good in the current situation. It has not participated much in the rally. So possibility of fall it is not much. Dax: Street talk indicates action in Nagarika Exports, Sandhu Pharma, and SPIC. Kay: There are indications that SBI and HDFC may continue to attract institutional investor buying. Jog: ITC may settle at higher levels post stock split and bonus when these take effect this week. Dax: "When gods walked the Earth, a king could pray for and have a white bull rise from the sea to confirm his claim to the throne," Gellis says! Sri : GHCL may be in the limelight on the back of a private placement. Kay: Another stock is Wipro. Buy it for long-term by selling some of the stocks in your portfolio. Dax: If you're ready, I can tell you about Eveready Industries. At Rs 133 and set to go higher! Not a bad show for a stock that set free. The baggage was tea, which went to a sister company only recently. Sri : Bharti Tele at a 52-week high on Friday. Enters insurance, with Axa! Kay: Looks all set to reach Rs 400 in no time if the current trends persist. Jog: Lots of steam left, because of plans to go beyond just telecom. Dax: What about Duncans? A newly found story, thanks to the company's proximity to group venture Andhra Cement, another chartbuster. Duncans is implementing a major CDR package. Sri : Suna tha ki Escorts would do well… Kay: Also, steel and cement look strong. See SAIL, Tata Steel and ACC. Dax: In small-cap, try Unimer... Sri : GAIL is doing well after the Bangladesh coalfield offer. Kay: Pharma lying low now, like Jog. But when the sector joins the bull party, look at Cadila and Suven. Jog: Let me remind everybody, giving recommendations is easy. What is very risky is to take the suggestions. ** Lee, with inputs from Vir, Nat, Mad, Nil, The and Sve. Send in your views to: Chat@TheHindu.co.in.
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