Business Daily from THE HINDU group of publications Monday, Jan 01, 2007 ePaper |
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Markets
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Stock Markets Columns - Chat
Jogin was trying to disentangle the telecom lines in his office. Dakshinamoorthy chuckled thinking about how TV viewers in Delhi, Mumbai and Kolkata may at last know the CAS-plight that Chennai-ites went through long ago. Sridevi was reading forecasts of how the market would move in 2007. But Khan remembered to pool them in for the market chat. Take the plunge! * * *
Kay: 2007 chart patterns portend well for stocks! Sri: But the Sensex may get into a corrective phase. Dax: Near-term weakness paas mein? Key stocks... Jog: Moving sideways technically, with a - ve bias? Sri: Explains why the index outlook is weak. Kay: "If all the year were playing holidays... " Jog: As Prince Henry wishes! Dax: Markets closed -ve on 2006's last trading day! Sri: Overall, a great year for Indian equity markets. Jog: If there is some grumbling, it could be like... Dax: `They got such high returns, why didn't I?' Kay: Be the first to buy if you see a great story ahead. Sri: No use lamenting after stock has soared. Jog: Nifty ended at 3,966. Mild resistance at 3,976. Kay: If that's cleared, can see spike in the index. Sri: Then it should move on to 4,015 for the short term. Kay: Markets likely to sputter once more. Dax: As they near their previous all-time highs. Jog: 2-day holiday in US markets and 1 here India Sri: Can see fund managers extending their holidays! Dax: "Flesh for holidays, fish for fasting-days... " Jog: As in Pericles, Prince of Tyre! Kay: Rally beyond 14,200 required to make Sensex... Jog: Come out of its sideways range? Dax: Will FIIs continue to have faith in the market? Jog: MFs? In sync? Last week, kya hua? Kay: Moser Baer was up almost 7% on Dec 26. Bartronics and Sanguine Md gained about 5%. TCS and ONGC earned a profit of around 3%, while HCL Tech, Guj Amb Cem and Polaris Soft were up almost 2% and Tech Mah ended that day positive. Sri: GE Shipping may perk up. Promoters buying... Jog: Suggests a bullish outlook for the co. Dax: Mahindra Gesco moderate. FII limit reached! Sri: Wildcards include Flex Ind and Morepen Labs. Kay: Chart picks include Rei Agro, Mphasis and... Dax: Polaris! 200? What about hotels? Sri: Sector booming. Not the stocks! Bombay Dyeing? Dax: Heading to 800. Hinduja TMT shot up from 636... Jog: To 798 last week. Stock to watch! Kpit Cummins... Kay: Became very active as the RD nears. Jog: Jan 4 last date for bonus and stock split eligibility. Sri: Ipca Lab and Aurobindo Pharma in news. Kay: Both strong in their stock movements. Dax: Hind Cons and Bata India looking strong! Sri: "Were I strong, I would not shun their fury... " Jog: On the charts, yes. They should prop up further. Sri: Harrisons Malayalam, a short-term pick. Kay: Despatch numbers of cement and... Dax: Two-wheeler sales? Numbers worth watching. Jog: The former may be strong! "Joy and... " Sri: "... good wishes," as in King Henry V. Bye! * * *
Lee with inputs from Nat, Mad, Lok, Bij and The.
Blog at http://MarketChat.blogspot.com
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