The Hindu Business Line : Let's `watch our vantage in this business'

Jogin was studying the movement of the inflation graph. Sridevi was cataloguing the mega deals in outsourcing. And Dakshinamoorthy was connecting his TV to a new STB... Till Khan drew the trio's attention to the weekly chat on markets, with an SMS that said `KBC' - to mean karo baat cheet!

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Kay: Hi! Market movement likely to be range bound.

Sri: In the early part of the week. Global equity...

Dax: And commodity markets on a sticky wicket.

Jog: Effects on our markets likely, early this week.

Dax: Short-term support at 13,400 and then at 12,800.

Kay: 14k proving to be a major psychological block.

Sri: Once it is reached, there is a tendency to sell.

Dax: Markets overbought? May consolidate...

Jog: At these levels? For the short-term upside...

Sri: Nifty has to stay clear above 3,991. On Fri 3,983.

Kay: On the downside, support was at 3,950 levels.

Sri: Last week's numbers. Auro Pharma gained

3% on Jan 2. Hind Const was up 2% while Moser Bear,

Kpit Infosys and Bom Dyeing earned a profit of 1% that day. Bata India and Mahindra Ge ended positively.

Dax: HDFC Bank and Infosys' numbers...

Kay: Likely to act as a key trigger.

Jog: Jan 11. Another string of good earnings cards?

Sri: Then the sentiment would sustain? This week?

Kay: Looks like takeover bids are taking their toll...

Dax: On Tata Steel and Reliance Comm stocks.

Sri: Contrary reports on the welcome...

Dax: That Cairn Energy would get on listing?

Jog: Volumes seen in Hanung Toys. Could go to 140.

Kay: Sudden interest in Allsec Tech and Foursoft.

Dax: Gitanjali Gems may shine well in the med term.

Jog: Market showing quite an interest in the counter.

Sri: Mercator Lines and Ginni Fila. Nice on charts.

Dax: Mid-cap software shares very active last week.

Jog: Flurry of activity this week also.

Sri: iGate. Kcking off earnings season.

Kay: Optimistic about its results. Ceat could rule firm...

Dax: Could enter into a tie-up with Pirelli of Italy.

Sri: Strength in DCM Shriram Consolidated.

Kay: One of its units has bagged an order from...

Dax: A Bangalore-based real estate outfit.

Jog: Wild cards for the week include...

Sri: Prakash Industries, Nandan Exim and Bilpower.

Dax: Chart picks for the week are...

Sri: Zuari Industries, Blue Star and Bayer Cropscience.

Kay: Balrampur Chini. The sugar pack is out of favour?

Sri: Listless. Rollicking last year? Well below Rs 90.

Jog: Volumes decent, though. Co doing quite well.

Sri: May be, the sugar cycle will start changing again.

Kay: Bilt. As sugar melts, paper is getting shredded!

Dax: The leading paper co stock not going anywhere.

Jog: Has a lot of steam. The next big trigger?

Sri: ITC was in the dumps in the past few sessions.

Dax: Recent headlines? ITC has to stage a comeback...

Kay: On marketmen's radar before people talk +ve.

Dax: Hammering unexpected. Gather on every slide!

Jog: Cigarettes-to-foods player.

Dax: Doing well on the business front.

Kay: Let's `watch our vantage in this business.'

Sri: As in The Taming of the Shrew?

Kay: Also, "To watch the night... "

Dax: "... in storms, the day in cold." Bye!

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Lee with inputs from Nat, Mad, Lok, Nil, Bad, Bij and The.

Blog at http://MarketChat.blogspot.com