The Hindu Business Line : Learn how not to lose a winning match

Khan was watching top favourites on YouTube. Dakshinamoorthy was trying to decipher what Greenspan has been saying of late. Sridevi was charting over a timeline the interest rate changes in China... Till Jogin woke up to remind them all about the weekly chat.

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Jog: Hi. Weak after the hit.

Sri: That we suffered in Port of Spain?

Dax: Painful, to say the least.

Kay: As much as in the bourses!

Sri: Sensex poised just above...

Dax: The important support at 12,300.

Kay: Move below 12,300 will take the index down...

Dax: Another 1,000 points?

Sri: Nifty has important support at 3,570.

Kay: Nifty has to move above 3,670 levels...

Sri: For any upward confirmation.

Dax: That's quite far away from Friday's close (3,604)!

Jog: If World Cup were played during our daytime...

Sri: It would have attracted more attention...

Kay: Than the markets. :-| "Learn me how to... "

Dax: "... lose a winning match," says Juliet!

Kay: Downside movement in the markets last week...

Jog: Put investors and traders on the back foot.

Dax: Overall, the sect became poorer faster.

Kay: In ten trading sessions.

Sri: Markets wiped out more than what profit...

Jog: They'd earned over the last 6 months.

Kay: That's true... They were getting richer...

Jog: Slower few months earlier.

Dax: At the moment, the bearish sentiment continues.

Sri: Given the volatility...

Jog: And negative projections for the market...

Kay: Message for retail investors is clear: stay away.

Dax: Prices are undoubtedly tempting.

Jog: But you can get it still cheaper.

Sri: "The tempter or the tempted, who sins most?"

Kay: Ah, from Measure for Measure!

Jog: At this rate, banks need not coax fence sitters...

Kay: To become FD account holders?

Sri: Brokerage houses expect some action next...

Dax: Only during the results season.

Jog: Aluminium stocks could move up.

Dax: Backed by stability in international prices.

Kay: Watch out for Nalco. Crude oil price...

Sri: Falling to $57. Good for OMCs...

Jog: Oil marketing companies such as...

Dax: BPCL, HPCL and IOC.

Kay: Alstom Projects and GMDC...

Jog: Look strong on the charts.

Dax: "Any strong or vehement importunity," says Iago!

Kay: "Good arms, strong joints, true swords... "

Jog: From Troilus and Cressida!

Sri: GSFC looks oversold.

Jog: Reliance Energy has shed weight considerably.

Dax: "With lesser weight but not with lesser woe... "

Jog: From The Comedy of Errors!

Dax: "Sad stories of my own mishaps."

Sri: Real estate stocks put up some resistance.

Kay: Unitech, in particular stood out.

Dax: Mindtree was the toast of the week...

Kay: But it too lost steam.

Jog: "As rheumatic as two dry toasts... "

Dax: From King Henry IV, I know! Bye.

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Lee with inputs from Mad, Lok and Bij.

Blog at http://MarketChat.blogspot.com