The Hindu Business Line : This Monday could be different!

Khan, Dakshinamoorthy, Jogin and Sridevi are a worried lot. Each one of them have lost big money in stock markets. Is there as silver lining round the corner? Mondays have been bad for trading. But to get to better Tuesdays, we have to go through the 1st day of the week. And it could be very different this week. Over to market chat…

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Jog: US Fed’s actions last week cud save us.

Sri: I feel, JP Morgan got a plum of a deal.

Dax: Dnt b so sure. Dey also took $30 bn loans of Bear

Kay: Fed cut rates too. Lender of 1st resort nw for ibanks

Jog: Our HDFC, Hindlco, TataStl, ICICIBk lost last week

Sri: Anybody had Orchid Chem? 45% gone in two days!

Dax: Khan bought it a week ago. Sayin cheap valuations

Kay: Wat 2 do? Bear Stearns sold. The promoters too

Sri: But wasn’t dat becoz of margin-funding problem?

Kay: Da regulations helped to discover da risky biz

Dax: Hav 2 disclose any positions > than 5% to SEBI

Sri: The outlook for pharma sector looks sad too.

Kay: Not dat defensive after all huh? GSK fell.

Jog: News abt Wockhardt havin forex losses came.

Dax: But da company has denied such news.

Sri: Hey we hv F&O expiry dis week. Bad time!

Kay: Roll overdata will be key.

Dax: May give indications for March qtr.

Jog: Banks gave a lot of advance taxes. +ve step.

Sri: Ex-dates for Denison, JK Tyre on Mar24

Jog: Honeywell nxt day.

Dax: Goodricke n Manappuram (Mar27). All divdnds.

Kay: My technical analyst has sum recommendations

Jog: Come on. And u waited dat long!

Kay: ONGC, ABB and Ambuja look +ve

Kay: Yes. Asian Paints, make dat four!

Sri: Chartists r sayin everythin looks weak.

Dax: Read a brokerage report. Says 14500 is impt.

Jog: Why? Pull back expected?

Dax: No. After dat 13200 and den 12800. Scary!

Sri: And anything more? Will like 2 read da report

Dax: The report says Sensex dsnt look like in bear phase

Jog: Hw long is a bear phase? 1 year?

Dax: The report said Sensex has a 8-yr bear phase.

Kay: Infation is becoming major worry too.

Sri: Watever. Sooner or later RBI has to cut its rates.

Jog: Or else we wud be us forcing into slow growth.

Dax: But inflation affects us. Wat irony?

Sri: Hmmm. 1st we r poor. Go to mkt. Lose money

Kay: Ya. Den inflation high. We becum poorer.

Jog: Foreign brokerages are revising earnings estimates

Sri: How soon can you change! Just 3 months ago…

Kay: Wen a lot of –ve news is der, time to move up.

Dax: 6 core infra industries saw a downtrend in Jan.

Jog: Oh! But 7 per cent overall GDP growth is gud right?

Sri: Yes. 2mrrw lets see hw Asian mkts perform.

Dax: Credit Suisse to post bad results dis week.

Kay: Bank of America to provision $7 bn losses

Jog: All dis is takin a toll on my sentiment

Sri: Dats hw equity mkts are. U loss sumwhere.

Dax: And win elsewhere. Right or wrong? (logs off)

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Kum with inputs from Bad, Yog and Lee

Blog at http://MarketChat.blogspot.com