The Hindu Business Line : Sensex may go up; watch out for big results

Everybody is worried how markets will react to the 0.5 per cent CRR hike. Inflation is a major worry. Sensex is up for last few days. Will it fall on Monday, thought Khan. Dakshinamoorthy had a different opinion. Proportion of short positions in F&O were smaller. Nifty would go up, at least. Jogin was thinking along the lines of gold. ETFs may be? Sridevi came in and sparked off a debate. Over to Market Chat…

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Jog: So wats ur point Sri?

Sri: Stks are the thing to be in nw.

Dax: But wat abt the CRR effect?

Kay: Dats da million dollar question!

Sri: See its nt dat negative. It ws expected.

Dax: But was 50bps expected? 25 bps may be

Kay: It will come down. Banking stks wll feel pressre

Sri: ICICI Bk, HDFC Bk ADRs up!

Kay: Sri, upsides will be capped.

Dax: Can der be a similar thing on Apr 29?

Kay: RBI policy meet. Unlikely.

Dax: Jog, any update on Orchid?

Sri: yes yes, Thursday it fell 12%!

Jog: Sum compromise. Profit-sharing wrked out

Dax: If u wr Rnbxy, wud u announce b4 an open offer?

Sri: Neva. Prices will go up then. No, nvr.

Kay: Sum nes on GM. Coal mine stake

Dax: Stk is surely headed up.

Jog: Boss, we cn short from Monday.

Sri: Is it why u r so bearish?

Jog: Na na. I worried abt PSU banks.

Dax: Big results dis week.

Kay: Yes. RIL, TCS, Satyam, Bharti, Axis Bank…

Jog: 3i Infotech, Ambuja Cements too

Dax: Wil wait, in case mkts go dwn aftr earnings.

Sri: U r thinking of disappointments?

Kay: Week will be volatile. Derivatives expiry.

Jog: New listing on Monday, Tuesday.

Dax: Titagarh Wagons and then Kiri Dyes.

Jog: Any idea on premiums on listing?

Sri: Premium for Titagarh, traders told me.

Jog: Dabur Pharma stk also headed up no?

Sri: Ya, read abt it. Premium for investors.

Dax: If u had it already. No chnce, otherwise.

Jog: Potential delisting candidate?

Dax: Lets c wat they say on Monday.

Sri: Jogin. Ur piks 4 week.

Jog: Tech frnd says BEML, Axis bk, Dish Tv

Kay: Long?

Jog: Ya. Shrt on Bmby Dyng, Cntrl Bk, Colgate

Sri: Any take on Sensex?

Jog: Sez both ways. Resistance at 16587

Dax: Thanks a ton man.

Sri: Any idea wat gud Monsoon may mean?

Kay: Ya. If it rains well, +ve for fertiliser cos.

Jog: Wats view on earnings as a whole?

Kay: Morgan Stnly says 23% grwth in net earnings

Dax: For all. Dnt think so.

Kay: For cos under their coverage.

Dax: Wow! Wat do they hv?

Sri: Find out 4 urself. Chk mutual fund potfolio.

Jog: Will do. Bbye. Happy investing (logs off)

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Kum with inputs from Yog, Bad and Lee

Blog at http://MarketChat.blogspot.com