Beaten badly when the indices moved downhill during the week, Jogin fumbled at his PC for the market chat with Khan, Sridevi and Dakshinamoorthy. Get wise!
Jog: Who jammed the brakes when we were cruising
Kay: Okay, mood is a bit pessimistic, but too early to
comment on the market!
Dax: It'll open firm today. But many players will come to
sell on every rise.
Sri: Charts show weakness. FM okayed correction as
Kay: True, recovery was partial. I expect more downside,
say half of first fall.
Jog: FIIs inflows are on, and they're net buyers. I see
Sensex at 7,500!
Dax: You're a dreamer. Stay invested. Earnings season is
upon us. Await Infosys and TCS.
Kay: Numbers likely to be
strong, despite appreciating
rupee. Good billing rates in Q3
can rev up IT.
Sri: MTNL has an overhang of
weakness, since access deficit
charges are down from Feb 1.
Jog: I too feel weak like sick
public sector units that, even
after 100 per cent VRS, have no
Kay: But Jadavpur Varsity wants to buy National
Instruments. Net worth minus, but good labs!
Dax: Great. I'm watching mid-cap hotels. Good business
despite tsunami. Anybody, Tata Fin?
Sri: It'll open firm today, with merger effect. If you get it
in early trades, hold for a few days only.
Kay: Steel stocks should do well for medium term.
Expectation of good results. Pick Tata Steel.
Dax: Also, Essar and Jindal. I guess HDFC Bank and
Gujarat NRE Coke have robust results!
Jog: I wish I were also robust, with the help of some
pharma, such as Orchid and Cipla. Nicholas Piramal...
Sri: It's in consolidation phase now after stock split. Then,
the scrip can leap! Try leaping, Jog. :-)
Kay: No, he'll fall! Do you know that IOC and ONGC aren't
seeing eye-to-eye on cross-holdings?
Dax: Oh, that may have a negative rub off on them! :-(
Jog: In search of power, I see NTPC, seeing its plans to
enter the power transmission business!
Sri: Royal Airways stocks should continue its
upward move, I guess, any opinion?
Kay: You're right, in the wake of Jet Airways planning
IPO. However, fundamentals are weak.
Dax: Yes, take view on RA for a short term. If you're
already in, better to exit at Rs 50 levels.
Jog: "If the creator had a purpose in equipping us with a
neck, he surely meant us to stick it out," said Arthur
Koestler. And that's what I'm doing now!
Sri: Remember also what Will Rogers said about risk:
"Even if you are on the right track, you will get run over if
you just sit there." And that applies to your neck too! LOL
* * * * *
Lee, with inputs from Vir, Nat, Ray, Mad and Sve.
Send in your views to: Chat@TheHindu.co.in.