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.

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(This article was published in the Business Line print edition dated January 10, 2005)
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