Sridevi donned a Shibu mask - the newest toy that her kid brother bought from the market - even as she flicked her PC on to chat about markets with Khan, Jogin and Dakshinamoorthy. Catch up!
Sri: This week is crucial. Sensex will cross 7K or it will
come below 6800!
Jog: Below 6800 looks more likely. :-| Mid-cap and small
cap moved sharply.
Kay: So, instead of sitting on profits, better to book some. Samjhe!
Dax: Indices reversed direction at an important
resistance level. Outlook weak.
Jog: Nifty may find support at 2130. But it can move
Sri: Indices may move irregularly in the near term. Bulls
vs Bears, no winners.
Kay: So, watch for sharp volatility next few days. Bank
stocks should continue to remain
Jog: Especially the IPO-wallahs.
Jet Airways listing today. Likely
to open at a premium of Rs 200.
Dax: Better sell Jet and buy
Taneja Aerospace, which is
into manufacturing aircrafts.
Flying is risky!
Kay: I was thinking of moving
out of Royal Airways and getting
into Jet! Oh, Fear of Flying!
Sri: VSNL looks weak as TRAI has slashed global leased
line circuit rates. Permanent Magnet?
Jog: Like you, Sri? It gained more than 100 per cent last
one month. Buzzing on real estate circuit!
Kay: But this business is still loss. So, better avoid this
stock or sell it if you are holding it. Seven...
Dax: You mean, Suven Life Sciences? Good financials.
Active counter. Investment buy! Zensar, koi?
Sri: Yes, it recently partnered with Japan's Nomura
Research to launch migration software solution.
Kay: Helps its bottom line. Price jumped from Rs 206 to
Rs 225 on Friday. Steadily up from Rs 165!
Dax: There're showbiz software companies that have not
developed anything for over seven years!
Sri: I may put reliance on Reliance after the news of it
getting exploration rights for a block in Oman.
Jog: Tea and textile, you can tee off! Watch also Premier
Auto, Shriram Transport and Shriram Investments. Plus,
Punjab Alkalies and Prakash Industries. Ballarpur Ind
Kay: Thirumalai Chemicals, solid performance last
quarter but failed to get attraction. What's 1+1?
Sri: You know ITI? Hails from Nehru's days. Got a recast
package. Stock is nudging past Rs 33.
Jog: After being in the Rs 24-28 range for long! A Thai
company is placing orders on ITI. Cool!
Dax: Oil Country Tubular is suddenly up. Accumulated in
sub-Rs 27 region. IDBI has 11% stake.
Kay: Electrosteel Castings capital base increasing? Like
steel, don't lose your temper! I know a doc...
Jog: The one who suffered a heart attack mistaking the
ECG for share price graph? How sad!
Sri: I recommend we give a disclaimer that we don't claim
to be giving recommendations.
Dax: More money has been lost by reaching for higher
yield than at gunpoint. Boom!
Jog: "A certain naïveté, unburdened by conventional
wisdom, can sometimes be a positive asset."
Kay: That's Harish-Chandra! "Distrust and caution are
the parents of security," said Ben Franklin.
Sri: "Action makes more fortune than caution," as
Charlotte Whitton cautioned. Yet, take care! :-)
* * * * *
Lee, with inputs from Vir, Nat, Mad, Nil, Ray and Sve.
Send in your views to: Chat@TheHindu.co.in.