The Hindu Business Line : `Don't despair, not even that you don't despair'

Still dazed by too much partying to celebrate the arrival of 2005, Jogin manages to crawl to his laptop for the weekly market chat with Khan, Sridevi and Dakshinamoorthy. Stand by!

Jog: Naya Saal Mubarak, everybody! After the all-time

high, I see 7000!

Kay: That can happen by Jan end or before Budget. Over

all mood is bullish.

Dax: But I fear that some selling from Jan 10 can take

away 300-400 points.

Sri: You mean, just before major companies announce

results! Tsunami?

Kay: No, Sri, that was awful; don't remind me about it.

Too much to bear!

Dax: Over the past few years, Jan has seen hefty FII

flows. Right?

Kay: If the trend plays out, we'll have a fourth month of

sizeable FII inflows. Equities can rise further.

Sri: You may be right because chart patterns show

continuation of upward trend.

Jog: A 40 to 50 point rise in Nifty

likely. Also, F&O pointers

indicate bullish undertone. :-)

Dax: Orchid could buzz contin

uing the buoyancy of Friday.

Sri: When two friends

understand each other totally,

words are soft and strong like

orchid's perfume!

Kay: Wah, Sri! Okay, anybody

watching Glenmark, HBL

Nife Power and Motherson Sumi?

Jog: They're likely to show further gains. Bonus

announcements are imminent this week. :-)

Sri: Megasoft stock can see action. Last week a leading

market player entered the game!

Dax: Price increase in long products announced by SAIL

can lead to firm undertone.

Kay: That's right, Tata Steel may also be marked up.

Banks, koi?

Sri: Aren't you watching bank stocks? They're set to

extend gains.

Jog: Yes, I'm watching Bank of Baroda, Syndicate Bank

and UCO Bank.

Dax: Stocks of old private sector banks and associates of

SBI may also merit a close look.

Sri: Banking sector will remain strong next week. As Dax

says, old private sector banks might do better among the

overall sector. The `next generation' private bank IDBI

should gain.

Kay: Possible. The bank is likely to come out with rights

issue soon at a very low premium. JMO

Jog: Healthy growth numbers could lift Bajaj Auto and

TVS Motor. Vroom! Some sugar, please.

Dax: Having chai? Rising sugar prices may rev up

Bannari Amman and Andhra Sugars.

Sri: Also, Balrampur and Bajaj Hindustan. Major action

next week is likely to be in sugar stocks.

Jog: I can buy any profit-making sugar company and

expect decent return! Yes, EID Parry!

Kay: Gujarat Sidhee Cement and Prism may be in the

limelight as potential takeover targets.

Dax: Oh, that explains why both stocks traded with

massive volumes last week.

Sri: Usha Martin can be a value buy. Strides Arco Lab has

good financials; worth investment.

Kay: Market is extremely bullish. Be cautious, as it is

running up without any breather!

Sri: "The year of mourning was over, the birds' wings

were limp," wrote Franz Kafka.

Jog: Sri, I like his other quote: "Don't despair, not even

over the fact that you don't despair!"

* * * * *

Lee, with inputs from Vir, Nat, Ray, Mad and Sve.

Send in your views to: Chat@TheHindu.co.in.

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