Financial Daily from THE HINDU group of publications
Monday, May 23, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Home Page - Stock Markets
Markets - Stock Markets


These are most brisk and giddy-paced times

Sridevi couldn’t agree with a recent finding of Merrill Lynch that women are less knowledgeable about financial markets than men. Khan read with interest SEBI’s latest communiqués, and Jogin watched dubbed movies. Till Dakshinamoorthy called the chat to order. Log on, fast!

Dax: Hi, overall mood promising to sway in a narrow range this week?

Kay: Chart patterns suggest that any upward move from hereon would only be a relief rally. I expect weakness to set in thereafter.

Jog: I see some upward movement to happen in the first 2-3 days.

Sri : Due to the expiry of derivatives contracts on Thursday? :-|

Kay: Correct! So, expect some upward movement on Mon and Tue.

Jog: Markets may see a bout of volatility, then. But the next movement of market will be decided only after the rollover of derivatives contract.

Sri : Though Nifty bounced toward the closing session on Friday, I expect short-term outlook to be slightly bearish. May not fall too steep.

Dax: Support at 1961 levels, JMO. If it does not move downward as expected, on the upside 1945 is quite possible.

Sri : Reliance may be steady as the Ambanis are in ‘settlement’ mode?

Dax: And our FM seems to be lending a ear to each of the bhais!

Jog: With Maharashtra defined as a single circle for mobile operators…

Kay: MTNL may see weakness. Further fall in mobile tariffs expected.

Sri : I see weakness in Divi’s as FY05 earnings don’t compare favourably with previous year’s numbers. “Eternal numbers to outlive long date.”

Jog: The Bard’s sonnet! Pricol and Deepak Fertilisers may rule firm on the back of a strong financial performance in the just-concluded fiscal.

Dax: My picks for the week are Ador Fontech, Grauer & Weil, and Rolta!

Kay: Heard Visakha Industries and SAK Software are good for delivery.

Sri : Look at Petronet LNG and Vardhaman Spinning. Money to weave!

Jog: I was checking what happened to stocks that we mentioned last week. Sabero clocked 9.88 per cent gain on Monday! SRF got 6.2, Lloyd Elect 5, and Simplex Cast 4.91 per cent. Hanil wasn’t far behind, with 4.88; and so was Narmada with a 4.56 gain.

Dax: IVRCL gained 3.3 per cent, and Trent booked a 1.29 per cent plus.

Jog: Kalindee Rail looks good. It makes traffic signals for Railways.

Dax: Bright signal for the future? What about Archies Greeting?

Kay: It moved up last week. It can turn out to be a big retail story. ;-)

Sri : Management decided to focus on retail and has good outlets.

Dax: They want to increase the retail outlets and focus beyond greeting cards. Shall I say send you all an e-invite for an e-dinner? :-)

Kay: You kanjoos! Multi-Arc has moved very fast last one week.

Sri : Let me advise those holding it to exit the stock. “Exit, and vanish!”

Dax: Rights issue proposal was the main factor for the stock to move up.

Kay: No other good portents from there. What about Shaw Wallace?

Jog: The stock has come down after the open offer was over.

Sri : But McDowell stock is moving up! Better to buy McDowell at the moment? “Find this grand liquor that hath gilded ‘em?”

Dax: Yes, and wait for Shaw Wallace to fall before taking long positions.

Jog: “How camest thou in this pickle?” to continue with The Tempest!

Kay: Take care. These are “most brisk and giddy-paced times”!

Sri : Twelfth Night! You’re “a careful man and a great scholar”. Bye! :-)

**

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

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

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Textile industry fears dumping from China


AI board okays plan to set up engg base in Delhi
Are food chains awaiting retail FDI to set up shop?
PM promises `bold' policy initiatives to boost growth
Coalition politics delaying reforms
Vaccine prices go up in some States post-VAT
Software cos grow faster in Europe
These are most brisk and giddy-paced times


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line