Date:05/05/2008 URL: http://www.thehindubusinessline.com/2008/05/05/stories/2008050550720400.htm

Back Again a week of gains?

The RBI upped the CRR unexpectedly. The markets, perhaps, were more happy that the other rates were untouched. But for how long, that’s the questions which was troubling Daksinamoorthy. Khan was surprised with Fed funds rate cut again. Now there is only way no? Climb up! Unaffected by all the hullabaloo, Jogin and Sridevi were preparing to invest in the stock markets again. Are they doing the right thing? MarketChat could have some answers.

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Jog: 17600. Way to go! Jst waitin to invest

Kay: Next week? Won’t you wait a bit more?

Dax: Jog, all the rates hike will tk sumtime.

Kay: And yes, wait for sm triggers, at least

Dax: Inflation is near its 4 yr high. Ring nay bells?

Sri: So? China has such high inflatn. Dey r nt bothrd

Dax: They are a diffrnt league. At least wait for earnings

Kay: To finish? So dat everybody will mk money…

Sri: While evrbdy makes money in between? No chance

Kay: Jaiprakash Assoc and Rel Energy had a good week

Sri: I hav Hindalco n Tata Stl in my portfolio. Bad week!

Dax: Where are the volumes to show? Wake up guys…

Sri: They wil cum. I can see Snsx going up on Monday

Jog: Yes baby. Only up nw. I m so sick of bears!

Dax: U guys r confused with a rally in a bear mkt.

Sri: Lemme correct u boss! Da correction is over

Kay: I see 8-10% upside frm here. Confidence is back

Dax: Dis is earnings based. More than half aint out yet

Kay: I wud wait. Profit booking is round da corner guys!

Dax: Jog wat do technicals say?

Sri: Can we buy banks nw?

Jog: Sri dis 4 u. Frend says Allahabad Bk n ICICI r buys

Kay: Sells? Wat r sells? Aint there more sells?

Jog: Nt much! Sez ACC n Jindal Saw r sells.

Kay: Wats view on Nifty???

Jog: Immediate key resistance at 5300

Dax: Wat abt support? I think mkts willl go dwn

Sri: Shut up! Wats the nxt resistance after 5300

Jog: Nxt resistance is at 5368. Spprt@5195

Dax: Growth numbers have slowed.

Sri: Corporate results have been good.

Kay: Margins are same tho. Lets see more to cum

Dax: Inflation remains the biggest concern!

Sri: Yes. 7.57%. But I am sure it will cum dwn

Jog: Ya. Sectorwise: Realty stks look gr8.

Dax: Dnt go by PE always. Look at overall mkt first

Kay: DLF, Unitech ae below 15 on fwd basis.

Jog: Yes, dats why.

Dax: Any views on M&M’s Rs 7 bn fund raising?

Sri: Mkts may like it. Wat were its March sales nos?

Jog: Better to focus on April nos. Might buy Maruti.

Kay: Watever! Dnt go ahead wid shopping list.

Dax: yes, its nt safe. We aint out of woods yet.

Jog: We will see. Global factors seem out

Sri: So does local concerns. We are optimistic.

Kay: Again a week of gains ?

Sri: Yes, obviously.

Dax: Nothing obvious abt it. Bbye (logs off)

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Kum with inputs from Bad and Lee

Blog at http://MarketChat.blogspot.com