Khan kept thinking about Google's possible strategies in response to Gates' resolve. Sridevi called up her dad to wish, `Happy Father's Day'. Dakshinamoorthy sat studying the new investment rules that Japanese central banker was planning. But Jogin remembered to assemble them all for the market chat. Hop in!

Jog: Hi D-S-K! Relief rally likely to extend.

Kay: Though gains may not be significant.

Dax: "I commend your pains... share i' the gains."

Sri: Macbeth! Value buying in select large- and mid-caps.

Kay: To keep undertone firm. Change in direction unlikely.

Dax: Till minutes and action of next FOMC meeting.

Sri: Solid comeback has helped pare losses.

Kay: If doubts linger regarding the trend, safer to buy...

Jog: Index heavies. "Dangers, doubts, wringing... "

Sri: "... of the conscience," as in King Henry VIII.

Jog: Given the volatility, metals seem to be hero or villain.

Dax: Ended with gains during the last two sessions...

Sri: Traders are still wary about the upward move.

Kay: They say it's a pull back rally.

Dax: Markets certainly would be volatile. So...

Jog: Wait for clear signals before buying.

Sri: As of now, Nifty got a support at 2,868 levels.

Dax: But we have to see whether this level is maintained...

Jog: Or challenged in the coming trading sessions.

Kay: Ponni Sugar was up about 5% on June 12.

Sri: Pfizer, Asian Elec and Tata Coffee ended +ve that day.

Jog: Cement stocks could be in the limelight.

Dax: As industry environment remains favourable.

Kay: GE Shipping, Tata Steel, HLL, GSK and Sun Pharma...

Jog: Could find value buyers in the large-cap space, right?

Sri: Mining and metal stocks, could be under pressure.

Jog: China tightened liquidity. CRR hiked 50 basis points.

Kay: Jumping inflation is another cause for worry.

Sri: "To worry lambs and lap their gentle blood."

Dax: At 4.72% last week, could cross 5% this week, I fear.

Sri: As the effect of petrol/diesel prices get reflected?

Jog: ITC closed on Friday with a neat 4.8% gain.

Kay: Scaled as far up as Rs 163.20 on NSE.

Sri: Good stocks, not unlike good soldiers...

Jog: Are hard to keep down for long!

Dax: The cigarette company, which had a great run while the broad market was propelling ahead, now seems to be back in the reckoning.

Sri: Tata Tea closed last at Rs 665. Perhaps doing an ITC?

Kay: Rapid-fire ups and downs in blue chip counters too.

Jog: Relatively low volumes in Tata Tea? Scope for more?

Dax: After stock split, Siemens has shot up.

Sri: Construction stocks Hindustan Const and PBA Infra...

Jog: Ploughing their way back after being dumped.

Kay: Kale Consultants bagged £8 mn contract from BMI!

Dax: European airliner. 5-year. Good for the stock.

Sri: Bharti and Bajaj Auto have shown stronger resilience.

Jog: These are bearish days. Look at good stocks.

Kay: "If thou dost not hide thee from the bear."

Dax: As in King Henry VI! Watching UTI Bank.

Sri: At Rs 35, Ashok Leyland is back where it started!

Dax: Chance for value investors to accumulate?

Kay: Recent rise... Part of the bull market, perhaps?

Jog: "In a bull market, even a monkey can make money."

Sri: Did you, Jog? Bye!

* * *

Lee with inputs from Nat, Mad, Bad, The, Nil and Bij.

Blog at http://MarketChat.blogspot.com

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