Friday, January 30, 2009

>Daily Market Preview (MARWADI FINANCIAL)

# The awful and sharp downward revision of world growth to 0.5% by the IMF casted
gloom once again on the global equities and the world market went for tailspin. We
expect Indian markets to open weak however the smooth settlement of January
series on Thursday gives indication that market have a strong base around 2700
level.
# We suggest to play safe as markets are still undergoing the deleveraging phase and
vulnerable to any negative. However buying large caps in small quantity at sharp
dips can be the trade for the day.

To see full report : Market Preview 30-01-2009

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