Daily Technical Report

Global market drop on recession is concern, Asian market drop due to Sony forecast deeps profit concern.
Yesterday we had seen the choppy trading day sue to Nero range movement. Again ht inflation figure rose
from the 5.24 to 5.60% so that is the matter of concern and now bankers also have to seen for key policy
rate is concern and for very short period of time we do not have a expectation of the further interest rate cut,
so again the banking, real estate and interest sensitive counters will come under pressure. Yesterday reliance
not posted good numbers and many corporate declare a pressure situation, today also many company
declare the third quarters performance so keep watch on that announcement.

To read full report: Daily Technical Report 23-01-2009