>Daily Market Preview (MARWADI FINANCIAL)

# The Global concerns and Gloom at Davos summit was good enough to push
Indian markets down by 3% on first day of the week . The spiral effect of US
slowdown is taking toll everywhere as it was reflected in the Exports data(down 1.1%) released yesterday. However Domestic Auto Sales Volume was
encouraging and showing some sign of consumer demand pick up.

# We therefore recommend playing pure Domestic demand stories where
margin of safety is higher. We suggest buying on dips with strict stop loss of
2750 on Nifty and portfolio must be hedged with puts at these times.

To see full report: Market Preview 3-02-2009