Tuesday, February 10, 2009

>Daily Market Preview (MARWADI FINANCIAL)

* Indian markets are expected to continue its gain after a great start on the
first day of the week on the expectation of the massive Bail-out package by
the US govt. Furthermore, couple of domestic factors like Interim Budget on
16th Feb and a third stimulus package is also adding to some positive mood.

* Yesterday Nifty has broken the crucial resistance of 2900 and we believe it could move 5-6 % further up from current level. We advise buying large caps
in FMCG, Oil and Metal space. However thin volumes being a concern, trades
must be initiated with strict stop loss.

To see full report: Market Preview 10-02-2009