Thursday, February 12, 2009

>Daily Market Preview (MARWADI FINANCIAL)

* We expect markets to hold on to its gain as Indian equities are showing
resilience and price recovery is very much in place. Lower inflation and
positive expectation from the third stimulus package could provide further
direction to the local indices. However IIP numbers due to high base effect
could partially dampen the overall sentiments.

* While Asian markets are trading weak India is likely to open lower however
we see strong support around 2800 level. We advise buying large caps in
Capital Goods, Infrastructure, Construction, Oil and Banking sectors.

To see full report: Market Preview 12-02-2009

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