Tuesday, February 10, 2009

>Daily Technical Report (MARWADI FINANCIAL)

US market perform on flat. Asian market , Asian utility stock rise as oil drop. Yesterday we got the 7.1% GDP expectation from the government officials. So this indicate the good picture of Indian economy, even it is better to say that government gave the sunrise in the recession scenario so allover it is positive impact in the Indian markets. Again the government is considering the third stimulus package to the corporate to give
more growth specific environment as specially the export oriented industry. So keep watch on that sector specific movement.
On technical note today market looks open with positive bias with the range bound outlooks. Intraday trader it is to be advisable that in morning session wait and watch approach is necessary and after the conformation of the trend it is advisable to make fresh position. Again it is to be note that the technical correction is expected so making fresh position, caution approach should maintain.

Today sensex trade in the range of 9730-9455 And Nifty in the range of 2965-2880

To see full report: Technical report 10-02-2009