>Market Preview (MARWADI FINANCIAL)

Daily Market Preview

# The sharp intra-day recovery on Friday despite negative global cues indicates

a positive attitude to buying equities that is likely to develop on the back of

improving macroeconomics. Q3FY09 results while being poor in comparison

to FY08 did not signal any severe corporate distress, as expected.

# We therefore believe there could be some merit in small buying for the near

term as bear market rally could continue upto 3000 levels. We could see some

action in reality stocks as SBI announce one of the steepest rate cut in recent

times.

To see full report: Market Preview 2-02-2009