>Daily Market Preview (MARWADI FINANCIAL)

# After massive sell off last week equities seem still to be a riskier asset and so we expect de-leveraging to continue. In absence of any major trigger in short term, we feel that Indian markets will trade in narrow range with upside capped.

# We might see some technical bounce back on the back of short covering, but it will be hard to sustain its recovery. We suggest staying away from taking any fresh position.

To see full report: Market Preview 090309