>Daily Technical Report (MARWADI FINANCIAL)

TECHNICAL REPORT

Wall street closed on flat, Asian market falls led by banks on capital concern. Last Friday we saw some sort of short covering from oversold territory. Again the inflation is at lower levels, is a good sign to Indian economy. Now onwards we have to seen the effects of the stimulus major and how effectively implement is a matter of concern. Macro economic picture is also played an important role for further market direction.

On Technical note market looks today open with marginal negative note and after negative opening it will take volatile mode. We continue to recommend to trade with caution approach, intraday trader have to wait in morning session and after conformation of the trend make fresh position.

Today Sensex trade in the range of 8485-8185 And Nifty in the range of 2670-2580

To see full report: Technical Report 090309