Tuesday, February 17, 2009

>Daily Market Preview (MARWADI FINANCIAL)

#The flat interim-budget presented by the acting FM yesterday was a jolt to
the market as it had higher expectations in this unconventional time. We feel
that projected revenue & fiscal deficit will further dampen the sentiment.
Markets are expected to trade weak in the morning session following the sell
off experienced yesterday coupled with weak Asian markets.

# We expect Nifty to test around 2800 levels in the near term and suggest wait
until market settle around 2750-2800 levels and then accumulate the sound
large and mid-cap companies. We advice to hedge portfolio by index option.

To see full report : Market Preview 17-02-2009