Wednesday, February 18, 2009

>Daily Market Preview (MARWADI FINANCIAL)


# The global economy gloom is taking heavy toll on equities, as they
tumbled 3-4% yesterday. Sell off in Indian markets continued after
Monday debacle on recession worries. We believe that Indian
economy has inherent strength to bounce back faster than other
economies. However, there are concerns in the short term.

# We suggest to avoid trading as markets have broken key support
levels. We reiterate that markets are at accumulation level for long
term investment. Watch for crucial support level of 2700 on Nifty.

To see full report: Market Preview 18-02-2009