Tuesday, February 24, 2009

>Daily Market Preview (MARWADI FINANCIAL)


#Mayhem continues and world markets are sinking with increased volatility (VIX at 50+). We believe that there can still be more pain in Indian markets too as these are times of adjustments in the deteriorating economic scenario and hence lower P/E band.

#We feel Nifty may see some short covering at around 2650 level which is expected to be short lived. We therefore suggest being on cash and selling Index on bounce to hedge the portfolio.

To see full report: Market Preview 24-02-2009