Friday, February 27, 2009

>Daily Market Preview (MARWADI FINANCIAL)


* The Indian Federal Government seems to be at full action (through interim policies) to revive the economy. The sops and incent ives announced in the past few days for the industry as well consumer will definitely have positive impact in times to come. It would be crucial to watch quarterly GDP numbers during the day.

* We expect market to hold on its gain on the back of smooth rollover and short covering witness on the settlement day. However 2800-2820 will be crucial resistance for the market. We are positive on Auto, Cap-goods and FMCG sectors.

To see full report: Market Preview 27-02-2009