Friday, February 20, 2009


# The stimulus measures taken in last few months seem to be working in
India as there have been some early sign of pick up in economic activity
both on rural as well as industrial side . But by no mean we can say that
it’s a bottoming out of economic slow down as there are still some
stress areas such as export, job markets and credit-flow.

# We believe that continued FII selling and down turn trend in overseas
markets will put pressure on Indian equities and market can still be in a
narrow range of 2700 -2840 with negative bias.

To see full report: Market Preview 20-02-2009