Monday, March 16, 2009

>Daily Market Preview (MARWADI FINANCIAL)

● Strong market upmoves (close to 6%) in the last 2 days in domestic indices indicate that March may not see the much feared extreme distress and new lows. The F & O internals also suggest the underlying support for the market at the 2500 Nifty level.

● We feel Nifty in the near term could see further gains upto 5%. Robust market trajectory that has sustained for the last couple of days globally emboldens us to recommend a positive look at stocks. We advice to hunt for bargains and invest currently 20-25% of your investible corpus.

To see full report: MARKET PREVIEW 16-03-09