Friday, February 6, 2009

>Daily F&O Report (Marwadi Financial)

To see full Report: F&O Report 5-02-2009

>Daily Market Preview (Marwadi Financial)

* Asia is trading positive this morning on the back of smart recovery in the US
markets. Better monthly sales number by the Retailers, helped the US post a
smart positive close after the fall on the day before. Markets are reacting on
day-to-day news – but are not able to move out of the band in which the
benchmark indices are stuck. Risk aversion continues, breakout is still far.

* We believe that Indian markets will show some bounce in the opening
session however Nifty will have to surpass and trade above 2830 to sustain
its recovery. We advise to stay away from trading – ideally wait for a
breakout. PSU Banks, Pharma and Metal leaders look good but any buying
will test conviction .

To see full report: Market Preview 5-02-2009

>Daily Market Roundup (RELIGARE)

* Indian market is expected to open with a negative gap, bogged down by
the rush of negative sentiments in the global markets today. The US
markets ended lower on Wednesday, slumping on account of poor profit
forecast from Kraft foods. The Asian markets followed suit with most of the
Asian indices falling in the range of 0.5%-0.8%.

* The Feb Nifty 2700 Put and 2800 Call contracts attracted huge volumes on
Wednesday indicating the trading band of 2700-2800 for Nifty for the
month. The index option PCR stood at 1.07, indicating bearish stance.
Nifty Feb Fut closed at a discount of 21 pts versus 19 pts a day ago. Total
F&O turnover at Rs 32,068 crore versus Rs 40,066 crore in the previous

* Sensex gained 52 points to close at 9201 level which was 0.6% higher than
the previous day close. Nifty rose 0.62% higher than the previous day
close. of 2766 levels. . The market breadth remained negative with 545
stocks gaining as against 632 declining in the nifty.

* The mid and small cap segments have marginally fallen while the broader
indices posted gains on Wednesday. All the sectoral indices save the
Healthcare and Consumer durables ended higher, with Metal and Realty
leading the rally gaining between 1.2-3%.

* Markets were volatile on Wednesday but managed to end in the green
territory. Markets began the day on positive note taking favorable cues
from the US market and the Fed's decision to extend its program to extend
dollar to markets worldwide. But market could not sustain the momentum
for long and plunged in the final trading hour but closed above the
negative territory.

* Poor corporate result forecast is likely to keep the market sentiments
down. US auto sales plunge 37% to 26-year low in January according to
Autodata Corp. Indian WPI inflation is expected to lower this week as per
the forecast estimate of 5.21% for 12 months ended 24th Jan. This is likely
to provide some respite from the negative sentiments in the market.

To see full report: DMR 5-02-2009