Tuesday, February 17, 2009

Daily Technical Report (MARWADI FINANCIAL)

US market were closed, Asian market trading lower due to insurers capital is concern. Interim budget there is no positive sign to boost the economy and affected sector, and due to that events market slumps. Now one expectation is that RBI may be further considering the key policy rate cut to provide the further liquidity in the system, that provide some sort of relief to the market. Again the Fiscal deficit is very high so that is the cause of worry in coming times and we have to seen how this things is settle. It may chance to further depreciate the currency value also so it is the crucial things how government settle the deficit.

On technical note due weakness in the global financial market our market open with negative note and through the day will remain in the negative territory. Intraday trader have to wait for down side movement and conformation of the trend they have to make short position in intraday trading.

To see full report: Technical Report 17-02-2009

>Daily Market Preview (MARWADI FINANCIAL)

#The flat interim-budget presented by the acting FM yesterday was a jolt to
the market as it had higher expectations in this unconventional time. We feel
that projected revenue & fiscal deficit will further dampen the sentiment.
Markets are expected to trade weak in the morning session following the sell
off experienced yesterday coupled with weak Asian markets.

# We expect Nifty to test around 2800 levels in the near term and suggest wait
until market settle around 2750-2800 levels and then accumulate the sound
large and mid-cap companies. We advice to hedge portfolio by index option.

To see full report : Market Preview 17-02-2009

>India Strategy (MORGAN STANLEY)

India Strategy
Tracking Promoter Pledging:
What’s at Stake?

Impact on our views: The new SEBI regulations
require promoters/founders of companies to disclose the
amount of stock they have pledged. The following are
our observations:
Thus far, 293 companies have disclosed pledges on
their holdings.
At current market prices, the total value of pledged
stocks is US$6.8 billion.
This is about 1.1% of the current market cap of the
Assuming 50% margin, the bank credit to these
promoters at US$3.4 billion is 0.6% of outstanding bank

To see full report: India Strategy

>Telecom Insights (HSBC)


Bharti, Idea Cellular: Revenue market share gains continue

# Bharti’s and Idea’s pan-India revenue market share in Q3FY09
jumped by c60 basis points

# Contribution of “B” category circles on a pan-India basis
improved 60 basis points to 32.3%

# Maharashtra, UP (East), Orissa and West Bengal show the
highest revenue growth in the quarter; Bharti our top pick

To see full report: Telecom Insights