Daily Equity Report by www.epicresearch.co - 20th March 2013

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Indore, India (prHWY.com) March 20, 2013 - Indian Market
* Indian equity markets were down 1.53%
* Nifty down by 89.30 pts and settle at
5745.95
* Sensex down by 285.10 pts at 19008.10
* Bank Nifty down by 227.50 pts at
11508.00
Global Market
* European markets were down with FTSE
down by 22.02 closed at 6435 ,CAC down
by 35.38 closed at 3790 and DAX down
by 41.44 closed at 7969.
* Dow future was down 6.00 closed at
14384.00
Market Analysis
* Indian stocks fell for the third straight trading session today, 19 March 2013, as political worries caused by DMK's decision to withdraw support to the Congress led UPA government at the Centre, a statement from the Reserve Bank of India (RBI) that the headroom for further monetary easing remains quite limited and weakness in European shares hit sentiment adversely. The barometer index, the 30-share S&P BSE Sensex, regained the psychological 19,000 level after falling below that mark in intraday trade. The Sensex was provisionally down 278.90 points or 1.45%, up 74.83 points from the day's low and off 364.31 points from the day's high. The market breadth, indicating the overall health of the market, was weak.
* Metal stocks fell as LMEX, a gauge of six metals traded on the London Metal Exchange dropped 2.1% on Monday, 18 March 2013. Steel Authority of India (Sail) hit a 52-week low. National Aluminium Company also hit a 52-week low.
* S&P BSE Sensex was down 278.90 points or 1.45% to 19,014.30.
* CNX Nifty was down 90.60 points or 1.55% to 5,744.65.
* Among the 30-share Sensex pack, 25 stocks declined while rest of them gained.
* Jindal Steel & Power (down 3.96%), Hindalco Industries (down 2.1%), Sesa Goa (down 4.14%), JSW Steel (down 3.93%), Tata Steel (down 2.89%), Sterlite Industries (India) (down 3.79%), Hindustan Zinc (down 0.85%) edged lower.
HEADLINE
* Coal India down 2% on audit demand by
shareholder
* Visa Steel inks JV with SunCoke Energy,
stock rises 15%
* Glenmark slips 2% on recall of
anti-asthma drug in US
* Coal India down 2% on audit demand by
shareholder
STOCKS TO WATCH
* DLF
* BHARTI AIRTEL
* RANBAXY
* BIOCON
SCRIPS IN BAN PERIOD
* PUNJLLYOD
FACTORS TO WATCH
NIFTY
* Nifty looks Bearish
* Strategy: Sell on rise
* Support: 5700
* Resistance: 5800
BANK NIFTY
* Bank Nifty looks Bearish
* Strategy: Sell on rise
* Support: 11420
* Resistance: 11580

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. We provide services in equity, commodity and Forex market.

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