Indian stock markets ended lower for the sixth consecutive session, with the Nifty closing just above 5650. Several public sector companies saw declines, including SAIL, BHPV, MMTC and NHPC. Dish TV rose on news of price increases. Overall, selling pressure was seen across sectors such as consumer durables and real estate, though power, metals and capital goods saw some gains. Key levels of support and resistance are identified for the indexes.

1. Bears control markets for sixth straight session; Nifty @ 5650 levels
Market Summary
22-Mar-2013
Indian benchmarks ended in red for sixth straight session hitting their respective CY2013 lows. Sluggish global cues
due to Cyprus bailout concerns and lack of positive domestic cues triggered another bear party. Nifty somehow
managed to stay above 5650 at the close.
A lot of PSUs were seen under action today. Steel Authority of India (SAIL) has hit fresh 52 week low again at Rs 63.10
and ended 0.78% down on BSE on account of its Offer for Sale (OFS) issue today. The floor price was fixed at Rs 63
per share for the OFS yesterday after market hours. (News)
Union Cabinet gave nod to merger of Bharat Heavy Plate and Vessels (BHPV) Vishakhapatnam with Bharat Heavy
Electricals (BHEL). The stock closed 0.11% up after hitting fresh 52 week low at Rs 178 on BSE. (News)
Another PSU, MMTC was locked at a lower circuit of 5% and made fresh 52 week low at Rs 228.25 on BSE. The
stock crashed 28% in last eight consecutive sessions ahead of likely OFS in April.
NHPC plunged 6.44% on BSE on allegations of corruption and irregularities in projects in 19 cases.
Dish TV jumped 4.67% on BSE on the reports of increasing pack prices by 10% w.e.f. April 4, 2013.
Tribhovandas Bhimji Zaveri (TBZ) tumbled 11.57% on BSE after HSBC offloaded 1.91% stake from the company
through a bulk deal. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1021 and 1920
respectively, while 122 scrips remained unmoved.
The S&P BSE Sensex ended at 18735.60, down 57.27 points or 0.30%. The 30 share index touched a high and a
low of 18859.82 and 18669.20 respectively. 12 stocks advanced against 18 declining ones on the benchmark index.
The CNX Nifty lost 7.40 points or 0.13% to settle at 5651.35. The index touched high and low of 5691.45 and 5631.80
respectively. 23 stocks advanced against 27 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 6079.79 and lost 0.26% while S&P BSE Small-cap index hammered
down by 0.96% to 5772.93.
The broader S&P BSE 500 index decreased to 7031.75 (down 0.24%) and CNX 500 index declined to 4404.50 (down
0.20%).
The volatility as denoted by INDIA VIX lost 5.88% at 15.54 from its previous close of 16.51 on Thursday.
Sectors in action
On the BSE Sectorial front, Power (up 0.27%), Metals (up 0.15%) and Capital Goods (up 0.12%) were the top gainers.
Consumer Durables (down 2.06%), Real Estate (down 1.31%) and Information Technology (down 0.82%) were the top
losers.
The Angels and the Devils
Bajaj Auto Ltd (up 3.85%), Jindal Steel and Power Ltd (up 3.11%), Hindalco Industries Ltd (up 1.64%), Hero MotoCorp
Ltd (up 1.52%) and Tata Power Company Ltd (up 1.43%) were the top gainers on the Sensex.
State Bank of India (down 1.71%), Tata Steel Ltd (down 1.68%), Sun Pharmaceutical Industries Ltd (down 1.42%),
Bharti Airtel Ltd (down 1.28%) and Tata Consultancy Services Ltd (down 1.27%) were the top losers on the Sensex.
Benchmark Drivers
Tata Consultancy Services Ltd (-13.87 points), State Bank of India (-12.99 points), Bajaj Auto Ltd (11.63 points), ICICI
Bank (-9.33 points) and Infosys Ltd (-9.24 points) were the major Sensex drivers today.

2. On the other end State Bank of India (-3.22 points), Tata Consultancy Services Ltd (-3.14 points), Bajaj Auto Ltd (2.84
points), IDFC Ltd (2.55 points) and ICICI Bank (-2.42 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5658 for next session. The next support is at 5625 and on upside it has a resistance at
5685 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
25-Mar-2013 5565 5599 5625 5658 5685 5718 5744 -
22-Mar-2013 5509 5578 5619 5688 5728 5798 5838 5651.35
21-Mar-2013 5606 5644 5669 5707 5732 5770 5795 5658.75
S&P BSE Sensex has a pivot at 18755 with first level of support and resistance at 18650 and 18841 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
25-Mar-2013 18459 18564 18650 18755 18841 18945 19031 -
22-Mar-2013 18347 18552 18672 18877 18998 19203 19324 18735.60
21-Mar-2013 18613 18725 18805 18916 18996 19108 19187 18792.87
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