Markets snap seven day losing streak; risk appetite remains weak

1. Markets snap seven day losing streak; risk appetite remains weak
Market Summary
26-Mar-2013
Indian equity indices snapped seven day losing streak amid lackluster trading ahead of Holi holiday and F&O expiry on
Thursday. Risk averseness persisted among traders on account of domestic political worries and renewed Eurozone
worries surfaced after Cyprus bailout plan. Sensex ended above 18700. Defensives led the gainers with CNX FMCG
(up 1.24%) topping the chart on NSE.
Among individual stocks, Reliance Infrastructure (down 6.1%) topped the losers on NSE. The stock has hit a new 52
week low on both the bourses.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1325 and 1480
respectively, while 143 scrips remained unmoved.
The S&P BSE Sensex ended at 18704.53, up 23.11 points or 0.12%. The 30 share index touched a high and a low of
18758.88 and 18612.37 respectively. 15 stocks advanced against 14 declining ones on the benchmark index.
The CNX Nifty gained 7.75 points or 0.14% to settle at 5641.60. The index touched high and low of 5655.30 and
5612.05 respectively. 26 stocks advanced against 24 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 6053.50 and lost 0.11% while S&P BSE Small-cap index jumped up by
0.04% to 5729.03.
The broader S&P BSE 500 index increased to 7012.77 (up 0.04%) and CNX 500 index rose to 4394.60 (up 0.10%).
The volatility as denoted by INDIA VIX lost 3.42% at 15.80 from its previous close of 16.36 on Monday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 1.59%), FMCG (up 1.13%) and Information Technology (up
0.45%) were the top gainers.
Oil & Gas (down 2.06%), Real Estate (down 1.95%) and Capital Goods (down 1.85%) were the top losers.
The Angels and the Devils
Bharti Airtel Ltd (up 2.98%), Housing Development Finance Corporation Ltd (up 2.17%), Hindustan Unilever Ltd (up
2.15%), Tata Motors Ltd (up 1.72%) and ITC Ltd (up 1.34%) were the top gainers on the Sensex.
Reliance Industries Ltd (down 3.25%), GAIL (India) Ltd (down 3.20%), Tata Steel Ltd (down 2.72%), Hero MotoCorp
Ltd (down 2.69%) and Larsen And Toubro Ltd (down 2.24%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (-55.70 points), Housing Development Finance Corporation Ltd (30.40 points), ITC Ltd (26.58
points), Larsen And Toubro Ltd (-20.22 points) and Bharti Airtel Ltd (13.60 points) were the major Sensex drivers
today.
On the other end Reliance Industries Ltd (-13.83 points), Housing Development Finance Corporation Ltd (7.91 points),
ITC Ltd (6.54 points), Larsen And Toubro Ltd (-4.81 points) and Hindustan Unilever Ltd (3.70 points) were the major
Nifty movers today.

2. Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5636 for next session. The next support is at 5617 and on upside it has a resistance at
5661 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
28-Mar-2013 5574 5593 5617 5636 5661 5680 5704 -
26-Mar-2013 5505 5565 5599 5659 5693 5753 5787 5641.60
25-Mar-2013 5565 5599 5625 5658 5685 5718 5744 5633.85
S&P BSE Sensex has a pivot at 18692 with first level of support and resistance at 18625 and 18771 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
28-Mar-2013 18478 18545 18625 18692 18771 18838 18918 -
26-Mar-2013 18278 18466 18574 18762 18870 19058 19165 18704.53
25-Mar-2013 18459 18564 18650 18755 18841 18945 19031 18681.42
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