Daily Equity Report by www.epicresearch.co - 22nd February 2013

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 ,mcx gold tips

indore, India (prHWY.com) February 22, 2013 - Indian Market
* Indian equity markets were down 1.53%
* Nifty down by 90.80 pts and settle at
5852.25
* Sensex down by 317.39 pts at 19325.36
* Bank Nifty down by 348.70 pts at
12064.00
Global Market
* European markets were down with FTSE down by 113.45 closed at 6281 CACdown by 70.00 closed at 3639 and DAX down by 149.43 closed at 7579.
* Dow future was down 52.00 closed at
13837.00
Market Analysis
* Key benchmark indices slumped to fresh intraday low in late trade as stocks fell across the globe after minutes from the US Federal Reserve released on Wednesday, 20 February 2013, stoked concerns that policy makers could pull back on their massive quantitative-easing program as the US central bank said that it would review the program in March 2013. The Fed's asset purchases, known more popularly as quantitative easing (QE), are regarded as a key source of global liquidity that helps support an array of assets, including equities
* BSE Sensex was down 322 points or 1.64% to 19,320.74.
* CNX Nifty was down 95.30 points or 1.6% to 5,847.75
* 29 shares from the 30-share Sensex pack declined.
* Index heavyweight Reliance Industries (RIL) lost 2.55% to Rs 853.05. Shares of TCS reversed direction after striking record high. HCL Technologies reversed direction after hitting a 52-week high. Telecom stocks were mixed. Index heavyweight and cigarette maker ITC dropped after the Gujarat state government increased the VAT on cigarettes to 30% from 25% in the state government's FY 2014 budget presented on Wednesday, 20 February 2013. Metal shares declined as global commodity prices fell. Sterlite Industries (India) (down 3.43%), Jindal Steel & Power (down 4.36%), Tata Steel (down 4.28%), Hindalco Industries (down 3.67%), JSW Steel (down 5.01%), Hindustan Zinc (down 3.18%), Sail (down 3.8%) and National Aluminium Company (down 1.51%), edged lower.
HEADLINE
* See no change in auto excise structure
in Budget: Hero Moto
* Dr Reddy's hopes to keep margins,
despite high R&D cost
* Hotel Leela surges 15% on sale of IT
park building
* We should be able realise good part of
Rs 1700cr: SBI
STOCKS TO WATCH
* PUNJ LLYOD
* RELIANCE POWER
* WOCKHARDT
* GAIL
SCRIPS IN BAN PERIOD
* HDIL
* PUNJLYOD
* SUZLON
* RENUKA
FACTORS TO WATCH
NIFTY
* Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 5800
* Resistance: 5900
BANK NIFTY
* Bank Nifty looks Consolidate
* Strategy: Sell on rise
* Support: 12000
* Resistance: 12120
UPCOMING RESULTS
* KSB PUMPS
* RATHI STEEL
* VERTEX SPINNING





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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