Academy, reeling from ‘slapgate’, sets March 12, 2023, as next Oscar date

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Los Angeles, May 14 | The 95th Oscars will be held on March 12, 2023, the Academy of Motion Picture Arts and Sciences and the American television network ABC announced on Friday (US Pacific Time), reports ‘Variety’.

The ceremony will mark the second year in a row that the Academy Awards have taken place in March, with this past year’s edition, which returned to a live format after two years, occurring on March 27. The 95th Oscars will be aired live on ABC in more than 200 territories worldwide from the Dolby Theatre in Hollywood.

The submission deadline for general entry categories for the 2023 Oscars is November 15. Preliminary voting will begin on December 12 and the shortlists will be announced on December 21. The eligibility period will end on December 31, and the voting for nominations will take place between January 12 and January 17, 2023.

The nominations will be announced on January 24, 2023, with final voting taking place between March 2 and March 7 next year.

Hollywood, as ‘Variety’ put it, is still reeling from the 2022 Oscars, which may have been the most controversial to date in the light of Will Smith infamously slapping Chris Rock on stage and then, just moments later, winning the Best Actor trophy for his part in the biopic ‘King Richard’.

The Will Packer-produced show also came under fire before the ceremony for its decision to pre-record eight artisan categories and include a “fan favourite” prize that was voted on via Twitter.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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