Actor Sibi Sathyaraj urges people to get themselves vaccinated

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Chennai, Jan 14 | Actor Sibi Sathyaraj, who is the son of well-known actor Sathyaraj, on Friday urged people to get themselves vaccinated, pointing out that doing so would help keep the intensity of Covid down.

Taking to Instagram to express his Pongal greetings, the young actor posted a video clip in which he said, “It is sad to see Covid numbers rising during festival time. Because, when Covid is around, we won’t be able to celebrate carefree.

“The joy of a festival lies in the fact that we go and visit friends, relatives and exchange plesantries. However, with Covid around, we now have to maintain social distancing and wear masks.

“However, there is a silver lining. The small good thing about this entire exercise is that several doctors are now expressing the opinion that the intensity of the wave this time around is much less, thanks to the large number of those who have got themselves vaccinated twice.

“So, the point here is those who haven’t got themselves vaccinated, please get yourself vaccinated. Those who have taken one dose, take the second one. If you are eligible, please take the booster dose as well. The other good news is that the government has now approved vaccination for those in the age group of 15 to 18 years,” he said.

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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