Air quality in Delhi improves to ‘good’ after rains

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New Delhi, Jan 10 | Continuous rains since Friday night have brought Delhi’s Air Quality Index (AQI) to a “good” category of 77, System of Air Quality and Weather Forecasting And Research’s (SAFAR) showed Monday morning.

The level of both PM 2.5 and PM 10 pollutants at 10 a. m. stood in the “good” category of 46 and 63, respectively.

An AQI between zero and 50 is considered “good”, 51 and 100 “satisfactory”, 101 and 200 “moderate”, 201 and 300 “poor”, 301 and 400 “very poor”, then 401 and between 500 is considered “severe.”

According to the air quality and weather bulletin, the air quality over Delhi-NCT is likely to deteriorate marginally but remain in the “moderate to poor category” on January 11. The winds are likely to be relatively slow and thereby low ventilation causing the air quality to deteriorate.

The air quality is likely to remain in the “poor” category on January 12. “The predominant surface wind is likely to remain calm during morning/day time but likely to be coming from the northwest direction of Delhi with wind speed upto 04 kmph during evening/night, mainly clear sky and moderate fog in the morning on January 11. The predominant surface wind is likely to be coming from the northwest direction of Delhi with wind speed upto 04 kmph, mainly clear sky and moderate fog in the morning on January 12,” it added.

The air quality is likely to remain largely in the “poor” to the lower end of the “very poor” category for the five subsequent days.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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