Another rainstorm expected to hit Canada’s British Columbia

45

Ottawa, Nov 22 | A second “atmospheric river” rainstorm is expected to hit Canada’s still-flooded province of British Columbia, according to Environment Canada.

The rainstorm will dump up to 100 millimetres of rain on some areas, and flash flooding and water pooling are possible, along with localized flooding in lower-lying areas, Xinhua news agency reported.

Environment Canada also warned of heavy snow in inland parts of the province on Sunday, saying that the snow could change to heavy rain as the temperature rises.

Some 20-30 centimetre snow has already fallen since Saturday and more snow is expected on Sunday before strong, warm winds from the south begin to melt that snow.

The British Columbia government called on its residents on Sunday to get prepared for heavy rain and strong winds.

The government declared a state of emergency last Wednesday due to floods and mudslides caused by the first “atmospheric river” rainstorm which lasted a few days. At least four people died in one of the multiple mudslides.

Atmospheric rivers are long, high plumes of moisture-laden air that can bring hours- or days-long rainfall of varying intensity to the west coast of North America.

Source: IANS

Next Story

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

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here