Mumbai, June 16 | Singer Armaan Malik took to social media on Wednesday to share a special wish for his elder brother, singer-composer Amaal Mallik, on his birthday.
Sharing a few stills together with his brother, Armaan wrote: “Tedha hai par mera hai. Happy birthday to my mad genius big bro! Whatever I am today is because of you, I love you beyond measure mochakiss @amaal_mallik.”
A day before his birthday, Amaal shared a note on social media requesting singers who make covers or mashups to give due credit to composers and lyricists.
Amal wrote on Instagram: “I see a lotta singers (mostly the upcoming lot and the ones on reality shows) doing covers and mashups of songs without due credit. I have a sincere request. Please credit the original composers and lyricists, not just the singer.”
“With due respect to the singers: A song is a team effort and crediting just the vocalist or just one person is not right. On top of that not mentioning the creators (authors) is downright unethical. No one is dying for your credit but it is just the right thing to do,” he added.
“This was something that used to happen on radio stations too but I think they have changed their ways now (hopefully),” he further wrote.
The Indian market recovered with modest gain against the resilient global cues. Throughout the week, Sensex traded in a narrow range following an uneven move. Sensex ended at 54884.66 gaining 558 points or 1.03 percent while Nifty settled at 16352.45 with 86 points or 0.53 percent on a weekly basis. While Banknifty ended at 35613.30 levels with strong bounce with an upside of 3.90 percent in a week.
INDIA VIX has cooled off during the week with 7.01 percent and has settled at 21.48 levels. Investors and traders may watch out key events such as the RBI meet in the second week as well as the US Fed meeting likely to be on 14-15 June for monthly expiry. As corporate results are likely to end soon stocks would expect less volatility in upcoming days. In Nifty stocks, HDFCLIFE gained 9.61 percent while DIVISLAB shed 18.41 percent in a week. Sectorally Nifty Finance saw the highest gains of 4.32 percent followed by the Nifty Auto with 3.26 percent. On the flip side Nifty Pharma, Energy, Realty and PSE lose more than 3 percent each on a weekly basis. However Midcap gained 0.77 percent while Smal lcap dropped by 3.42 percent.
Technically, Nifty has formed a bullish candle on the weekly chart with a long tail suggesting strong support around 15900 levels, while on the upside 16800 may act as strong resistance. Index has taken support from the previous horizontal line & closed above 21-days Simple Moving Averages that indicates further pullback rally in the near term.
Indicators such as RSI remained in the neutral zone while MACD suggest some positive cross over observed in daily time frame suggest some sign of reversal. Coming to the OI Data, on the call side the highest OI witnessed was 16500 followed by 16800 strike prices while on the put side, the highest OI was at 16000 strike price. Overall, Nifty is having support at 16000 mark while on the upside 16500 followed by 16750 may act as an immediate resistance. While Bank nifty has support around 34300 while resistance is placed at 36800 on weekly chart.
Souce: Choice India