BHU Prof selected for Atlantic ocean discovery programme

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Varanasi, Jan 12 | Dr Komal Verma, assistant professor in the department of Geology, Banaras Hindu University (BHU) has been invited to participate in the prestigious International Ocean Discovery Programme (IODP) Expedition 397 in the Atlantic Ocean as a micropalaeontology, during October-December, 2022.

According to the BHU spokesperson, she will be representing India in this expedition and will be carrying out research onboard ‘JOIDES RESOLUTION’ along with international scientists from 17 countries including the UK, the US, Germany, Japan, China and others.

This international team will be exploring the potential of marine energy resources.

Her participation in this upcoming expedition will provide an unprecedented opportunity for advanced research and teaching in ocean science at international standards to the university and nation by the international collaborations with eminent shipboard scientists.

According to the spokesman, the laboratory of the department of Geology of BHU, working in the field of oceanography and micropalaeontology, is the centre for the study of global oceanic and climate change and its impact of this change on marine evolution and organisms.

Several programmes of IODP are going on here under the supervision of Prof Arun Deo Singh.

The selection of Dr Verma is a great honour not only for herself but also for the Banaras Hindu University, as IODP is the most prestigious and premier international organisation in the world directed towards advanced ocean research and technologically the most advanced research vessel, he added.

The participating scientists are selected from international groups of experts in marine sciences.

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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