Big B: Even though conditions on Covid may decline please do not be lax

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Mumbai, June 8 | Amitabh Bachchan has reminded netizens that they should not be lax about Covid protocols even if restrictions are being eased.

“Even though conditions on CoviD, in some locations may be seeing a decline .. PLEASE DO NOT be lax .. keep the protocol .. Wash hands, wear masks, keep the distance, control travel to the very essentials, and follow the time limits .. and get VACCINATED,” Amitabh Bachchan tweeted on Tuesday.

A day before, Big B blogged about the subject, too. “Keep safe .. do not feel that the relaxation of the conditions means that all is clear .. NO .. far from it .. we must continue to take all the necessary precautions .. wash hands , wear the mask keep the distance .. if work is permitted get the vaccinations, but be in precaution .. obey the directions given by the medical fraternity,” Bachchan mentioned in a blog post late on Monday.

“The front line warriors stand steadfast and strong .. the voluntary services having stepped forward are bringing succour to the needy .. each individual realising their duty to do , have all been put to good use , and a graph that looked deserted and in remorse, now begins to show a glowing light — albeit distant,” he further wrote.

The veteran actor also shared his prayers for those who are suffering.

He wrote: “Yes for those that suffer and have suffered our prayers are relentless .. the loss is immeasurable and beyond repair .. and the concern for them shall continue in whatever way we can. We are a caring society .. we shall prevail .. so help me God.”

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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