Chitkara University Alumnus Awarded DAAD Prize 2021

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Shipra Dureja, alumnus of Chitkara University, was awarded the DAAD Award 2021 for excellence in academics. The prize is awarded by the German Academic Exchange Service (DAAD) annually by the University of Magdeburg, Germany, to foreign students.Shipra Dureja with Dr. Madhu Chitkara, Pro Chancellor, Chitkara UniversitySince 1997, the DAAD Prize has been awarded to a student from the University of Magdeburg with special academic achievements and exceptional volunteer works.Shipra Dureja completed her Computer Science Engineering from Chitkara University in 2016. After being placed from campus, she worked as a Senior Development Engineer for three years.She began her Master’s Degree in “Data and Knowledge Engineering” at the University of Magdeburg in 2019. In September 2021, she completed her Master’s Degree with a very good grade after just five semesters, making her one of the best and fastest students in her degree programme. She headed the management team of Academic Club of the Faculty of Computer Science and was also Student Leader for a year. She was active in projects & developed other forms of support for International Master’s students.Expressing her gratitude to her alma mater, Dureja said, “I owe my success to Chitkara University’s strong academic mentorship, globally relevant curriculum and spirit of enterprise. These things impact a student’s journey in academics and research and have significant importance in the present fast-paced world.”Congratulating Dureja, Dr. Madhu Chitkara, Pro Chancellor, Chitkara University, said, “Shipra is a committed and inquisitive young woman and was a truly outstanding student throughout her four years at Chitkara. With her outstanding achievements, remarkable social & inter-cultural commitments, she serves as an important role model for other Indian as well as international students. I am thrilled that she has been conferred with the coveted DAAD Award for her performance & volunteer works, making Chitkara and India proud.”About Chitkara UniversityChitkara University, situated near Chandigarh (India) has emerged as the most vibrant and high-ranking university in North India which has been ranked A+ by the NAAC. With state-of-the-art infrastructure, scientifically driven pedagogy, strong industry collaborations, and 120+ working associations from schools across the world, Chitkara University not only attracts the finest students from across the nation but with its seamless placement support, it is also able to help them carve high growth careers.For more information, please visit: www.chitkara.edu.in.

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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