Christians leave Gaza for Christmas, New Year for 1st time since Covid-19 outbreak: spokesman

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Gaza, Dec 29 | Hundreds of Palestinian Christians in the Gaza strip have left the besieged enclave for the West Bank to celebrate Christmas and the New Year, for the first time in two years since the outbreak of the Covid-19 pandemic, a spokesman for the Christian community in Gaza has said.

Kamel Ayyad, Spokesman of the Christian community in Gaza, told Xinhua on Tuesday that 722 Christians from Gaza applied to the Israeli side for permits to visit Jerusalem, Bethlehem, and Jordan, and 468 of them obtained permits and left earlier this week to Israel, the West Bank, and Jordan.

The rest of the applicants, many of whom are children, women and elderly, were banned from leaving Gaza for unspecified security reasons, he added.

The Gaza strip, home to more than 2 million Palestinians, has been under an Israeli blockade since Hamas violently seized control of the coastal enclave in 2007, Xinhua news agency reported.

Before 2007, the number of Christians living in Gaza had reached 5,000. Now there are 800 only, according to Ayyad.

In the Gaza strip, most Christians are Greek Orthodox.

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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