New Delhi, Nov 20 | People in Delhi-NCR woke up to a cloudy sky on Saturday and are likely to witness drizzle later in the day, India Meteorological Data (IMD) said.
The minimum and maximum temperatures for the day are likely to hover around 15 degrees Celsius and 26 degrees Celsius, respectively.
On Friday, the maximum temperature for the day settled at 25.9 degrees Celsius and the minimum at 14.5 degrees Celsius.
The relative humidity at 9 a.m. was recorded at 85 per cent.
According to the System of Air Quality and Weather Forecasting And Research (SAFAR), the overall Air Quality Index (AQI) of the national capital at 9 a.m. was 350, against Friday’s 348.
An AQI between zero and 50 is considered ‘good’, 51 and 100 ‘satisfactory’, 101 and 200 ‘moderate’, 201 and 300 ‘poor’, 301 and 400 ‘very poor’, then 401 and between 500 is considered ‘severe’.
The level of PM 2.5 and PM 10 pollutants at 9 a.m. was recorded at 36 and 65, respectively, both within the satisfactory limit.
According to the Air Quality Early Warning System, “The air quality over Delhi-NCT is likely to remain in ‘Very poor’ category today, but is likely to improve and reach in the lower end of ‘Very Poor’ category on November 20.”
“The air quality is likely to improve significantly from November 21 owing to relatively strong winds and reach in ‘Poor’ category. PM2.5 to be the predominant pollutant,” it added.
Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.
BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.
In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.
Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.
Source: Choice India