Cyclonic storm ‘Asani’ weakens into depression over coastal Andhra

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Visakhapatnam, May 12 | Rains accompanied by squally winds continued in parts of coastal Andhra Pradesh on Thursday even as cyclonic storm Asani weakened into depression after making a landfall last night.

After crossing the coast between Machilipatnam and Narsapur, Asani weakened into deep depression.

According to India Meteorological Department (IMD), the deep depression remained practically stationary during the last six hours and weakened into a depression over the same region. It lay centred close to west of Machilipatnam.

It is likely to hover around the same region and weaken further into a well marked low pressure area during the next 12 hours, the IMD bulletin said.

Light to moderate rainfall at many places with heavy rainfall at isolated places is likely over coastal Andhra Pradesh and Rayalaseema on Thursday.

Squally wind speed reaching 45-55 kmph gusting to 65 kmph is prevailing around the system center and adjoining westcentral Bay of Bengal during next 12 hours. Squally wind speed reaching 45-55 kmph gusting to 65 kmph is likely to prevail along and off Krishna, East & West Godavari districts of Andhra Pradesh and Yanam of Puducherry.

Sea condition is likely to be very rough to rough over westcentral and adjoining northwest Bay of Bengal during 12 hours and improve thereafter. IMD has suggested total suspension of fishing operations over westcentral Bay of Bengal and over northwest Bay of Bengal during next 12 hours. Fishermen are advised not to venture into westcentral Bay of Bengal along and off Andhra Pradesh and Odisha coasts and Northwest Bay of Bengal on Thursday.

Though the cyclonic storm has weakened into depression, Andhra Pradesh State Disaster Management Authority director B. R. Ambedkar has advised people to remain alert on Thursday.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
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Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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