Delhi air quality turns hazardous after Diwali


New Delhi, Nov 5 | The air quality index (AQI) crossed the 600-mark at several places across the national capital with a few places in east Delhi, Ghaziabad and Noida crossing the 800-mark on Friday morning, hours after the people burst firecrackers on Diwali night making the Delhi-NCR air hazardous.

The already severe condition of the air quality on Thursday evening deteriorated further with pm2.5 concentration at 467 and pm10 concentration at 631 at 9 a.m., according to SAFAR data. There was moderate fog early in the morning, indicative of air quality may not improve much for the day.

The fog conditions intensified in Delhi-NCR on Friday with moderate fog at visibility 200 to 500m range reported at its two airports from 5.30 a.m. to 8.30 a.m.

Indira Gandhi International Airport (IGI) Palam lowest visibility was 350m while the city side had a poorer visibility at 200m, said the India Meteorological Department (IMD)

At 9 a.m., AQI was 920 and 904 in Noida’s sector 116 and in Sector 62 respectively; 617 in Ghaziabad’s vasundhara; 897 and 699 in Delhi’s Patparganj and Sriniwaspuri respectively, according to the data from World Quality Index project, a non-profit organisation.

However, the data given by CPCB did not reflect these station’s and showed much lesser AQI levels for other stations.

At 8 a.m., AQI at Delhi’s Ashok vihar was 464, Chandni chowk(371), Dwarka (472), Mandir Marg (466), IGI Airport(458), Lodhi road (459) and North campus (453) according to CPCB.

The Meteorological agencies had predicted an AQI of 500 plus for Thursday and Friday if Delhiites burst firecrackers on Diwali day. However, none of the stations touched the 500-mark

According to the India Meteorological Department, there will be partly cloudy sky in Delhi and maximum temperature is expected to be 29 degree Celsius and minimum temperature is expected to be 14 degree Celsius.

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”.

Source: IANS

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The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India



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