Delhi wakes up to dense fog on Thursday

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New Delhi, Jan 13 | Residents of Delhi-NCR woke up to dense fog on Thursday, with the maximum and minimum temperatures dipping to 19 and 6 degrees Celsius, respectively, according to the India Meteorological Department (IMD).

Dense fog was reported at the Indira Gandhi International (IGI) airport since 4.30 a.m. with a visibility of 50-100 metres, while Safdarjung saw and moderate fog of 300 metres since 7 a.m, which continued till 10 a.m.

The IMD said that dense fog in some isolated pockets in the night and morning hours was also very likely over Punjab, Haryana, Chandigarh, Uttar Pradesh in the next two to three days.

Meanwhile, this entire week, the maximum and minimum temperatures in the national capital will hover around 18 to 5 degrees Celsius.

January 17 can be a cold day with the minimum temperature dipping till 5 degrees Celsius, IMD said, adding that the capital city is likely to receive light rain accompanied by thunderstorm on January 19.

Meanwhile, Delhi’s Air Quality Index (AQI) at 10 a.m. stood under the ‘moderate’ category at 142, as per the System of Air Quality and Weather Forecasting And Research’s (SAFAR) estimates.

The level of both PM 2.5 and PM 10 pollutants stood in the ‘moderate’ and ‘poor’ categories of 117 and 201, respectively.

The air quality over Delhi-NCT is likely to remain in the lower end of the ‘very poor’ category on January 14.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

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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