Dense fog in Delhi, visibility at Palam reduced to 50m

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New Delhi, Jan 14 | The national capital on Friday woke up to dense fog that reduced the visibility to 50 metres at Palam.

Delhi recorded a minimum temperature of 6 degrees Celsius and the maximum temperature dipped to 17 degrees.

According to India Meteorological Department (IMD), visibility dropped to 50 meters at Palam from 4.30 a.m. to 9.30 a.m. The visibility remained between 50 and 100 meters at Safdarjung from 7 a.m. to 9.30 a.m.

This entire week, the national capital will continue to have foggy mornings and a maximum and minimum temperature that will hover around 16 and 6 degrees Celsius, as per the IMD forecast.

The relative humidity at 8.30. a.m. was recorded at 97 per cent.

Meanwhile, Delhi’s Air Quality Index (AQI) deteriorated to the ‘very poor’ category this morning as it stood at 312, 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 ‘very poor’ and ‘poor’ categories, respectively.

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.’

According to the air quality and weather bulletin, “The air quality over Delhi-NCT is likely to deteriorate further to reach the upper end of the very poor category on January 15. The air quality is likely to remain in the very poor category on January 16. It is likely to remain largely in the very poor category, but is likely to improve from January 18 onwards.”

The winds are likely to remain relatively slow with poor ventilation conditions till January 18, it added.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

The NIFTY 50 had a positive opening and made an intraday high at 16262.80 level but showed selling pressure from the top and made an intraday low at 16078.60 level and closed the session at 16125.15 level with a loss of 89.55 points However, Bank nifty closed the session at 34290 level with a gain of 42 points. VIX closed at 25.70 up by 9.83%.

33 stocks out of NIFTY 50 closed in Red which suggest broad based selling. Nifty Healthcare, FMCG, IT, capital goods indices down 1 percent each while Nifty Auto & Bank ended in Green. Nifty Stocks like DRREDDY, GNFC, POWERGRID, KOTAKBANK were the top gainers, While DIVISLAB, TECHM, GRASIM & HINDUNILVR were top losers. The Nifty has confirmed the shooting star kind of pattern on a daily time frame which indicates downside movement momentum for an upcoming session.

Moreover, from the last 14 days Nifty has been trading in a range of 15750-16410 levels, either side breakout can direct further direction. In addition, Nifty has given a closing below 21-Day Moving Average which indicates weakness in the Nifty.

However, the momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone on a daily chart which suggest a northward journey in the Nifty. The Nifty may find Strong support around 16000 levels, while on the upside 16300 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33600 levels while resistance at 34800 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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