EDM fest Sunburn 2022 to kick off in Goa from Dec 28

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Mumbai, May 13 | The 16th edition of the EDM festival Sunburn will be held from December 28 to December 30, 2022 in Goa. The theme for this year’s music fest will be ‘The Future Is Now’ and will showcase a three-day live event imbibing the best of Electronic Dance Music, state-of the-art technology and high-octane entertainment at Vagator, Goa.

Sunburn Goa 2022 will feature more than 120 international and homegrown acts across 7 stages. Befitting the futuristic festival theme, the festival this year will focus on a genre that is the future of EDM supported by world class production featuring high quality acoustics, laser, SFX and pyrotechnics.

The attractions in the fest, which has been created by Percept Live, will include a sunset point, an open-air cinema, bungee jumping, zip line, ferris wheel, and several other games and engagements.

In addition, Sunburn will be partnering with many clubs Pan-India to bring the live stream of ‘Sunburn Echo’, that will recreate the entire Sunburn Goa 2022 experience across the country. The festival will also host multiple after-parties with leading international and Indian acts. This year there will also be an opening party on December 27 and a closing party on December 31.

Karan Singh, CEO, Sunburn said in a statement, “We are thrilled to announce that Sunburn is back with a renewed passion and fans from world over can now safely come together and ‘Live, Love, and Dance Again’ in the beautiful locale of Goa. After 2 years of safety protocols and limited attendance events we look forward to ensuring that Sunburn Goa 2022 is a vibrant lively open-air experience where fans can bond and celebrate the best of music and entertainment while following all safety protocols and guidelines.”

‘Sunburn Home’ will live stream the 3-day festival and the opening and closing parties for fans who want to enjoy the experience from the comfort of their home. ­The festival will follow all government permissions, guidelines to ensure the safety of attendees, and is subject to government permissions.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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