Cairo, Sep 14 | Egyptian Minister of Tourism and Antiquities Khaled al-Anany opened the south tomb of King Djoser in the Saqqara necropolis near capital Cairo.
The south tomb is located at the southwestern corner of the King Djoser funeral complex dating to the Third Dynasty, Old Kingdom period, Xinhua news agency quoted Mostafa Waziri, secretary general of the Supreme Council of Antiquities, as saying.
“This magnificent complex is the oldest stone building of the ancient world and it was named the ‘Southern Tomb’ following its discovery by the English archaeologist Cecil Mallaby Firth in 1928,” he said.
“The tomb is composed of an upper level in the form of a rectangular stone building. Its walls are decorated with a series of stone sockets in the form of entrances and exits, crowned by a frieze of cobra heads that symbolize protection and power,” Waziri added.
Meanwhile, the lower level of the tomb represents an entrance towards a ramp leading to the burial chamber, which is located at the bottom of a great shaft with a depth of approximately 31 metres, including a huge sarcophagus made of pink granite and a well.
He added that the well and the sarcophagus are similar to those inside the Step Pyramid.
The restoration process started in 2006 and involved conservation and restoration work of the lower corridors, strengthening the walls and ceilings, complete the interior inscriptions in the tomb as reassembling the granite sarcophagus, according to Waziri.
The tomb will be opened to the public starting from Tuesday.
The Indian market recovered with modest gain against the resilient global cues. Throughout the week, Sensex traded in a narrow range following an uneven move. Sensex ended at 54884.66 gaining 558 points or 1.03 percent while Nifty settled at 16352.45 with 86 points or 0.53 percent on a weekly basis. While Banknifty ended at 35613.30 levels with strong bounce with an upside of 3.90 percent in a week.
INDIA VIX has cooled off during the week with 7.01 percent and has settled at 21.48 levels. Investors and traders may watch out key events such as the RBI meet in the second week as well as the US Fed meeting likely to be on 14-15 June for monthly expiry. As corporate results are likely to end soon stocks would expect less volatility in upcoming days. In Nifty stocks, HDFCLIFE gained 9.61 percent while DIVISLAB shed 18.41 percent in a week. Sectorally Nifty Finance saw the highest gains of 4.32 percent followed by the Nifty Auto with 3.26 percent. On the flip side Nifty Pharma, Energy, Realty and PSE lose more than 3 percent each on a weekly basis. However Midcap gained 0.77 percent while Smal lcap dropped by 3.42 percent.
Technically, Nifty has formed a bullish candle on the weekly chart with a long tail suggesting strong support around 15900 levels, while on the upside 16800 may act as strong resistance. Index has taken support from the previous horizontal line & closed above 21-days Simple Moving Averages that indicates further pullback rally in the near term.
Indicators such as RSI remained in the neutral zone while MACD suggest some positive cross over observed in daily time frame suggest some sign of reversal. Coming to the OI Data, on the call side the highest OI witnessed was 16500 followed by 16800 strike prices while on the put side, the highest OI was at 16000 strike price. Overall, Nifty is having support at 16000 mark while on the upside 16500 followed by 16750 may act as an immediate resistance. While Bank nifty has support around 34300 while resistance is placed at 36800 on weekly chart.
Souce: Choice India