Finland widens scope of 2nd Covid booster dose recommendation

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Helsinki, May 6 | The Finnish National Institute for Health and Welfare (THL) has recommended the provision of a second Covid booster dose to those who are undergoing home or family care, as well as to elderly people with impaired health.

THL said the recommendation is based on up-to-date monitoring data on the pandemic and the protective efficacy of jabs, as well as the opinion of the National Vaccination Expert Group (KRAR), reports Xinhua news agency.

Previously, a fourth vaccine dose was recommended for severely immunocompromised people aged over 12, people over 80, and all elderly people living in nursing homes.

There had been expectations in the medical community that the age limit for the fourth dose, or the second booster dose, would be lowered.

Several EU countries give the fourth dose to all those over 65.

However, THL Director Mika Salminen emphasized that Finnish legislation on vaccines requires that they are given on medical grounds only.

In Finland, 87.5 per cent of those aged over 18 have received two doses, while about 51 per cent of those aged over 80 have received the fourth dose.

The fourth dose can be given three months after the third.

Merit Melin, director of research at THL, said that the health benefit from boosters is more significant during epidemic waves, and not now as case numbers are receding.

“The longer the time between the third and fourth doses, the better the response.”

The number of new cases has continued declining for five weeks now, but deaths have increased.

During the last two weeks of April, 600 people needed specialised hospital care, while 38 required intensive care and 474 died.

THL expects infections to increase again in the autumn, and urged healthcare services to begin preparing for a new wave.

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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