Beijing, Nov 20 | Smartphone manufacturer Honor is reportedly planning to launch two foldable smartphones before spring in China.
According to GizmoChina, one of these phones will unfold up and down, while the other will unfold left and right. In other words, the company will be releasing clamshell as well as tablet-style foldables like Samsung’s Galaxy Z Flip3 and Galaxy Z Fold3.
The company may use foldable panels supplied by BOE and Visionox. The “tablet” type foldable smartphone is likely to have an eight-inch inner display and a 6.5-inch cover screen.
Honor is also gearing up for the launch of a new smartphone on November 22.
As per ongoing rumours, the new Honor 60 series will consist of three phones – a vanilla model, a Pro model and an SE variant. All three phones have already passed the Chinese 3C certification.
The standard 60 and the Pro models are rumoured to support up to 66W fast wired charging, while the Honor 60 SE will reportedly have 40W fast wired charging.
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.
Source: Choice India