Jen Psaki signs off as WH Press SecretarY

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Washington, May 14 | Jen Psaki has signed off as the White House Press Secretary after serving in the post for 15 months and holding 224 media briefings.

“I want to say thank you to the President and the First Lady. They entrusted me in serving in this role for the last 15 months,” Psaki said during her last briefing at the White House on Friday.

She also extended appreciation to the White House’s press team, as well as to reporters in the James S. Brady Press Briefing Room.

“You have challenged me, you have pushed me, you have debated me, and at times we have disagreed. That is democracy in action. That is it working.

“Thank you for what you do Thank you for making me better. And most importantly, thank you for the work every day you do to make this country stronger,” she added.

Friday’s appearance was Psaki’s 224th White House briefing over her tenure that began the day Joe Biden was sworn in as the President in January 2021.

Karine Jean-Pierre is the new White House press secretary, becoming both the first African American and openly LGBTQ person to hold the position.

As an assistant to the US President, the White House Press Secretary provides daily briefings for the media on the administration’s activities and agenda.

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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