Joint Fashion Week Hosted by A&A Media and Modazzy was a Breath of Fresh Air as DRW 2021

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The Delhi runway week 2021 took place yesterday.The Delhi runway week2021 was a 2 days affair with 24 designers who came from all over India to showcase their collections in this fashion week Organized by Mr. Aziz who is Founder of Delhi runway week and A&A Media Tech Worldwide which was well-known for its events where the spark of the show was special appearance taken by Label Modazzy and their Beauty Pageant Tiska Miss India 2021 Sriti Shaw where she walked as Showstopper for Renowned Designer Amit Talwar on day 1 finale and all 3 category Winners (Platinum Category Mrs Isha Gulia, Gold Category Mrs Dr. Divya and Classic Category Dr. Namita Pandey) of Mrs India One in a Million walked for Designer Sandeep singh in day 2 prime Time.Delhi runway week 2021The show was filled with super models like Sonalika Sahay, Krishna Somany, MTV India Next Supermodel Nisha Yadav, Splitsvilla fame Palak Yadav & Bhoomika Vashist.The list of the designers are: Amit talwar,Pink by Rinkal, Sumit Das Gupta, Shaily Mittal, Pam Chatwal, Mukesh Dubey, Vipin Aggarwal, Harvinder Gill, Lassic couture by Nupur, Salil Kapoor, HSI Design Institute, Mohammed Javed, Preeti & Vishal, Atul Singh, Sandeep Singh, Amit Chauhan, Dippak Gupta, Nighat Izhar couture, Rohit Dogra, Kingshuk Bhaduri, Shantanu Bose.The show is Directed by renowned show Director Kapil Gauhri.It took place at Noida Film city in Lakshmi studios on 25th and 26th December 2021 with all the COVID protocols and appreciated by all the Associates, Partners, sponsors and buyers who were present on the show.There was a slight departure from making quintessential Indian silhouettes the hero this season. Designers looked toward comfort – finally having spent a year in isolation wearing the softest t-shirts, the roomiest separates, and the most breathable robes not it translated it into collections of designers that were punctuated by prints lines, easy silhouettes.

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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