Hyderabad, Dec 28 | Bollywood filmmaker Karan Johar has opened up with his views on south Indian cinema, especially Telugu movies, in a discussion on what a pan-Indian film is all about.
Karan admits that even Hindi movies are not doing as much business as Telugu films in recent times. He even cites an example, taking Allu Arjun’s recently released movie ‘Pushpa’ to explain the commercial stamina of Telugu movies.
“With no promotions at all, Allu Arjun’s ‘Pushpa’ was released with just a few posters and the trailer. Even though Allu Arjun is not known in the north, the movie made a lot of money at the box-office. Can you imagine the scenario? Now, this is called the ‘pan-India craze’,” the Bollywood director said.
Karan opined that the whole terminology of a ‘pan-Indian film’ started with S.S. Rajamouli’s ‘Baahubali’. He said ‘Baahubali 1’ had done business of Rs 112 crore, whereas Rajamouli’s previous film ‘Makki’ made just Rs 1 crore in the Hindi belt.
Karan also predicted that Rajamouli’s upcoming magnum opus ‘RRR’ is going to be one of the biggest openers and might collect Rs 30 crore on the first day of its Hindi version alone in India.
Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.
BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.
In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.
Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.
Source: Choice India