Kevin Spacey’s ‘Peter Five Eight’ heads to Cannes market

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Los Angeles, May 14 | The thriller ‘Peter Five Eight’, which stars Kevin Spacey, will be heading to Cannes film market as it has been picked up by VMI International for a worldwide release.

The film, directed by Michael Zaiko Hall, also stars Rebecca De Mornay, Jet Jandreau and Jake Weber, reports ‘Deadline’.

As per ‘Deadline’, the film follows Sam played by Jandreau, a seemingly poised and glamorous real estate agent in a small mountain community who is revealed to be an unhinged and troubled alcoholic with a dark secret. Spacey will play “a charismatic” stranger who arrives out of the blue at the behest of his powerful and shadowy boss, Mr Lock.

‘Deadline’ further states that the film’s marketing tagline is “The Guilty Always Pay The Price”. Spacey, a two-time Oscar winner and star of ‘House Of Cards’, is also in the market with historical drama ‘1242 – Gateway To The West’, on sale with Australian outfit Galloping Entertainment.

These two films are among the first Spacey projects to be on sale in the market since multiple people accused the actor of sexual harassment and unwanted advances in 2017.

The only other project Spacey is known to have taken part in in recent years is Franco Nero-directed drama ‘The Man Who Drew God’, which will also be on sale on the Croisette via OneTwoThree Media.

There will be no shortage of actors and directors tinged with controversy in the Cannes market this year. There are also new films starring or directed by Roman Polanski, Luc Besson, Johnny Depp, Alec Baldwin and James Franco.

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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