Massive Covid vaccination drive in MP from Nov 15

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Bhopal, Oct 30 | The Madhya Pradesh government will embark on a special vaccination drive from November 15 to ensure that all the citizens get vaccinated against Covid-19 by December 31, an official notification said here on Saturday.

According to the order issued by the Chief Minister’s Office, Covid testing at public places, markets, railways stations and other places will also be set up again.

Under its extended plan for vaccination, phone calls will be made to those who have received their first dose to remind them about the second.

“A special campaign for anti-Covid vaccination will be launched from November 15 for the people who haven’t received first of second dose. The drive is to vaccinate all the citizens of the state by December 31,” it read.

A decision in this regard was taken during a review meeting chaired by Chief Minister Shivraj Singh Chauhan on Friday evening.

In the review meeting, Chauhan directed officials to hold Covid vaccination and testing camps during public programmes in coming days.

The government has also decided rope in school and college students in their awareness campaign so that they can encourage their parents and relatives to get vaccinated.

There has been a surge in Covid cases in the state for the last two weeks, especially in Bhopal and Indore.

As per the official data till October 29, 301 new cases were reported in Madhya Pradesh, out of which 123 were reported in Bhopal alone.

According of official data, a total of 4.98 crore people in the state have received their first dose, while 2 crore have received both doses so far.

The cumulative Covid tally in the state has risen to 7,92,832, while 10,524 lives have been lost, shows the health department data.

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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