New Ebola case confirmed in DR Congo: WHO

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Kinshasa, May 5 | A new Ebola case has been confirmed in the Democratic Republic of the Congo (DRC), bringing the total number of infections since the 14th outbreak of the disease was declared in the country in April, the World Health Organization (WHO) said on Thursday.

The Congolese Health Ministry “confirmed a third case of Ebola in Mbandaka on Wednesday, reports Xinhua news agency.

“The 48-year-old man was a high-risk contact of the first case,” the WHO Regional Office for Africa tweeted on Thursday, adding that 444 contact cases have been identified.

The DRC declared its 14th Ebola outbreak on April 23 after the first case was confirmed in Mbandaka, the capital of DRC’s northwestern province of Equateur, a city on the Congo River.

The first two confirmed cases, who were relatives, died after showing symptoms.

DRC is experiencing its 14th Ebola outbreak since 1976.

The current outbreak is the sixth since 2018 alone, the most frequent occurrence in the country’s Ebola history.

Previous outbreaks in Equateur province were in 2020 and 2018, with 130 and 54 recorded cases, respectively, according to the WHO.

In December 2021, DRC has declared the end of its 13th Ebola outbreak in which eight cases were confirmed and three probable, including six deaths in North Kivu province.

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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