Mumbai, Sep 18 | Digiflix Media Pvt Ltd recently announced the launch of its new OTT platform, Digiflix TV.
The new OTT platform will debut with the original film ‘The Perfect Script’ featuring Rahul Dev, Ruslaan Mumtaz and Rajneesh Duggal.
“I am very excited to be a part of Digliflix TV,” said Nishant Awasthi, CEO and MD, Digiflix Media Pvt Ltd.
“I believe Digiflix TV has a great business model and a talented management team that uniquely positions it to capitalise on the changing internet film and television environment. I have seen many startups and I know well that the key to success is to have a great team.
“Digiflix TV’s team is one of the most inspiring ones, and I am certain that it has huge potential,” said Nishant, who has more than 15 years of senior management experience.
Talking about the upcoming shows, he said, “In terms of content, we are bringing shows that have very strong storylines as well as great entertainment value. We want to put emphasis on content. We hope that the audience will like and appreciate our efforts.”
The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.
While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.
Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.
Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.
On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.
Source: Choice India