Wellington, Sep 15 | New Zealand reported 14 new community cases of Delta variant of Covid-19 on Wednesday, all in the largest city Auckland, which brought the total number of cases in the country’s community outbreak to 983.
Of the current community cases, 20 cases are in hospital, including four cases in intensive care units (ICUs) or high dependency units (HDUs), Director-General of Health Ashley Bloomfield told a press conference.
Auckland has 966 community cases and the capital Wellington has 17 cases, Bloomfield said.
There are 947 cases that have been clearly epidemiologically-linked to another case or sub-cluster, and a further eight cases for which links are yet to be fully established, he said.
According to the Ministry of Health, New Zealand also reported three historical cases in recent returnees. These cases have remained in managed isolation and quarantine facilities in Christchurch, the Xinhua news agency reported.
The total number of confirmed cases in New Zealand since the start of the pandemic is 3,981, Bloomfield said.
Areas outside Auckland moved to Alert Level 2 from 11:59 p.m. local time on Sep 7, which means businesses and schools are back to normal, with masks mandatory in certain settings and gatherings limited to 50 people in size.
Auckland currently remains at Level 4, the top-level Covid-19 lockdown, for another week.
The Indian market recovered with modest gain against the resilient global cues. Throughout the week, Sensex traded in a narrow range following an uneven move. Sensex ended at 54884.66 gaining 558 points or 1.03 percent while Nifty settled at 16352.45 with 86 points or 0.53 percent on a weekly basis. While Banknifty ended at 35613.30 levels with strong bounce with an upside of 3.90 percent in a week.
INDIA VIX has cooled off during the week with 7.01 percent and has settled at 21.48 levels. Investors and traders may watch out key events such as the RBI meet in the second week as well as the US Fed meeting likely to be on 14-15 June for monthly expiry. As corporate results are likely to end soon stocks would expect less volatility in upcoming days. In Nifty stocks, HDFCLIFE gained 9.61 percent while DIVISLAB shed 18.41 percent in a week. Sectorally Nifty Finance saw the highest gains of 4.32 percent followed by the Nifty Auto with 3.26 percent. On the flip side Nifty Pharma, Energy, Realty and PSE lose more than 3 percent each on a weekly basis. However Midcap gained 0.77 percent while Smal lcap dropped by 3.42 percent.
Technically, Nifty has formed a bullish candle on the weekly chart with a long tail suggesting strong support around 15900 levels, while on the upside 16800 may act as strong resistance. Index has taken support from the previous horizontal line & closed above 21-days Simple Moving Averages that indicates further pullback rally in the near term.
Indicators such as RSI remained in the neutral zone while MACD suggest some positive cross over observed in daily time frame suggest some sign of reversal. Coming to the OI Data, on the call side the highest OI witnessed was 16500 followed by 16800 strike prices while on the put side, the highest OI was at 16000 strike price. Overall, Nifty is having support at 16000 mark while on the upside 16500 followed by 16750 may act as an immediate resistance. While Bank nifty has support around 34300 while resistance is placed at 36800 on weekly chart.
Souce: Choice India