‘Nikamma’ poster featuring Abhimanyu Dassani, Shirley Setia is quirk redefined

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Mumbai, May 14 | The second poster of the action-romantic-comedy ‘Nikamma’ was released on Saturday. The poster features actress Bhagyashree’s son Abhimanyu Dassani and the Internet sensation Shirley Setia, who appears to be hanging by Abhimanyu’s biceps in the poster.

Shirley, who became a household name with her singing, is set to make her foray in Bollywood with ‘Nikamma’. The film, directed by Sabbir Khan, also stars Shilpa Shetty who makes a comeback to the big screen after 14 years. The trailer of the film is scheduled to be unveiled on May 17.

The film, which began filming in July 2019, was initially scheduled to be released theatrically in June 2020 but it was indefinitely postponed due to production halt and theatres shutting down owing to COVID-19 pandemic.

Produced by Sony Pictures International Productions and Sabbir Khan Films, ‘Nikamma’ is now set to arrive in theatres on June 17, 2022 after a delay of two years.

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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