Odisha reports below 10K Covid cases for 2nd consecutive day


Bhubaneswar, Jan 22 | For the second consecutive day, Odisha has reported below 10,000 Covid-19 cases. On Saturday, the state reported 8,845 Covid-19 cases and seven deaths due to the virus, officials said.

According to the state Information and Public Relation Department, out of the 8,845 new Covid-19 cases, 927 were from the 0-18 age group.

While 5,128 cases were recorded from the quarantine centres, 3,717 are local contact cases.

Odisha had registered 9,833 Covid-19 cases on Friday.

Khurda district continued to remain in top of the daily infection list with 2,528 new cases of Covid-19, followed by Sundergarh district (1001), Cuttack (628), Balasore (290), Kalahandi (239), Bolangir (232), Rayagada (221), Jajpur (209), Sonepur (207), Nuapada (205) and Koraput (203).

Meanwhile, the state has reported seven more Covid deaths following the health audit pushing the total fatalities in the State to 8,514. Two deaths were reported from Angul district, and one each in Cuttack, Puri, Bhadrak, Mayurbhanj and Jajpur districts.

A record number of 10,390 Covid patients were cured on Friday during this year taking the total recoveries in the state to 10,99,423.

On the other hand, the active cases in the state have fallen from 89,702 to 88,150 on Saturday. The daily test positivity rate also dropped to 12.89 per cent from 13.21 per cent reported on Friday.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

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.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India



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