Omicron variant did not eliminate Delta, it may return: Study

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Jerusalem, May 3 | The Omicron variants may burn themselves out in the next couple of months and the Delta variant might re-emerge, researchers claim.

While Delta wiped out the variants that preceded it, Omicron has not eliminated Delta, said researchers from Ben-Gurion University of the Negev in Israel.

After the original SARS-CoV-2 virus that first spilled into humans around more than two years ago, several variants followed: Alpha (first detected in UK); Beta (first detected in South Africa); Gamma (first detected in Brazil); Delta (first detected in India).

Last November, South African researchers detected the highly contagious Omicron variant, which has developed a variety of sub-variants that is currently spread all over the world.

The continued circulation of SARS-CoV-2 resulted “in mutations and the emergence of various variants. Until now, whenever a new, dominant, variant appeared, it overpowered its predecessor after a short parallel period”, the team wrote in the paper published in the peer-reviewed journal Science of the Total Environment.

Unlike the Delta variant, previously considered to be the main variant of concern in most countries, the dynamics of the Omicron variant showed different characteristics, they said.

To understand, the team developed sensitive arrays that can differentiate variants from each other in wastewater.

Wastewater continues to give indications of where the coronavirus is active, even when PCR and rapid testing of people declines.

They monitored Beer-Sheva’s sewage from December 2021 to January 2022 and noticed this disturbing interaction between the Omicron and Delta variants.

They also built a model, which predicts that Omicron is burning itself out while Delta is just biding its time.

“Of course, there are a lot of factors involved, but our model indicates there could be another outbreak of Delta or another coronavirus variant this summer,” warned Prof. Ariel Kushmaro at BGU.

According to the model, it can be expected that the Omicron levels will decrease until eliminated, while the Delta variant will maintain its cryptic circulation.

If this comes to pass, it “may result in the reemergence of a Delta morbidity wave or in the possible generation of a new threatening variant”, the researchers wrote.

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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