Pakistanis urged to get vaccinated, follow guidelines

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Islamabad, July 15 | Asad Umar, Chairman of Pakistan’s National Command and Operation Centre (NCOC), urged the public to get vaccinated against Covid-19 as soon as possible and comply with guidelines issued by the government in an effort to avoid a devastation caused by the DElta variant.

In a tweet earlier in the day, the chairman said that a rapid inflow of infected patients in hospitals as well as in critical care centres were being reported across the country, reports Xinhua news agency.

According to the NCOC, a total of 2,545 people have tested positive for the disease in the last 24 hours, raising the country’s overall caseload to 981,392.

Sindh province has been the worst hit with 351,006 cases, followed by Punjab with 349,111 infections.

A total of 22,689 people have so far succumbed to the disease, the NCOC said, adding that 2,619 patients are currently under treatment in 639 hospitals across the country out of which 2,336 are in critical condition.

The country currently has 42,330 active cases across all provinces whereas 916,373 others recovered from the disease.

The vaccination drive in the country has also picked up its pace with over half a million doses administered to the public on Wednesday, the NCOC said.

Some 17,336,845 people have been partially vaccinated and 4,323,805 others fully vaccinated of the disease in the country, according to the latest official data.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

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.

sharemarket weekly updates bhaskarlive

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.

Om Mehera
Research Associates
Choices Broking

Souce: Choice India

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