Pakistan’s Covid deaths top 22K


Islamabad, June 21 | Thirty more people died of Covid-19 in Pakistan in the last 24 hours, raising the overall death toll to 22,007, the National Command and Operation Centre (NCOC) said on Monday.

The country also reported 907 new cases, one of the lowest in a few months, raising the total infection tally to 949,175, said the NCOC.

A total of 893,148 people have recovered from the disease, and the number of active cases is 34,020, the centre said, adding that a total of 2,238 critical patients are being treated in the country, reports Xinhua news agency.

Pakistan’s Punjab province is the worst-hit region with 345,065 infections and 10,642 deaths, followed by Sindh which reported 332,254 infections and 5,341 fatalities.

Meanwhile, the vaccination drive in the country is in full swing with 3,457,578 people fully vaccinated and 6,945,344 partially.

NCOC Chairman Asad Umar said othat from June 12-18, more than 2.3 million vaccine doses were administered with an average of 332,877 shots per day, the highest ever.

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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