New Delhi, Nov 10 | Delhi-NCR woke up to a partly cloudy sky on Wednesday morning with minimum temperature settling at 13 degrees Celsius and air quality in the ‘very poor’ category.
According to the India Meteorological Department (IMD), the maximum temperature for the day will settle at 29 degrees Celsius.
On Tuesday, Delhi’s maximum and minimum temperatures were recorded at 28.6 per cent and 13.4 degrees Celsius, both one notch above and below normal for this time of the year.
With a dip in the temperatures and change in the wind direction, the overall Air Quality Index (AQI) of the national capital at 9.30 a.m. was recorded at 362 (very poor) by the System of Air Quality and Weather Forecasting And Research (SAFAR).
The level of PM 2.5 and PM at 9 a.m. was 200 and 319, respectively.
Air Quality Early Warning System for Delhi said that the capital’s AQI on Wednesday will remain in the ‘very poor’ category.
“Winds coming from the northwest direction at 925 mb have slowed down but are favourable for transport of stubble related pollutants to Delhi. However, its impact on Delhi’s PM2.5 is gradually reducing,” it said.
Today’s share of crop residue burning is 27 per cent in PM 2.5.
AQI is likely to improve further but remain in the very poor category due to partially cloudy conditions and shallow mixing layer height, SAFAR added.
The relative humidity at 8.30 a.m. was recorded at 87 per cent.
Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.
BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.
In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.
Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.
Source: Choice India