Pele to undergo chemotherapy after leaving hospital

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Rio de Janeiro, Oct 1 | Brazilian football legend Pele has been discharged from hospital following surgery to remove a tumour from his colon, doctors have said.

The 80-year-old had been a patient at the Albert Einstein hospital in Sao Paulo since undergoing the procedure on September 4.

“The patient is stable and will continue with chemotherapy,” the hospital said in a medical bulletin. It provided no further details of his condition late on Friday.

Pele previously said the tumour was identified during routine exams. He has posted several photos and videos on social media in recent days to assure fans that he is feeling well.

The three-time World Cup winner has battled a series of health problems over the past decade, including complications related to hip replacement surgery as well as kidney and prostate conditions.

Widely regarded as one of the greatest footballers of all time, Pele scored a world-record tally of 1,281 goals in a 1,363-match professional career that spanned 21 years.

The former Santos and New York Cosmos star was capped 91 times for Brazil and scored 77 international goals.

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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