Lisbon, Jan 17 | Eighty people are currently hospitalised in Portugal due to Covid-19, bringing the country’s total number to 1,813, the highest since March 3, 2021.
According to the epidemiological bulletin of the Directorate-General for Health (DGS), five more patients were referred to intensive care units, taking the number of people now in serious condition to 168, the highest number since August 12, 2021, reports Xinhua news agency.
In the last 24 hours, Portugal recorded 32,271 new Covid-19 cases and another 33 deaths, bringing the country’s total infections and fatalities to 1,884,974 and 19,303 respectively.
According to DGS, Portugal has already administered 20 million doses of vaccines against Covid-19.
The number of people who have been fully vaccinated surpassed 8.8 million, or 90 per cent of the country’s population.
The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.
While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.
Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.
Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.
On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.
Source: Choice India