Promoting Interdisciplinary Research, Chitkara University Launches Collaborative Research Project

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With the aim to promote interdisciplinary research, Chitkara University, Himachal Pradesh (CUHP), and Chitkara International School (CIS) have launched a Collaborative Research Project (CRP) which facilitates collaboration between the faculty and students.Chitkara University Himachal Pradesh CampusRecognizing the immense contribution of innovations in national growth, 2010-2020 was declared as the ‘Decade of Innovation’ by the Government of India. To contribute to this, CRP functions with the primary objective of working on innovative ideas and explore if joint research groups from Chitkara University, Himachal Pradesh and Chitkara International School work together on them.By participating in the Collaborative Research Project, faculty members can find colleagues with whom they can collaborate and students who may be interested in assisting with their projects. With this vision, 12-14 teams have been formed from both the institutes, Chitkara University, Himachal Pradesh and Chitkara International School to work on this initiative with Dr. Sartajvir Singh, IPR Cell Coordinator, Chitkara University, Himachal Pradesh, as the mentor.Referring to the excellent opportunity to think of out-of-the-box solutions for everyday problems for school students, Dr. Niyati Chitkara, Director, Chitkara International Schools remarked, “It is an excellent opportunity for our young thinkers who have been mentored by senior academicians from Chitkara University and this will go a long way in developing a scientific temperament among the school students.””The foundation of societal advancement lies in innovation. Universities are not only repositories of innovation but also provide thought leadership on scientific, ethical and social issues which confront society when advancements take place due to innovations. With the help of CRP, more than 50 faculty members and students have benefitted from both the campuses i.e., Chitkara University and Chitkara International School,” said Dr. Manoj Manuja, Pro Vice Chancellor, Chitkara University.”Moreover, it gives me immense pleasure to share that we have reached the next logical milestone of our on-going vibrant collaboration with CIS team which has resulted in filing 12 joint patents on novel ideas. Apart from CU-HP and CIS Faculty, we also have students from CIS as the primary contributors towards this initiative and joint owners of the filed patents,” said Dr. Manuja.Explaining the importance of patents, IPR Cell Coordinator, Chitkara University, Dr. Sartajvir Singh said, “Innovations and patents are intricately linked. Patents help to create ownership over innovations and facilitate investments and commercialization. They also help in dissemination of knowledge owing to legal requirement for open publication and also create respect and recognition for the innovators and the institutions, in event of commercialization owing to technologically advanced products which benefit society.”About Chitkara University Chitkara University, situated near Chandigarh (India) has emerged as the most vibrant and high-ranking university in North India which has been ranked A+ by the NAAC. With state-of-the-art infrastructure, scientifically driven pedagogy, strong industry collaborations, and 120+ working associations from schools across the world, Chitkara University not only attracts the finest students from across the nation but with its seamless placement support, it is also able to help them carve high growth careers.For more information, please visitwww.chitkara.edu.in.

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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