Bharat Krushi Seva is a Pune based startup working with farmers from across India. Bharat Krushi Seva believes on Digitizing the agriculture industry by integrating IOT implementation. They are one of the leading IT Company in the agricultural field providing the online platform for the farmer to opt the new technology. Bharat Krushi Seva has a certified and skillful group of Domain Experts, Agriculture & Agribusiness Consultants, IT Professionals, Marketing Specialists having vast experience in their respective fields.Sharayu Lande (Founder and CEO) and Hemant Dhole Patil (Co-founder and COO)Sharayu Lande (Founder and CEO) and Hemant Dhole Patil (Co-founder and COO) belong to a farming background, having done farming, they relate to the problems faced by the farmers of India in terms of Low productivity, Unpredictable Climate Change, Uncertain Market Rates.Sharayu Lande, Founder and CEO, Bharat Krushi Seva said that, “We were fortunate to receive good education & get placed in IT companies. Having 8 plus years of experience working with technology, helped us understand the power of data & technology and how technology can make a huge difference in the life of Indian farmers. With this initiative, in 2019 we started working with 1,000 farmers on building the algorithm of data analytics & our proof of concepts.”Hemant Dhole Patil, Co-founder and COO, Bharat Krushi Seva said that, “We are Building Bharat Krushi Seva which is an App based platform for Farmers. Where farmers can increase their productivity using our cumulative set of services starting from Soil Testing, Personalized crop specific weather monitoring and alerting system, Personalized crop consultancy for early prediction of pest & diseases, credit services to buy the inputs & connectivity with bulk buyers for market linkage.”These Services are offered to farmers using Data Analytics & Remote sensing Technology. The Best part about it is these consultancy schedule changes every day based on changing climatic conditions. This regime is completely a dynamic regime based on the measures of soil conditions, Water conditions & changing climatic conditions. They measure the 44 parameters of weather and accordingly an automated alert is generated depending upon the changing weather parameters.Sharayu Lande, Founder and CEO, Bharat Krushi Seva said that, we have started our first Collection center near pune for the market linkage of farmers, currently running in pilot phase and also working on Kisan Credit in an exploratory phase.Currently they have touched the lives of 40,000+ farmers of Maharashtra with 2 business tie ups for input companies with Nirmal Seeds & Zydex, 3 Business Tie Ups in output. They have a Vision for the “Mass Adoption of Digital Agriculture”, Where they Want to touch the lives of 5 Mn Farmers in the upcoming 5 years.
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.
Source: Choice India