Redmi India joins Jio on 5G trial for upcoming smartphone

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Redmi India joins Jio on 5G trial for upcoming smartphone
Redmi India joins Jio on 5G trial for upcoming smartphone

New Delhi, Nov 22 | Redmi India, a sub-brand of Xiaomi, on Monday announced that it has joined hands with Reliance Jio to conduct 5G trials for its upcoming Redmi Note 11T 5G smartphone.

To verify the capability and performance of their upcoming device, the two companies conducted a 5G standalone lab trial, and tested the device through various scenarios, thereby ensuring enhanced 5G end-user experiences.

“We are delighted to partner with Reliance Jio for the Redmi Note 11T 5G in our endeavor of democratizing technology by making it easier for customers to get access to 5G smartphones that are future-ready. Our latest trial with Reliance Jio is an indication of the development of the 5G ecosystem in India and the encouraging outcome highlights the true potential of the device and brings a high-quality 5G experience closer to reality,” Muralikrishnan B, COO, Xiaomi India, said in a statement.

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Redmi Note 11T 5G is fully equipped to elevate the customer’s smartphone experience and will launch in India on November 30, the company claims.

The Redmi Note 11T 5G is said to come with a 6.6-inch full HD+ (1080 A- 2400p) LCD display.

Under-the-hood, it is said to feature 6nm class MediaTek Dimensity 810 6nm processor with Mali-G57 MC2 GPU, Android 11-based MIUI 12.5 OS, 4GB/6GB LPDDR4X RAM, 64GB/128GB (UFS 2.2) storage (expandable up to 1TB), and 5,000mAh battery with a 33W fast charger.

In terms of optics, it is expected to feature a dual-camera– 50MP (f/1.8)A with 8MP (f/2.2) with LED flash on the back. On the front, it is said to house a 16MP (f/2.45) snapper.

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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