Singapore reports 40 new Covid-19 cases

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Singapore, Aug 21 | Singapore’s Ministry of Health (MOH) reported 40 new Covid-19 cases on Friday, bringing the total tally in the country to 66,406.

The new infections included 36 locally transmitted cases. As many as 19 are linked to previous cases and have already been placed under quarantine. Three are linked to previous cases and were detected through surveillance, while 14 are currently unlinked, the Xinhua news agency reported.

There are four imported cases, who have already been placed on Stay-Home Notice (SHN) or isolated upon arrival in Singapore. Among them, three were detected upon arrival in Singapore, while one developed the illness during SHN or isolation.

A total of 380 cases are currently warded in hospitals. Most are well and under observation. There are currently 27 cases of serious illness requiring oxygen supplementation, and seven in critical condition in the intensive care unit (ICU).

The MOH said that an 82-year-old male Singaporean has passed away from complications due to Covid-19 infection on August 19, bringing the Covid-19 death toll in Singapore to 47.

As of August 19, 77 per cent of Singapore’s population have completed the full vaccination regimen, and 82 per cent have received at least one dose.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

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.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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