Srinagar, Nov 9 | At 1.6 degrees Celsius as the minimum temperature on Tuesday, Srinagar city recorded the coldest night of the season so far while the Dras town in Ladakh remained frozen at minus 12.1.
The Meteorological Department (MeT) office said Srinagar recorded the coldest night of the season so far on Tuesday as the minimum temperature dropped to 1.6.
“Pahalgam had minus 3.3 and Gulmarg minus 1.0 as the night’s lowest temperature today.
“Leh town of Ladakh recorded minus 8.3, Kargil minus 6.8 and Dras minus 12.1 as the minimum temperature.
“Jammu had 12.5, Katra 11.8, Batote 8.0, Banihal 5.8 and Bhaderwah 4.7 as the minimum temperature,” an official of the MeT department said.
Due to sunny days and clear night sky forecast for the next 5-6 days, minimum temperatures are likely to drop further in J&K and Ladakh.
Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.
BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.
In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.
Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.
Source: Choice India