Hyderabad, Sep 6 | Telangana Governor Dr Tamilisai Soundararajan on Monday praised actor-politician Pawan Kalyan for extending financial help to folk artist Darshanam Mogilaiah.
The Governor thanked the Jana Sena leader for his gesture. She tweeted that she was glad to know that Pawan Kalyan has extended a financial help of Rs 2 lakh to traditional Kinnera instrument player Mogulaiah.
The governor hoped that his gesture will inspire others.
Responding to the Governor’s tweet Jana Sena thanked her for acknowledging ‘our effort to encourage traditional folk artists like Sri ‘Kinnera’ Mogulaiah’.
Pawan Kalyan handed over the cheque to Mogulaiah on Sunday.
Pawan Kalyan Learning Centre for Human Excellence, the trust founded by the actor, had announced the financial aid to Mogulaiah.
The 12-fret kinnera folk artist lent his voice to the title song of Pawan Kalyan’s upcoming film ‘Bheemla Nayak’.
The song was launched on September 2 to coincide Pawan Kalyan’s 50th birthday.
Popularly called Kinnera Mogulaiah, the folk artiste hails from the Amrabad forest reserve, Mahabubnagar, and is popular for singing ballads.
The folk singer-performer has taken Telugu cinema scene by storm as the song has garnered 19 million views and 9,82,000 likes on YouTube in just five days.
Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.
The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.
In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.
Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.
Source: Choice India