Mumbai, May 14 | As the cast reveal of the Zoya Akhtar directorial ‘The Archies’ gained momentum through the day, Bollywood megastar Amitabh Bachchan expressed his happiness on his grandson Agastya Nanda being a part of the highly anticipated project, on Saturday.
The legendary star took to his Instagram to share the film’s poster featuring the starcast. Doing a quirky wordplay, an excited Amitabh wrote in the caption, “another SONrise .. my GrandSON .. all the blessings Agastya .. love you (heart emoji). Get ready to take a trip down memory lane ’cause The Archies by @zoieakhtar is coming soon only on @netflix_in (sic).”
Abhishek Bachchan took to the comments section to drop a heart emoji. Agastya is the son of Amitabh’s daughter, Shweta Bachchan Nanda – a columnist and author, and Nikhil Nanda, who is the chairman and managing director of the engineering company, Escorts Limited.
Talking about ‘The Archies’, the film produced under the banner of Tiger Baby Films, also stars Shah Rukh Khan’s daughter Suhana Khan, late actress Sridevi and Boney Kapoor’s younger daughter Khushi Kapoor, Mihir Ahuja, Dot, Yuvraj Menda, and Vedang Raina.
The film is due for a 2023 release on streaming platform Netflix.
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