UK records another 32,322 new coronavirus cases

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London, Nov 9 | The UK registered 32,322 new Covid-19 infections and 57 coronavirus related deaths on Monday, bringing the total loss of lives to 141,862, the UK Health Security Agency has said.

The death toll only includes people who died within 28 days of their first positive test.

While the infections have fallen by 16.6 per cent in the past week, the number of deaths have increased by 8.2 per cent, Xinhua reported citing officials.

There are currently 8,966 patients hospitalised with Covid-19.

The latest data came as the head of the British National Health Service (NHS) urged citizens to get vaccinated.

“With the twin threat of COVID and flu, we are facing a winter like no other and so it is even more important for people to get their jabs – first vaccine, second dose, booster or influenza,” NHS Chief Executive Amanda Pritchard said on Twitter.

More than 87 percent of people aged 12 and over in the UK have had their first dose of vaccine and more than 79 percent have received both doses, the latest figures indicate. At the same time, more than 17 percent have received booster jabs, or third doses of a coronavirus vaccine.

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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