US West Coast’s largest art fair returns despite Covid


Los Angeles, Jan 21 | LA Art Show, the most comprehensive international contemporary art show in US West Coast, has returned to the Los Angeles Convention Center as an in-person event despite the ongoing Covid-19 pandemic.

This kick-off to the city’s 2022 art season will run through Sunday, reports Xinhua news agency.

Though rescheduled to the summer last year due to Covid-19 after one-and-a-half hiatus, this year it returns to its traditional spring slot.

Around 80 exhibiting galleries, museums, and non-profit arts organisations from around the world will participate the four-day event this year, according to the show’s website.

The show this year will come with environmentally focused programming.

It will examine not just how the environment is represented in art, but how humanity’s place in the world is depicted.

According to the show’s organisers, the exhibition will open up an important dialogue about the Earth’s past, present, and future, uniting the community around discussions of the global climate crisis and potential solutions.

The West Coast’s largest art fair will observe the latest Covid-19 protocols to keep everyone safe as the Omicron variant has been spreading rapidly across the country.

Prevailing protocols require all visitors to show a proof of full vaccination or a proof of a negative Covid-19 rapid test taken within 24 hours or a negative PCR test taken within 48 hours as a prerequisite for attending the LA Art Show.

Organisers also require visitors to wear masks and practice social distancing at all times while at the venue.

Source: IANS

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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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