‘Will create chaos’, SC declines to entertain plea to postpone NEET PG 2022 exam

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New Delhi, May 13 | The Supreme Court on Friday declined to entertain pleas seeking the postponement of NEET-PG 2022 scheduled for May 21, saying it will create “chaos and uncertainty”.

A bench headed by Justice D.Y. Chandrachud noted that postponing the exam will impact the patient care and also prejudice to over two lakh students who have registered for the exam.

The bench, also comprising Justice Surya Kant, said as the country gets back on the rails after which was caused due to the pandemic, the time schedule must be adhered to, and any delay in conducting the exam will result in fewer number of resident doctors.

The top court’s order came on petitions by the doctors seeking to postpone the National Eligibility cum Entrance Test for Postgraduate (NEET-PG) 2022 exam, citing a clash with ongoing counselling for NEET PG 2021. Additional Solicitor General Aishwarya Bhati represented the Centre in the top court.

Dismissing the plea to postpone the exam, the bench noted that the request cannot be entertained, as it would affect the patient care and the career of the doctors, and emphasised that these are matters belonging to the policy domain.

The bench pointed out that over two lakh doctors have registered, and it will cause prejudice to them if the exam is further postponed.

The Centre contended that the academic session was supposed to commence from May 1 in a given year. However, it will begin on September 1 for this academic year, therefore, it is not in the best academic interest of the students to further delay the examination.

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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