Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

No let up in war & rhetoric, a break of 22,900 can take Nifty to 22,500

Published

on

No let up in war & rhetoric, a break of 22,900 can take Nifty to 22,500
Fresh threats from Iran and a hardening stance by US President Donald Trump over the Strait of Hormuz have deepened investor nervousness, keeping markets on edge. Analysts said Nifty is likely to remain volatile, with the index holding key support around 22,900 but facing the risk of a decline towards 22,500 if tensions intensify. While the benchmark ended about half a percent higher at 23,114 on Friday after a sharp 3.3% drop the previous day, the near-term outlook remains fragile, with upside seen capped in the 23,400–24,200 range.

TANMAY SHAH
RESEARCH HEAD, SIHL

Where is Nifty headed this week?
The market is at an inflection point. Technically, the index found strong support near the 22,930 mark last week, where it filled an unaddressed gap from the previous year. This zone coincides with the formation of a double-bottom pattern, indicating a potential base formation. The near-term bias appears cautiously positive. Nifty is likely to gravitate towards the 24,050–24,200 zone during the week, provided global cues remain stable. However, 22,900 remains a critical support level. A decisive close below this level would negate the bullish structure and trigger a sharper downside move towards 22,222. Trading Strategy: Recommend a Bull Call spread to position for a near-term upside. Traders may consider buying the 23,300 Call and selling the 23,800 Call of March 31 expiry. The strategy offers a favourable risk-reward with limited downside, while capturing gains if Nifty trends higher towards the upper resistance zone. It is well suited for a moderately bullish view amid improving technical setup.

TOP STOCK BETS

Advertisement

NMDC: CMP Rs 79.7 | Stop loss Rs 77.5 | Target Rs 84–89
Showing relative strength in a weak market, the stock is holding above its 20-week moving average, signalling a bullish bias with scope for fresh longs.


Power Grid Corporation: CMP Rs 297.6 | Stop loss Rs 290 | Target Rs 314–319
Decisively moved above its 200- DMA after nearly a year, signalling a potential trend reversal and renewed strength, with the setup favouring fresh long positions.
SUDEEP SHAH
VICE PRESIDENT & HEAD OF TECHNICAL AND DERIVATIVE RESEARCH, SBI SECURITIES

Where is Nifty headed this week?
Technically, the trend remains weak, with Nifty trading below key averages and RSI near oversold levels. Three successive rebounds were swiftly sold into, underscoring bearish dominance. Going ahead, 22,850–22,800 zone will act as immediate support. A sustained breach below this level could accelerate the decline towards 22,500. On the upside, 23,420–23,460 zone is likely to act as stiff resistance, with any pullback expected to face selling pressure.

Trading Strategy: The recommended Nifty options strategy for the March 24 expiry is a Put Spread, suited for a moderately bearish outlook. The trader buys one lot of the 23,100 strike Puts at a premium of Rs 210–215 and sells one lot of the 22,900 strike Puts at Rs 138–142.

This strategy limits both risk and reward. The breakeven point is 23,030. The maximum loss is Rs 4,500 if Nifty does not fall below 23,030, while the maximum profit is Rs 8,500 if Nifty closes at 22,900 or below on expiry.

Advertisement

TOP STOCK BETS
JB Chemicals & Pharmaceuticals: CMP Rs 2,138 | Stop loss Rs 2,030 | Target Rs 2,260–2,280

In a steady uptrend, the stock is trading above key moving averages, with higher highs and higher lows signalling strengthening momentum.

Coal India: CMP Rs 468 | Stop loss Rs 447 | Target Rs 500–515

Trading near its 52-week high, the stock shows sustained strength and outperformance, with higher lows reinforcing a bullish trend.

Advertisement

NAGARAJ SHETTI
SENIOR TECHNICAL RESEARCH ANALYST, HDFC SECURITIES

Where is Nifty headed this week?
The underlying trend of Nifty remains weak. The lack of strength in the upside bounce signals a possible breakdown of 22,900 support soon. On a breakdown, the next lower target is seen at 22,500. Immediate resistance is placed at 23,400.

Trading Strategy: The underlying trend remains weak. One may look to sell Nifty April futures and also sell on rises around 23,500 levels. Traders may also consider buying the 22,500 PE of April 7 expiry around Rs 260–230 for a potential downside towards 22,500. Short positions should be placed with a strict stop loss at Nifty spot 23,400.

TOP STOCKS BETS
West Coast Paper Mills: Buy at Rs 433| Stop loss Rs 414 | Target Rs 467 |

Advertisement

Timeframe: 1 Week After a recent sharp upmove, the stock shows a bullish breakout pattern with rising volumes and strengthening RSI signalling positive momentum.

Varun Beverages: Sell at Rs 401.5 | CMP Rs 401.8 | Stop loss Rs 417 | Target Rs 375 |

Timeframe: 1 week In a down-trend with lower tops and bottoms, the stock has resumed its decline after forming a lower top at Rs 418, with weak volume and RSI signalling continued downside.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

China’s marriages drop to decade low, deepening demographic concerns

Published

on

China's marriages drop to decade low, deepening demographic concerns
HONG KONG: Marriage registrations in China fell 6.2% year on year in the first quarter and are about half 2017 levels, official data show, underscoring the ‌demographic ⁠strain in ⁠a country where childbearing remains closely tied to marriage.

China recorded 1.697 million marriage registrations in the quarter, the Ministry of Civil Affairs said on Saturday.

The figures are the latest ⁠sign of ‌China’s deepening demographic challenges.

Also read: China’s April producer inflation at 45-month peak on energy price shock

China’s ​population ​fell for a fourth ⁠consecutive year in 2025, while its birth ​rate dropped to a record ​low, prompting warnings from demographers of further decline.

Advertisement


Couples in China have traditionally had children after marriage, reflecting both cultural norms and ‌administrative rules that have in some cases linked birth registration ​or ​access to ⁠benefits to a marriage certificate.
Authorities have rolled out a range of measures to encourage marriage and childbearing, including family subsidies, childcare support and efforts to reduce childbirth-related medical costs.

Continue Reading

Business

Cellular Intelligence acquires Novo Nordisk’s Parkinson’s cell therapy

Published

on


Cellular Intelligence acquires Novo Nordisk’s Parkinson’s cell therapy

Continue Reading

Business

Kraft Heinz downgrading frozen, elevating hydration

Published

on

The Kraft Heinz Co. launches electrolyte-infused Capri Sun

Changes reflect new CEO’s strategic priorities. 

Continue Reading

Business

Fragile Health and Missing Medication Raise Grave Concerns for 84-Year-Old

Published

on

Nancy Guthrie

TUCSON, Ariz. — Nearly 100 days after her suspected abduction from her Catalina Foothills home, Nancy Guthrie’s fragile medical condition continues to heighten fears for the 84-year-old mother of “Today” co-anchor Savannah Guthrie, with experts warning that the lack of critical daily medications and her reliance on a pacemaker could prove life-threatening.

Nancy was taken in the early hours of Feb. 1, 2026, in what authorities describe as a targeted kidnapping. She left behind her phone, medications, and other essentials after a struggle that left bloodstains confirmed to be hers at the scene. Her pacemaker stopped syncing with her devices around 2 a.m., adding urgency to concerns about her cardiac health.

Critical medical vulnerabilities

Nancy suffers from high blood pressure, cardiac issues requiring a pacemaker, and significant mobility limitations. She needs daily medications for hypertension, blood thinners, and anti-arrhythmic drugs. Law enforcement has repeatedly stressed that missing these medications for more than 24 hours could be fatal.

Advertisement

Cardiologists and emergency physicians consulted on the case have painted a dire picture. Without her regular regimen, Nancy faces risks of irregular heart rhythms, blood clots, severe hypertension spikes, or heart failure. The pacemaker helps regulate her heartbeat, but stress from the abduction — potentially including a violent struggle — could have triggered complications.

Sleep experts have raised additional alarms. If awakened abruptly around 2 a.m. during the suspected kidnapping, Nancy may have experienced sleep inertia — a disoriented state that, combined with her heart condition, could have elevated her risk of a heart attack. Experts note elderly patients with pacemakers are particularly vulnerable in such scenarios.

Her limited mobility compounds the danger. Family members describe Nancy as sharp-minded but physically frail, often in significant back pain and unable to walk far even on good days. Taken barefoot in pajamas without shoes or supportive aids, she would have struggled in any prolonged captivity or harsh environment.

Family and expert fears

Advertisement

Savannah Guthrie and her siblings have made emotional public appeals, repeatedly highlighting their mother’s urgent need for medication. On Mother’s Day, Savannah posted a heartfelt tribute urging anyone with information to come forward, emphasizing the family’s unwavering hope while acknowledging the medical realities.

Forensic and behavioral experts suggest the kidnappers may not have fully understood Nancy’s fragility. Some theorize that if she suffered a medical episode, captors could have abandoned her or disposed of her body when she was no longer “of value” for ransom. Declining ransom demands in reported notes have fueled speculation that her health may have deteriorated rapidly.

Investigation ongoing amid medical uncertainty

Pima County Sheriff’s Office and the FBI continue treating the case as an active abduction. Blood evidence, mixed DNA samples, and doorbell camera footage remain key pieces. A recent discovery of prehistoric human remains near the home briefly raised hopes before being ruled unrelated.

Advertisement

No suspects have been named, and ransom notes’ authenticity remains under review. The $1 million family reward stays active, with authorities pleading for tips. Elizabeth Smart, a survivor of prolonged abduction, has offered public encouragement, noting that hope can persist even in long cases.

Potential health scenarios

If Nancy remains alive and held captive, experts warn of cascading risks: dehydration, infection from untreated conditions, cardiac events, or mobility-related complications like blood clots from immobility. Without her pacemaker’s remote monitoring and daily meds, even short-term captivity could lead to irreversible damage.

If she was released or escaped early, her condition would still make survival challenging without immediate medical intervention. The desert environment around Tucson adds environmental stressors like temperature extremes.

Advertisement

Family’s resilience and public appeals

The Guthrie family has balanced private grief with public advocacy. Savannah returned to the “Today” anchor desk in April after time away but continues sharing emotional updates. The family’s message remains consistent: Nancy is a beloved mother, grandmother, and community member who needs her medication and deserves to come home.

As the case nears the 100-day mark, the intersection of law enforcement efforts and medical urgency underscores the race against time. Every day without resolution amplifies concerns about Nancy’s deteriorating health.

Broader lessons

Advertisement

The case has spotlighted vulnerabilities of elderly individuals living alone, the importance of home security, and rapid response in missing persons cases involving medical needs. It has also fueled conversations about media coverage disparities and community support for long-term searches.

Anyone with information is urged to contact the FBI tip line at 1-800-CALL-FBI or submit anonymously. The family and investigators continue hoping for Nancy’s safe return despite the medical challenges that make every passing day more critical.

Nancy Guthrie’s story is a painful reminder of how quickly life can change — and how medical conditions can transform an already harrowing situation into one of life-or-death urgency. Her loved ones and authorities refuse to give up, holding onto the possibility that she can still be brought home.

Advertisement
Continue Reading

Business

Heathrow sees passenger dip amid Iran conflict

Published

on

Heathrow sees passenger dip amid Iran conflict

The west London airport said 6.7 million passengers travelled through Heathrow in April.

Continue Reading

Business

Pre-Season Leg Laceration Required 24 Stitches but Driver Missed No Races in 2026

Published

on

Kyle Busch

CHARLOTTE, N.C. — Two-time NASCAR Cup Series champion Kyle Busch revealed in March that he suffered a gruesome leg injury just days before the start of the 2026 season, requiring 24 stitches after a freak accident at home, yet powered through to compete in every race so far this year for Richard Childress Racing.

Kyle Busch
Kyle Busch

Busch detailed the scary incident on his wife Samantha Busch’s “Certified Oversharer” podcast, describing how a stool collapsed while he was fixing a smoke detector, causing a deep laceration on his right leg that left him bleeding profusely. The 44-year-old driver was rushed to the hospital around midnight and spent more than three hours receiving emergency treatment.

“I look down and it’s not like you’re bleeding like a nosebleed. It is like pouring, like you’re gushing,” Busch recalled. Samantha drove him to the hospital with his leg propped up on the dashboard covered in towels. Doctors confirmed the cut sliced through fat but missed the muscle.

Near miss for 2026 season opener

The injury occurred shortly before the Cook Out Clash at Bowman Gray Stadium, raising immediate doubts about Busch’s availability for the season. Despite significant pain and blood loss, he recovered quickly enough to qualify on pole for the Daytona 500 — the first time in his career — and has not missed a Cup Series start in 2026.

Advertisement

Busch later laughed about the incident in interviews, downplaying its severity with his trademark humor: “Just sliced the fat, folks. Didn’t even get a muscle.” The story has since gone viral among NASCAR fans, who praised his toughness and dedication.

Recent on-track incidents spark new concerns

While the pre-season leg injury has healed, Busch has faced additional physical demands from on-track action. In early May at Texas Motor Speedway, he was involved in a late-race wreck with John Hunter Nemechek that drew NASCAR review but caused no reported injuries. At Watkins Glen, he was heard requesting medical attention post-race, though details remain limited and he has continued competing without missing events.

Busch’s ability to race through discomfort reflects his veteran experience and reputation as one of NASCAR’s toughest competitors. His 2015 Daytona crash, which resulted in compound fractures to both legs, remains a benchmark for his resilience after a remarkable recovery and eventual championships.

Advertisement

Impact on performance and team

Despite the early-season setback, Busch has remained competitive in the No. 8 Chevrolet for RCR. While wins have been elusive in 2026 so far, consistent finishes have kept him in playoff contention. The team has adapted around any lingering effects from the leg injury, focusing on car setup and strategy.

Samantha Busch has been vocal in supporting her husband, sharing insights into the family’s experience during his recovery period. The couple’s openness has humanized the high-risk world of NASCAR for fans.

NASCAR’s physical demands

Advertisement

Stock car racing places enormous strain on drivers’ bodies, with G-forces, heat, and crash impacts testing endurance. Injuries like Busch’s highlight the hidden risks even off the track. NASCAR’s safety protocols continue evolving, but drivers often push through pain to stay in championship hunts.

Experts note that deep lacerations carry risks of infection and mobility issues, yet Busch’s rapid return demonstrates elite fitness and medical support. His story serves as inspiration for athletes facing setbacks.

Fan and media reaction

The podcast revelation sparked widespread discussion across social media and NASCAR forums. Fans expressed admiration for Busch’s grit, with many sharing stories of their own injuries. The incident has also renewed conversations about driver safety and the mental toughness required in the sport.

Advertisement

As the 2026 season progresses, Busch remains a central figure. His experience, combined with RCR’s resources, positions him for strong runs as the playoffs approach. Any lingering effects from the leg injury appear minimal, though the physical toll of racing accumulates over time.

Looking ahead

Busch has shown no signs of slowing despite turning 44 and dealing with the off-season scare. His focus remains on winning races and contending for a third championship. The remainder of 2026 will test his endurance, but early indications suggest the veteran is as determined as ever.

For NASCAR fans, Kyle Busch’s injury story adds another layer to his legacy — not just as a champion, but as a driver who refuses to let setbacks define him. Whether battling on the track or recovering from unexpected home accidents, “Rowdy” continues proving why he remains one of the sport’s most compelling figures.

Advertisement

As the season unfolds, all eyes stay on Busch — watching to see if his resilience translates into more victories and another deep playoff run.

Continue Reading

Business

Busselton holiday park sold, another on the market

Published

on

Busselton holiday park sold, another on the market

Avocado famer Russell Delroy has added a Geographe Bay holiday park to his asset base, with the $9.8 million purchase preceding another property’s listing.

Continue Reading

Business

Priority Tech earnings beat by $0.09, revenue topped estimates

Published

on


Priority Tech earnings beat by $0.09, revenue topped estimates

Continue Reading

Business

Mizuho cuts Immunocore stock price target to $34 on trimmed revenue

Published

on


Mizuho cuts Immunocore stock price target to $34 on trimmed revenue

Continue Reading

Business

German energy giant E.ON agrees deal to buy Stephen Fitzpatrick’s Ovo Energy

Published

on

Business Live

The agreement is subject to regulatory approvals but would create one of the UK’s biggest household suppliers

Ovo was founded by Stephen Fitzpatrick

Ovo is headquartered in Bristol(Image: Ovo)

Bristol-headquartered energy firm Ovo has agreed to sell its UK energy retail business to European giant E.ON, subject to regulatory approval. The German supplier said on Monday (May 11) the transaction represented “a significant investment” in the UK market and was about “accelerating consumer energy flexibility”.

Ovo and E.ON will continue to operate as separate companies until the approval process completes, which is expected to be in the second half of the year.

Advertisement

Chris Norbury, chief executive of E.ON UK, said: “For decades the UK energy system focused too much on those upstream. Now is our opportunity to change that. Solar, batteries, EVs and a retailer built to orchestrate. That is what this deal is about: customers in control and new energy that works for everyone.”

It is understood that for customers of E.ON Next and Ovo there will be no change during the regulatory review period and existing tariffs will be “honoured in full” while services will continue unchanged.

“Bringing Ovo together with E.ON is the right next step for customers, for colleagues, and for the long-term commitment that decarbonisation requires,” Stephen Fitzpatrick, founder of Ovo, said.

On completion of the deal, E.ON said it would continue the existing licence agreement with energy intelligence platform Kaluza in respect of OVO’s customer base. The parties will also evaluate the potential adoption of Kaluza across the wider E.ON group outside of the UK, the company said.

Advertisement

Mr Norbury added: “It is not about scale for its own sake. It is about building a retailer with the capability, the technology and the customer base to make new energy work for everyone. We chose Ovo because it’s a modern digitally native business with great people and a shared belief that innovation is what can make energy affordable and sustainable for everyone.”

Elsewhere Ovo has also agreed a deal to sell its boiler insurance and servicing arm – Home Services – to Hometree, subject to regulatory approval. It is understood Ovo will work closely with E.ON and Hometree through the regulatory process.

Ovo was established by Mr Fitzpatrick – also founder of Bristol ‘flying taxi’ company Vertical Aerospace – in 2009 as a disrupter to the legacy ‘big six’ companies.

Today, Ovo is one of the biggest energy firms in the UK, with some four million customers. In 2019, the business snapped up SSE’s household energy and related services business for £500m in a bid to accelerate its expansion plans. But by 2022, as the industry was hit by a gas price crisis, the business was forced to cut nearly a quarter of jobs from its workforce.

Advertisement

In December last year, Ovo confirmed it was consulting on another 200 roles as part of proposals submitted to industry watchdog Ofgem to prove it complies with new financial standards.

“We’re making changes that bring us closer to customers and sharpen our focus as an energy retailer,” Ovo said at the time.

“Our actions will help us build a stronger, more resilient business that better serves our customers and meets regulatory requirements. Where roles are affected, we will consult fully and support colleagues throughout.”

The news came just a month after the company’s chief executive, David Buttress – a former boss of Just Eat – announced he was stepping down from the business after just 18 months.

Advertisement
Continue Reading

Trending

Copyright © 2025