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EquityPandit

EquityPandit
MEDIA

Instagram Rolls Out Testing of ‘Instagram Lite’ in India

Photo and video-sharing platform Instagram on Wednesday said that it is testing ‘Instagram Lite’ app in India, before it rolls out globally. Earlier, the company had tested and rolled out many new features in India first, including its short video “Instagram Reels”.
“India is an important market for us and has been a testing ground for innovation… India was one of the first few countries where we tested Reels, and the first country where we launched the Reels tab…In order to expand the appeal of Instagram to users across the country, today we’re announcing the test of Instagram Lite in India,” Vishal Shah, Vice President- Product, Instagram at Facebook, said at the Facebook Fuel for India, 2020 event.
Shah added that ‘Instagram Lite’ occupies less space and is less than two megabytes in size. It has been built to provide access and high quality experience without consuming much data to users in India, irrespective of the device platform and network that they are on.
The user experience on the new app is similar to the full version app, although there are some features that are currently not available on the lite version such as Reels, Shopping and IGTV. The app is available in different regional languages including Bangla, Kannada, Malayalam, Gujarati, Marathi, Punjabi, Hindi, Tamil and Telugu.
Facebook and other social media companies like LinkedIn and Twitter also offers similar lighter apps for helping users to access key features of the platform with lower data consumption and faster loading time.

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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 5.69%.

Technically, NIFTY IT share price will see immediate support at 31,702.25 and immediate resistance would be seen at 33,648.50.

If NIFTY IT share price closes below immediate support of 31,702.25, then sharp breakdown can be seen. NIFTY IT share price will see major support at 31,018.40 for the week.

34500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.0032000.0032000.00Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8May 13May 13May 16May 16May 21May 21May 24May 24May 29May 29Reversal Level 33002.63BuySell

On the positive side, immediate resistance will be seen at 33,648.50. Closing above 33,648.50, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,910.90 for the week.

Trading range for NIFTY IT share price for this week should be between 29,756.00 on down side and 35,594.75 on up side.

NIFTY IT Previous Week High: 34227.05

NIFTY IT Previous Week Low: 32280.8

NIFTY IT Previous Week Range: 1946.25 Points

NIFTY IT share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type Value
Resistance 3 35,594.75
Resistance 2 34,910.90
Resistance 1 33,648.50
Support 1 31,702.25
Support 2 31,018.40
Support 3 29,756.00
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 2.66%.

Technically, NIFTY IT share price will see immediate support at 33,311.35 and immediate resistance would be seen at 34,217.65.

If NIFTY IT share price closes below immediate support of 33,311.35, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,798.40 for the week.

35500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30May 6May 6May 9May 9May 14May 14May 17May 17May 22May 22Reversal Level 33530.36Buy

On the positive side, immediate resistance will be seen at 34,217.65. Closing above 34,217.65, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,611.00 for the week.

Trading range for NIFTY IT share price for this week should be between 32,405.05 on down side and 35,123.95 on up side.

NIFTY IT Previous Week High: 34098.05

NIFTY IT Previous Week Low: 33191.75

NIFTY IT Previous Week Range: 906.3 Points

NIFTY IT share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type Value
Resistance 3 35,123.95
Resistance 2 34,611.00
Resistance 1 34,217.65
Support 1 33,311.35
Support 2 32,798.40
Support 3 32,405.05
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 3.25%.

Technically, NIFTY IT share price will see immediate support at 32,778.50 and immediate resistance would be seen at 33,875.95.

If NIFTY IT share price closes below immediate support of 32,778.50, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,175.15 for the week.

36000.0036000.0035500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Apr 3Apr 3Apr 8Apr 8Apr 12Apr 12Apr 18Apr 18Apr 23Apr 23Apr 26Apr 26May 2May 2May 7May 7May 10May 10May 15May 15Reversal Level 33112.37Buy

On the positive side, immediate resistance will be seen at 33,875.95. Closing above 33,875.95, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,370.05 for the week.

Trading range for NIFTY IT share price for this week should be between 31,681.05 on down side and 34,973.40 on up side.

NIFTY IT Previous Week High: 33766.7

NIFTY IT Previous Week Low: 32669.25

NIFTY IT Previous Week Range: 1097.45 Points

NIFTY IT share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 34,973.40
Resistance 2 34,370.05
Resistance 1 33,875.95
Support 1 32,778.50
Support 2 32,175.15
Support 3 31,681.05
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 2.20%.

Technically, NIFTY IT share price will see immediate support at 32,639.30 and immediate resistance would be seen at 33,378.25.

If NIFTY IT share price closes below immediate support of 32,639.30, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,343.45 for the week.

36000.0036000.0035500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Mar 26Mar 26Apr 1Apr 1Apr 4Apr 4Apr 9Apr 9Apr 15Apr 15Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8Reversal Level 33450.22

On the positive side, immediate resistance will be seen at 33,378.25. Closing above 33,378.25, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 33,821.35 for the week.

Trading range for NIFTY IT share price for this week should be between 31,900.35 on down side and 34,117.20 on up side.

NIFTY IT Previous Week High: 33525.5

NIFTY IT Previous Week Low: 32786.55

NIFTY IT Previous Week Range: 738.95 Points

NIFTY IT share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 34,117.20
Resistance 2 33,821.35
Resistance 1 33,378.25
Support 1 32,639.30
Support 2 32,343.45
Support 3 31,900.35
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 3.26%.

Technically, NIFTY IT share price will see immediate support at 32,468.32 and immediate resistance would be seen at 33,570.67.

If NIFTY IT share price closes below immediate support of 32,468.32, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,028.23 for the week.

38000.0038000.0037500.0037500.0037000.0037000.0036500.0036500.0036000.0036000.0035500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Mar 18Mar 18Mar 21Mar 21Mar 27Mar 27Apr 2Apr 2Apr 5Apr 5Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30Reversal Level 33497.02Sell

On the positive side, immediate resistance will be seen at 33,570.67. Closing above 33,570.67, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,232.93 for the week.

Trading range for NIFTY IT share price for this week should be between 31,365.97 on down side and 34,673.02 on up side.

NIFTY IT Previous Week High: 33792.85

NIFTY IT Previous Week Low: 32690.5

NIFTY IT Previous Week Range: 1102.35 Points

NIFTY IT share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 34,673.02
Resistance 2 34,232.93
Resistance 1 33,570.67
Support 1 32,468.32
Support 2 32,028.23
Support 3 31,365.97
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