1 killed as bus falls off road after collision with car

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Hyderabad, Oct 6 | One person was killed and 11 injured when a TSRTC bus fell off the road after collision with a car in Telangana’s Peddapalli district on Wednesday, police said.

The accident occurred near Battupally in Manthani mandal when the Telangana State Road Transport Corporation (TSRTC) bus collided with a car coming in the wrong direction.

Both the bus and car fell off the road. The car driver was killed while 11 bus passengers, including driver and conductor were injured. Three of them received grievous injuries. The injured were admitted to hospitals.

The bus, which was on its way from Bellampally to Hanamkonda, lost control after the collision with the car and both the vehicles fell into the roadside ditch.

According to eyewitnesses, the car driver was driving vehicle on the wrong side which led to the accident. The conductor said the car suddenly came on the right side and though the bus driver tried his best to avoid the collision, he could not control the vehicle.

Meanwhile, a police head constable was killed when a bike he was riding was hit by a truck at Kukatpally in Hyderabad. The accident occurred on Tuesday night.

Eshwaraiah was attached to the Shamshabad police station of Cyberabad police commissionerate.

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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