Beirut, Oct 14 | At least two persons were killed and several others were injured in a shooting in Lebanon’s capital Beirut, al-Jadeed local TV channel reported on Thursday.
The incident happened during a planned protest by supporters of Hezbollah and Amal Movement against Judge Tarek Bitar who is investigating the case of Beirut port explosions, Xinhua news agency reported.
Hezbollah and Amal Movement started the protests in reaction to an arrest warrant issued on Tuesday by Bitar against Lebanese parliament member Ali Hassan Khalil after he failed to attend a questioning session.
The Lebanese army announced that it is searching the Tayouneh area near Justice Palace to arrest the shooters.
Prime Minister Najib Mikati urged a halt of clashes to avoid further escalations and sectarian strife.
Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.
The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.
In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.
Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.
Source: Choice India