6 terror suspects held in Punjab grenade attack; Pak’s ISI involved

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Chandigarh, May 13 | Punjab Police on Friday claimed to have achieved a major breakthrough in the rocket-propelled grenade blast in Mohali earlier this week with the arrest of six terror suspects. Babbar Khalsa International was involved in the attack carried out on the behest of Pakistan intelligence agency ISI.

Director General of Police (DGP) V.K. Bhawra told the media here that they have cracked the case. Canada resident Lakhbir Singh Landa, a close associate of Pakistan-based Khalistani terrorist Harvinder Singh Rinda, is the main conspirator of the attack.

Landa, who shifted to Canada in 2017, is an associate of Rinda, who had hatched the conspiracy.

Both work for the Babbar Khalsa International and the ISI, he said.

The arrested include Kanwar Bath, Baljeet Kaur, Baljeet Rambo, Anandeep Sonu, Jagdeep Kang and Nishan Singh. Nishan Singh allegedly provided the rocket-propelled grenade that caused the blast.

Rambo, a resident of Tarn Taran, picked up AK-47 rifle and gave to Chadat Singh, who is absconding.

Mohammad Aseem Alam and Mohammad Sarafraj, both Noida residents who hail from Bihar, have been arrested, police said.

Nishan Singh was the first arrest in the case. He got the rocket-propelled grenade (RPG) from Landa and gave it to three persons.

The grenade hit the Intelligence bureau headquarters in an upscale locality of Mohali near here on Monday evening, shattering window panes on the third floor of the building.

“The RPG was fired from a distance by unidentified persons who are believed to have fled in a vehicle. A Swift car was spotted at the spot,” a police officer had told IANS, adding “before the attack a recce was carried out by two miscreants”.

The attack was aimed to harm high-level Organised Crime Control Unit officials who have offices in the Intelligence wing headquarters.

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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