Abbas discusses Israeli-Palestinian conflict with US envoy to UN


Ramallah, Nov 18 | Palestinian President Mahmoud Abbas discussed the Israeli-Palestinian conflict with US Ambassador to the UN Linda Thomas-Greenfield.

During their meeting at his office here on Wednesday, Abbas warned that Israel’s practices in the Palestinian territories “would undermine the vision of the two-state solution”, Xinhua news agency quoted an official statement as saying.

The President informed the envoy that the leadership in Ramallah rejects the Israeli government’s decision to classify six Palestinian non-government organisations as terrorist groups.

The statement also said that he told Thomas-Greenfield that the Palestinians reject the Israeli policies against the Palestinians in East Jerusalem.

Abbas reaffirmed the Palestinian side’s commitment to peace and to holding an international peace conference under the auspices of the international Quartet, which consists of the UN, the US, the European Union and Russia.

Following the meeting, the Ambassador tweeted: “Today I met with Palestinian President Mahmoud Abbas. We discussed rebuilding the US-Palestinian relationship, ensuring UNRWA lives up to its commitments, the importance of respecting human rights, and our shared commitment to a two-state solution.”

The last direct peace talks between Israel and Palestine, which were sponsored by the US and lasted for nine months, stopped in 2014 following deep disagreements on issues related to Jewish settlements, borders and security.

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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