BJP outlines strategy to select candidates for Assembly polls

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New Delhi, Nov 16 | The BJP is likely to begin the process of selecting its candidates from December for the upcoming Assembly polls in five states.

A senior BJP leader associated with the party’s election management told IANS that while selecting the party candidates, the BJP will take into account the strength of the opposition parties on a particular Assembly seat as well as consider all caste equations.

The BJP will select the candidates by adopting a two-pronged strategy.

The BJP leader told IANS that while on many seats there will be a direct fight with the opposition parties, on many seats the contest will be triangular or multi-cornered. On the basis of the analysis of these situations, the BJP will choose its candidates and decide whether to give tickets to the sitting MLAs again or not.

He said while adopting the party’s mantra of ‘Sabka Saath, Sabka Vikas and Sabka Vishwas’, the BJP would keep in view the social engineering equations of the particular region during the selection of candidates.

Speaking about Uttar Pradesh, on the basis of the current caste equations, it is expected that there will be a direct political fight between the BJP and the Samajwadi Party (SP) on the majority of seats in the state.

The BJP candidates must get 40 to 45 per cent votes to win these seats. In seats where the BJP will compete with the candidates of SP, Bahujan Samaj Party, Congress or other opposition parties, its candidates can win even by securing 30 to 35 per cent votes.

In Goa, the BJP will be involved in a direct fight with the Congress, although regional parties such as the Goa Forward Party and the Maharashtrawadi Gomantak Party will pose a tough political challenge to the BJP on some Assembly seats.

But now with parties like the Aam Aadmi Party (AAP), Trinamool Congress and the Shiv Sena entering the electoral fray in Goa, it is likely that the contest in many seats could be multi-cornered. The BJP is preparing an in-depth analysis of the strength of the opposition parties.

Despite the entry of the AAP in Uttarakhand, the BJP is assuming that it will have a direct fight with the Congress in the state. The BJP will follow a similar two-pronged strategy while selecting candidates in poll-bound Punjab and Manipur.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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