BJP rubbishes Malik’s allegations, denies Fadnavis links with mafia

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Mumbai, Nov 10 | Hitting back, the Bharatiya Janata Party on Wednesday denied the allegations made by Nationalist Congress Party Minister Nawab Malik that Leader of Opposition Devendra Fadnavis had mafia links.

Fadnavis tellingly hit out a tweet, quoting George Bernard Shaw: “I learned long ago, never to wrestle with a pig. You get dirty, and besides the pig likes it!”

Talking to media persons, BJP leader and former minister Ashish Shelar countered by displaying photos of the absconder goon Riyaz Bhatti with Chief Minister Uddhav Thackeray, NCP President Sharad Pawar, Malik, Prithviraj Chavan, Aslam Shaikh and other top MVA leaders with a warning: “You show one, we will show you four pictures”.

“Malik had promised a ‘hydrogen bomb’, but he failed… He’s clearly frustrated and needs ‘oxygen’ now… Despite all his efforts, he could not defame or malign Fadnavis,” claimed Shelar.

He demanded to know why the Maha Vikas Aghadi government has not taken any action on all the names Malik has revealed, and said all the allegations are false.

Earlier on Wednesday, Malik said that the Prime Minister’s security may have been compromised after Bhatti managed to enter a VVIP event and even clicked photos with the PM, courtesy Fadnavis.

“There’s no link between Fadnavis and Riyaz Batti… He went absconding under the MVA rule… Is the NCP giving him protection? Is Bhatti part of the Sachin Vaze extortion gang,” Shelar asked.

He accused Malik of shielding criminals, trying to deflect the attention of the minorities by dragging in Muslim names and defaming them, including Congress Minister Aslam Shaikh.

Malik had also charged Fadnavis with rewarding persons with shady credentials or involvement in questionable activities with plum government panel postings.

Shelar said that these persons accused by Malik, like Munna Yadav, have only political cases, while others like Hyder Azam and Haji Arafat Shaikh would reply to the NCP leader’s charges independently.

Endorsing Fadnavis’ allegations of Tuesday, he questioned Malik’s Kurla land deal with persons close to the mafia and demanded that Thackeray should lodge an FIR against the NCP minister for his business deals with such elements.

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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