BJP to name CM of Goa, U’khand on Monday

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New Delhi, March 21 | Ending days of speculation, the BJP will finally name the new Chief Ministers of Goa and Uttarakhand on Monday.

The announcement will be made during BJP legislative party meetings in Panjim and Dehradun at 4 p.m. and 4.30 p.m, respectively..

Sources have said that about two hours after the meeting in Panjim, leader of the BJP legislative party will meet the state Governor and formally stake claim to form the government.

Union Ministers and BJP central observers Narendra Singh Tomar and L. Murugan will arrive in the coastal state for the election of legislative party leader.

Sources in the Goa BJP said that the swearing in ceremony of the new state government will take place on Wednesday.

Meanwhile, the meeting at the BJP headquarters in Dehradun will be attended by Union Ministers Rajnath Singh and Meenakshi Lekhi.

“All the newly elected members of the Uttarakhand Assembly will take oath at 11 a.m. today and in the evening at 4.30 pm BJP’s legislative party will be meeting to elect the new Chief Minister of the state,” a party leader said.

On Sunday evening, a meeting of the top BJP leadership was held at Prime Minister Narendra Modi’s official residence to discuss the government formation in Uttarakhand, Uttar Pradesh and Goa.

“The key agenda of discussion was the Chief Minister of Uttarakhand where incumbent Pushkar Singh Dhami lost the Assembly polls despite the party winning two-third majority,” a party insider said.

Also on Sunday, the BJP announced the name of incumbent N. Biren Singh as the Chief Minister of 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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