CJI takes bullock cart ride duirng a visit to native village


Vijayawada, Dec 24 | Chief Justice of India Justice N.V. Ramana took a bullock cart ride during his visit to native village Ponnavaram in Krishna district of Andhra Pradesh.

On his first visit to the village after assuming office of the CJI in April this year, he along with his wife took bullock cart ride to reach the village from the outskirts.

The CJI, who received a grand welcome from the villagers and the district administration, offered prayers at the local temple.

As soon as the CJI’s convoy reached the borders of the village, people gathered there offered a traditional welcome. Justice Ramana and his wife were then guided to a specially decorated bullock cart which took them to the village.

A festive atmosphere prevailed in the village and for many it was early Sankranti. Folk artists were seen playing traditional musical instruments and performing folk dances as part of the celebrations.

The villagers were elated to see the son of soil in their midst after reaching the top most position in the judiciary. They arranged a civic reception in his honour.

Earlier, district collector, superintendent of police and other officials, public representatives and leaders of various political parties accorded the CJI warm welcome when he reached Garikapadu checkpost to enter the district.

Justice Ramana will spend four hours in the village before returning to Vijayawada. He is scheduled to visit Kanaka Durga temple on Saturday morning. He will attend a High Tea being hosted by the state government the same evening.

A civic reception will also be organised in Vijayawada. Rotary Club of Vijayawada will felicitate him and present him with the Lifetime Achievement Award.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

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The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India



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