DRDO Espionage Case: Odisha police finds involvement of another woman

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Bhubaneswar, Nov 6 | The crime branch of Odisha police, which is investigating the DRDO espionage case, has detected involvement of another woman and Mumbai link in the sensitive case, a senior police officer said on Saturday.

Earlier, the crime branch had found involvement of a female operative, suspected to be from Pakistan, in the espionage case at DRDO’s Integrated Test Range (ITR) in Odisha’s Balasore district.

Another female operative was in touch with one of five ITR arrested employees of the Chandipur ITR and money transaction has also been detected, said Additional Director General (ADG), crime branch, Sanjeeb Panda.

Panda said the woman had come in contact with one of the accused identifying herself as a native of his area and presently working in Dubai.

After establishing a contact with the accused, the woman had borrowed Rs 40,000 with a promise to return. Accordingly, the accused transferred Rs 40,000 in two instalments to two different bank accounts in Mumbai on April 18, 2021, the ADG said.

On the very next day, the amount was returned to the SBI account of the accused at Chandipur branch, Panda said, adding, “We suspect that the money transaction was made to win the confidence of the accused.”

The ADG further said a team of the crime branch will soon visit Mumbai for further investigation into the case.

Notably, the Odisha police on September 14 had arrested five contractual employees of the Defence Research and Development Organisation (DRDO) unit at Chandipur, on charges of sharing classified defence information with unknown foreign agents, suspected to be from Pakistan.

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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