Shamli (UP), Dec 24 | Dharampal Singh, 85, has finally been acquitted for want of evidence by Additional Chief Judicial Magistrate.
It took him 35 years of a legal battle and more than 400 hearings to prove his innocence. He was booked in 1986 for allegedly making pesticide illegally in his house.
Dharampal Singh, a farmer from Haran village in Shamli district, said after his acquittal, “It feels like a huge burden has been lifted from my shoulder.”
His brother, Kunwarpal, was a co-accused but he died five years ago.
Another person, Liyaqat Ali, booked in the case was earlier declared an absconder by court.
“I have lost my reputation, money and mental peace during the long legal battle. It took long to get justice, but now I am happy that truth has prevailed. I would like to thank the honourable court for giving me relief. I have lost a lot of money and time making rounds to court for appearing in nearly 400 hearings in the case,” he told reporters.
In November 1986, Thana Bhawan police booked two brothers, Dharampal and Kunwarpal, and one Liyaqat Ali for allegedly making pesticide without licence. Police had also claimed to have recovered 26 bags of pesticide while they were being loaded into a truck.
The three were booked under various sections of IPC, including section 420, and arrested them. After spending 18 days in jail, the three were released on bail.
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.
Source: Choice India