Friday prayers end peacefully in J&K, mobile phone services being restored

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Srinagar, Sep 3 | As the overall law and order situation in the Kashmir Valley remained generally peaceful on Friday in the aftermath of senior separatist leader, Syed Ali Shah Geelani’s death, authorities are mulling phased relaxation of the imposed restrictions.

J&K police chief Dilbag Singh said the situation remained totally under control without any untoward incident on Friday.

Inspector of General, Kashmir, Vijay Kumar said that voice call and Internet facility would be restored on all mobile phones by 10 p.m. on Friday.

Authorities had imposed restrictions throughout the Valley on Thursday and suspended mobile telephone operations and Internet facility after the burial of Geelani at the Hyderpora graveyard in Srinagar.

Voice calling, however, remained available on postpaid BSNL mobile phones and broadband also remained functional on dedicated BSNL broadband connections.

Friday prayers were offered by people in local mosques in the Valley as the authorities did not allow large prayer assemblies anywhere.

Reports of stray incidents of clashes between stone-pelting youth and the security forces came in from some places in Srinagar city and Pulwama district, but the authorities said these were promptly controlled without any injury to anyone.

Meanwhile, Kashmir University announced postponement of all exams scheduled on Saturday.

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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