Green Park multi-level parking collapse due to pallet displacement: Official


New Delhi, Nov 3 | A portion of the automated multi-level parking at Delhi’s Green Park area collapsed due to a technical glitch in its pallets, an SDMC official said on Wednesday.

On Tuesday night, a few platforms of the multi-level parking system, built just a year ago, collapsed, causing problems to those who had parked their cars.

The automated entrance gate of tower 4 was unable to open and close for a few hours due to the pallet displacement.

No casualties or damages to cars were reported in the incident.

The official on condition of anonymity told IANS that maintenance work was being carried out.

He said that pallets displacement was noticed in the lift that carries vehicles to the upper storey of parking. Due to this, the automated gate was unable to open and shut which created disturbance in the regular operation.

The official added that maintenance check-up continues regularly without any interval.

Another official said that as the regular operation was on halt, some customers started applying forces to open the automated gates which also added to the problems in opening and shutting down of the door. However, the problem was rectified shortly thereafter, said the parking official.

The automated stack parking facility was inaugurated in November last year by Lieutenant Governor Anil Baijal and Central Minister R.K. Singh along with senior SDMC officials.

There are four towers in the multi-level parking with a capacity to accommodate 136 vehicles at a time. The vehicles are parked on platforms in such automated stack parking here.

AAP leaders Somnath Bharti, Atishi and Saurabh Bhardwaj are likely to hold a press conference on the issue at 12 p.m.

Source: IANS

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

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

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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