KCR, Deve Gowda discuss ‘topics of national importance’

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Bengaluru, May 26 | Telangana Chief Minister Chief Minister K. Chandrashekar Rao on Thursday called on former Prime Minister H.D. Deve Gowda at his residence here and discussed “topics of national importance”.

The meeting was long a key topic of discussion in political corridors in connection with bids to form a ‘third front’ opposing both the BJP and the Congress.

The Telangana Chief Minister, who also heads the Telangana Rashtra Samithi, avoided meeting Prime Minister Narendra Modi, who was in Hyderabad on Thursday. On an earlier occasion too, he did not meet the PM during his visit to Hyderabad citing health reasons.

KCR, as the leader is popularly known, was welcomed by Deve Gowdaa’s son and former Chief Minister H.D. Kumaraswamy and grandson, politician and actor Nikhil Kumaraswamy at their residence in Bengaluru.

On the meeting, Deve Gowda, in a social media post, said: “We exchanged views on various topics of national importance. It was a candid and cordial meeting.”

The meeting has assumed importance as KCR had met his New Delhi and Punjab counterparts, Arvind Kejriwal and Bhagwant Mann, respectively, of the Aam Aadmi Party recently, as well as Samajwadi Party chief Akhilesh Yadav.

The talk of formation of a third front came to the front then.

Meanwhile, as senior BJP spokesperson in Karnataka slammed Chandrashekar Rao for avoiding meeting PM Modi who has arrived in Hyderabad. “Not able to face PM Modi, Telangana CM has escaped to Karnataka. He is taking blessings from the father of family politics here”.

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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