K’taka CM gets BJP high command support in Bitcoin scandal issue

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Bengaluru, Nov 15 | Karnataka Chief Minister Basavaraj Bommai, who is facing a storm over the sensational charges in the Bitcoin scandal, has got the backing of the BJP high command, sources in the party said.

According to party sources, Union Home Minister Amit Shah has directed party President J.P. Nadda to contain and rein in BJP leaders in Karnataka who are indulging in spreading rumours to create confusion in the political scenario of the state.

Bommai had briefed Amit Shah about two cabinet ministers who are spreading rumours and leaking information to the Congress party leaders on the Bitcoin scandal. Bommai had requested to contain the activities of these ministers who are trying to bring uncertainty to the government.

Amit Shah had assured Karnataka Chief Minister that the party will take care of these leaders and see to it that they are tamed and warned. Accordingly, J.P. Nadda has taken the leaders indulging in spreading rumours on the Bitcoin scandal for their political advantage to task and reprimanded them to face the opposition in unity, sources explain.

Bommai is taking on the Congress confidently ever since the BJP high command assured him of their support. The Karnataka Police Department had given point to point rebuttal to the allegations made by Congress general secretary in-charge of Karnataka Spokesperson Randeep Singh Surjewala and state Congress MLA Priyank Kharge.

As per the directions of the high command, the BJP leaders have started issuing rebuttals ridiculing the Congress leaders. BJP MP Pratap Simha chided a Congress leader that his name was ‘very feminine’. “You kept the name of the daughter of Late Prime Minister Rajiv Gandhi,” he ridiculed.

The police department press note claimed their investigations ‘could not be guided by the Twitter handles, but they have to carry out due procedure in accordance with law in connection with the Bitcoin scandal investigations.

Bommai and state Home Minister Araga Jnanendra openly challenged the opposition to submit documents on the scandal to the Enforcement Directorate (ED). Former Chief Minister B.S. Yediyurappa also came forward to defend his protege Bommai over allegations.

However, while the BJP is in damage control mode, Congress leaders are celebrating as they were able to embarrass the ruling BJP in state and raise questions on Prime Minister Narendra Modi at New Delhi.

Sources in the Congress said that the infighting within Karnataka BJP has not been quelled. The BJP leaders, who don’t want Bommai to be the face of the party during the next general elections, will continue to come out with documents in connection with the Bitcoin scandal, sources added.

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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