Major operation against drug traffickers in Colombia

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Bogota, Nov 20 | In a major operation by the security authorities in Colombia, 90 drug traffickers have been captured.

Colombian President Ivan Duque on Friday announced that the authorities captured 90 suspected members of the Clan del Golfo (Gulf Clan) criminal organisation in a nationwide dragnet, reported Xinhua news agency.

“More than 300 uniformed members of the criminal investigation service carried out the mega operation ‘Demolisher’ in seven departments of the country,” dealing a heavy blow to the group, Duque said via Twitter.

“In simultaneous operations led by our #Public Force … 90 alleged members of subgroups of the ‘Clan del Golfo’ were captured,” added Duque.

The operations were carried out in the departments of Antioquia, Atlantico, Cordoba, Bolivar, Choco, Cesar and Magdalena.

On October 23, Colombian authorities captured the top leader of the Gulf Clan, Dairo Antonio Usuga, alias “Otoniel,” for whom they offered 7,95,000 US dollars for his capture.

His arrest marked the most important blow to drug trafficking
this century, according to Duque.

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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