Mamata to meet Modi today

Mamata to meet Modi today
Mamata to meet Modi today

Kolkata, Nov 24 | West Bengal Chief Minister Mamata Banerjee, who is on a four-day visit to the national capital, will meet Prime Minister Narendra Modi at 5 p.m. on Wednesday.

The Chief Minister would be discussing several important issues like the extension of the territorial area of the Border Security Force, the recent political violence in Tripura, and the dues of the state which according to the Trinamool government are pending with the Central government.

Banerjee had earlier criticized the Centre and the BJP government in Tripura for unleashing violence on the Trinamool Congress and had said that she would talk to the Prime Minister on this issue.

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Speaking to the media before going to Delhi on Monday evening, the Chief Minister had said: “I shall speak to him on the extension of jurisdiction by the BSF. They are bulldozing the states in the name of cooperative federalism. This cannot continue. I shall speak to the Prime Minister about it,” she had said.

She had expressed her displeasure regarding the recent violence in Tripura just before the civic polls.

“Where did the Human Rights Commission go?” she asked. The whole country has witnessed the assassination of democracy in Tripura. In such a BJP-ruled state, people are suffocating. Why there is no word about the Human Rights Commission and Article 355 in our case in Tripura. What has happened now?” she asked.

The Chief Minister went on to say, “How many letters have been sent to the Tripura government from the Union Ministry of Home Affairs. They used to send letters to us regularly. In our state, there was an election. So many leaders came here regularly. We did not stop anyone. Why is this happening in Tripura?

Bannerjee, who had gone to Delhi on November 25, is likely to return to Kolkata on Thursday.

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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