N.Korea fires 2 missiles from Pyongyang airfield: Seoul

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Seoul, Jan 17 | North Korea fired two suspected short-range ballistic missiles eastward from an airfield in Pyongyang on Monday, South Korea’s military said.

The Joint Chiefs of Staff (JCS) said it detected the projectiles fired from the Sunan airport at 8.50 a.m. and 8.54 a.m., respectively, and that they flew about 380 km at an altitude of 42 km, reports Yonhap News Agency.

“For more specific information, the intelligence authorities of South Korea and the US are conducting a detailed analysis,” the JCS said in a statement without further details.

The latest firing came just three days after the North launched two suspected short-range ballistic missiles into the East Sea that it later claimed to be guided missiles fired by a railway-borne regiment during a firing drill.

Monday’s firing from Pyongyang appears to underscore the North’s evolving capabilities to launch missiles from various platforms, including trains, subsurface assets and land-based facilities.

Last week, Pyongyang warned of a “stronger and certain reaction” to the US’ recent imposition of fresh sanctions on six North Koreans involved in the regime’s weapons of mass destruction and ballistic missile programs.

The North also test-fired its self-proclaimed hypersonic missile on January 5 and 11, ratcheting up tensions amid an impasse in nuclear negotiations with the US.

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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