Nagaland killings: SIT questions Army personnel, locals

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New Delhi, Dec 29 | The special investigation team probing killing of locals in Nagaland grilled 14 Indian Army personnel and a few locals, sources said on Wednesday.

The SIT, comprising of local police and Army officers also held meeting with Konyak Union and Konyak Students Union along with relatives of the deceased and village representatives.

The team reached Oting village of Nagaland where the incident took place for forensic details.

Last week, the Indian Army said its inquiry into the December 4 incident of Civilian killings in Nagaland is progressing expeditiously and all efforts are being made to conclude it at the earliest.

“We have taken out notices for people to come forward and assist us in the inquiry by providing any information including videos, photos or any other material from original sources and will be grateful for the same. This can be conveyed on WhatsApp Messenger at +916026930283 or Army Exchange Helpline +913742388456”, the Army had said in a statement.

The Indian Army is also said that they are fully cooperating with the Special Investigation Team(SIT) inquiry ordered by State Govt and required details are being shared in timely manner.

“The people of Nagaland have always cooperated and assisted the security forces in maintaining peace and tranquillity over the last many decades. We share a deep bond of brotherhood, trust and friendship with you. Let us work together for a brighter & better future,” the Indian Army said.

On December 4, Saturday around 4.00-4.30 p.m., a unit of the ’21 Para Special Forces’ organised an ambush on suspected NSCN (K) Yung Aung faction cadre near Tiru village, Mon district, and instead of gunning down the suspected militants, killed eight civilian miners belonging to Oting village who were returning home in a pickup truck when the attack took place.

Out of the 8 (eight) miners, 6 (six) were immediately killed as a result of the ambush and 2 (two) were severely injured. The villagers on searching for the missing miners and discovering their bodies retaliated in anger on the local armed forces and in the ensuing firefight 7 (seven) more civilians and one jawan were killed.

On December 5 (Sunday) agitated crowd burned down the Konyak Students Union Office and in the police firing that ensued one more civilian was killed. In total, as a result of the unfortunate incidents, 14 (fourteen) civilians and 1 (one) jawan were killed.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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