NCP-linked Sunil Patil ‘mastermind’ of cruiser party raid: BJP activist

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Mumbai, Nov 6 | In yet another twist to the Cordelia Cruiser raid, a BJP activist on Saturday claimed that Sunil Patel, who is linked with NCP leaders, is the alleged “mastermind” of the sensational case in which Aryan Khan, son of Bollywood superstar Shah Rukh Khan, was arrested

Talking to media persons, Bharatiya Janata Party activist Mohit Kamboj-Bharatiya said that Patil, who hails from Dhule, has close connections with all the top Nationalist Congress Party leaders and ministers and had prior knowledge of the rave party that was scheduled on the cruiser, which was raided by Narcotics Control Bureau’s Mumbai Zonal Director Sameer Wankhede, on October 2.

According to Bharatiya, Patil, who is a friend of former state minister Anil Deshmukh’s son Hrishikesh Deshmukh, boasted of his strong relations with the NCP leaders and how Anil Deshmukh had once allegedly met drug peddler, Chinku Pathan, an aide of the mafia don Dawood Ibrahim Kaskar, at a government guest house during the lockdown.

NCP national spokesperson and Maharashtra Minister Nawab Malik rubbished Bharatiya’s claims, terming it as an unsuccessful attempt “by a member of Wankhede’s private army to misguide and divert attention from the truth”.

Elaborating, Bharatiya claimed that Patil is also linked with the others whose names have cropped up in recent weeks like Sam D’Souza, Kiran Gosavi, Prabhakar Sail and Manish Bhanushali and “they work as a syndicate”.

He alleged that they tried to extort money and are involved in transfers and posting of officials, and charged Malik of “scripting a false narrative to defame the BJP, the NCB and its officers”.

Bharatiya demanded to know what is the relationship of Patil with Malik and other senior NCP leaders and ministers with whom he (Patil) enjoys close rapport.

“Patil has a suit booked in Hotel Lalit for months. There were big parties with ‘sharab, shabab and kebab’ there for those attending them… I will reveal more,” he warned.

The BJP activist said that Patil had advance knowledge of the cruise rave party and wanted some link who could put him in touch with the NCB and was referred to Gosavi.

“They are all (Gosavi, D’Souza, Bhanushali) Patil’s associates. I have been sent audio-video clips and WhatsApp messages of theirs from someone and I have forwarded them to the probe agencies,” Bharatiya said.

Meanwhile, Malik said that he will reveal more on the Hotel Lalit episode on Sunday, even as some BJP leaders advised him to keep off the NCB and let the agency do its work.

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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