New security system to prevent attacks in Kashmir Valley soon


New Delhi, Oct 25 | In wake of the targeted killings, a new integrated security system will be in place in Kashmir Valley soon in coordination with the Indian Army and the central security agencies, the sources said here on Monday.

The sources also said that Jammu and Kashmir Police will be in the lead role in preventing attacks in coordination with other security stakeholders and they have been asked to strengthen the human intelligence gathering on the ground. The J&K Police made a presentation during a high level security meeting chaired by Union Home Minister on October 23.

Round the clock electronic surveillance in vulnerable areas, better intelligence networks and strong patrolling on roads and highways around the cities to prevent entry and exit of the terrorists with more barricading and placing of the security bunkers will be the key features of the new security systems, a government source said.

Under the electronic surveillance, drone grids are being set up in those areas where the non-Kashmiri and the migrant labours have been living and in some places more CCTV cameras are getting installed.

Under the drone grid system, a round the clock control room has been set up to closely monitor the movement of suspicious elements and on identifications of any such movement in the areas, the security personnel on the ground will be alerted soon on a real-time basis. This will be manned by the J&K police and other security forces personnel.

The sleuths from intelligence agencies and National Intelligence Agency have been working to pinpoint the real conspirators who activated the hybrid terrorist network to execute the recent killings in Kashmir.

The security agencies have also been keeping eye on over 80 families whose youngsters have left home and are absconding since long as they believe that these youths might be used by the terrorist organisations to execute these killings.

An official in the government set up said that during the review meeting on October 23, the Union Home Minister asked the officials why the duel threats of radicalisation and home-grown terrorism were on the rise despite massive presence of the forces and extensive outreach effort made by the government?

The meeting held on October 23 in Srinagar was attended by Intelligence Bureau chief Arvind Kumar, CRPF DG Kuldiep Singh, BSF DG Pamkaj Singh, DG of National Security Guard MA Ganapathy, J&K Police DG Dilbagh Singh, Army commanders and other officials.

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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