Odisha police seize arm, ammunition from Maoist camp

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Bhubaneswar, Sep 16 | Odisha Police seized arms, ammunition and other Maoist articles during an anti-Maoist operation conducted near a reserve forest area on the border area of the Koraput and Malkangiri districts, police said on Thursday.

However, a top Maoist leader and special zonal committee member (SZCM) Suresh Surana, who was camping in the region, managed to escape, said Malkangiri SP, Prahlad Meena.

“We have recently arrested a hardcore Maoist Dubashi Shankar. During his interrogation, we came to know that another Maoist team was there with him under the leadership of Suresh Surana,” Meena said.

With this input, a joint operation by the Special Operation Group (SOG) and District Voluntary Force (DVF) of Odisha Police and the Border Security Force (BSF) was conducted in Mathili PS of Malkangiri district and Boipariguda police limits of Koraput district, he said.

During the operation, an exchange of fire took place between security forces and Maoists. One gun, six live cartridges, four detonators, two walkie-talkie chargers, two remote controls, wielding machine, Maoist banners, uniforms and posters were seized during the operation, the SP informed.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered with modest gain against the resilient global cues. Throughout the week, Sensex traded in a narrow range following an uneven move. Sensex ended at 54884.66 gaining 558 points or 1.03 percent while Nifty settled at 16352.45 with 86 points or 0.53 percent on a weekly basis. While Banknifty ended at 35613.30 levels with strong bounce with an upside of 3.90 percent in a week.

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INDIA VIX has cooled off during the week with 7.01 percent and has settled at 21.48 levels. Investors and traders may watch out key events such as the RBI meet in the second week as well as the US Fed meeting likely to be on 14-15 June for monthly expiry. As corporate results are likely to end soon stocks would expect less volatility in upcoming days. In Nifty stocks, HDFCLIFE gained 9.61 percent while DIVISLAB shed 18.41 percent in a week. Sectorally Nifty Finance saw the highest gains of 4.32 percent followed by the Nifty Auto with 3.26 percent. On the flip side Nifty Pharma, Energy, Realty and PSE lose more than 3 percent each on a weekly basis. However Midcap gained 0.77 percent while Smal lcap dropped by 3.42 percent.

Technically, Nifty has formed a bullish candle on the weekly chart with a long tail suggesting strong support around 15900 levels, while on the upside 16800 may act as strong resistance. Index has taken support from the previous horizontal line & closed above 21-days Simple Moving Averages that indicates further pullback rally in the near term.

Indicators such as RSI remained in the neutral zone while MACD suggest some positive cross over observed in daily time frame suggest some sign of reversal. Coming to the OI Data, on the call side the highest OI witnessed was 16500 followed by 16800 strike prices while on the put side, the highest OI was at 16000 strike price. Overall, Nifty is having support at 16000 mark while on the upside 16500 followed by 16750 may act as an immediate resistance. While Bank nifty has support around 34300 while resistance is placed at 36800 on weekly chart.

Om Mehera
Research Associates
Choices Broking

Souce: Choice India

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