Bhubaneswar, Oct 9 | The Commissionerate of Police in Odisha has seized about 10 kg of brown sugar during the first 10 month (till Saturday) of the current year, 2021, said a police officer on Saturday.
“We have seized more than 10 kg of brown sugar till today in 2021. In Bhubaneswar urban district 5.66 kg of brown sugar was seized while 4.646 gm of the contraband was seized in Cuttack,” said Police Commissioner Saumendra Priyadarshi.
At least 33 cases related to the crime have been registered and 67 persons were arrested in Bhubaneswar. In Cuttack, 11 cases have been registered and 30 persons were arrested so far, he said.
The seizure of the contraband made by the Commissionerate of Police is the highest in any police district of Odisha in one year. Last year 34 kg of brown sugar was seized in the entire State, he said.
In Bhubaneswar, under Operation White Spider which was launched on August 15, 2021, total 37 drug peddlers have been arrested and 1.75 kg of brown sugar seized, the Police Commissioner said.
Speaking about Saturday’s seizure, Priyadarshi said the police had carried out a raid on the outskirts of the city this morning and seized 260 gm of brown sugar. Accused Murnal Samal has been arrested, he informed.
“Apart from taking strong action against such illegal drugs trade, we are also aiming at rehabilitating the people arrested in such cases with an objective of bringing an end to the vicious cycle of drug peddling in the twin city,” he added.
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.
Source: Choice India