Chandigarh, Nov 20 | Punjab Congress chief Navjot Singh Sidhu on Saturday addressed Pakistan Prime Minister Imran Khan as his ‘elder brother’.
He made the statement while interacting with the CEO of the Kartarpur project in Pakistan.
He was in Kartarpur along with several Punjab cabinet ministers to pay obeisance in Kartarpur Sahib Gurdwara.
Sidhu also said he has lots of love for the Pakistan Prime Minister.
Responding to Sidhu’s remarks, BJP IT Cell head Amit Malviya slammed the Congress high-command for favouring ‘Pakistan loving Sidhu over veteran Amarinder Singh’.
“Rahul Gandhi’s favourite Navjot Singh Sidhu calls Pakistan Prime Minister Imran Khan his “bada bhai”. Last time he had hugged Gen Bajwa, Pakistan Army’s Chief, heaped praises.
“Is it any surprise that the Gandhi siblings chose a Pakistan loving Sidhu over veteran Amarinder Singh?,” asked Malviya.
In 2018, Sidhu raked a controversy when he hugged Pakistan Army Chief General Bajwa during his visit to Pakistan for Imran Khan’s oath-taking ceremony
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.
Source: Choice India