Palestinian factions to resume reconciliation dialogue in Algeria


Gaza, Jan 17 | Leaders of rival Palestinian parties and Algerian officials started a meeting on resuming reconciliation dialogue in Algiers, officials said.

The officials said that leaders of the Fatah party and the Islamic Resistance Movement (Hamas) met with Algerian officials to prepare for a Palestinian national dialogue that will later include leaders of other factions, reports Xinhua news agency.

Fayez Abu Eitta, Palestine’s ambassador to Algeria, told the Palestinian official agency (WAFA) that the Fatah delegation was headed by Azzam al-Ahmad, a member of the Executive Committees of the Palestine Liberation Organization and Fatah Central Committee.

Meanwhile, Hamas movement in Gaza said in a press statement that its delegation included two members of its political bureau, Khalil al-Hayya, and Hussam Badran.

The two rival Palestinian factions were invited by Algerian President Abdelmadjid Tebboune to visit Algiers.

The Palestinian division began in 2007 following Hamas’s violent takeover of the besieged Gaza Strip, routed the security forces of President Mahmoud Abbas and cracked down on his Fatah Party.

The two movements have formerly engaged in numerous discussions with Arab countries, including Egypt, Saudi Arabia, and Qatar, in a bid to reach a comprehensive reconciliation agreement.

However, all the mediation efforts have failed so far.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

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.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India



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