Philippines Prez Duterte’s daughter confirms alliance with Marcos Jr. in 2022 polls

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Manila, Nov 17 | Sara Duterte-Carpio, daughter of Philippines President Rodrigo Duterte and who is running for the vice presidency in the 2022 elections, confirmed her alliance with presidential aspirant Ferdinand Marcos Jr. who is now leading the poll.

Speaking for the first time since filing her candidacy on Saturday, Duterte-Carpio, 43, appealed to Filipinos to back them, Xinhua news agency reported.

In a video post on Facebook, Duterte-Carpio said she is confident that Filipinos will help and support them until the elections are won amid the challenges.

Marcos, 64, the only son of former President Ferdinand Marcos, confirmed their alliance in a separate statement. Marcos’ party adopted Duterte-Carpio shortly after the Davao City mayor registered her candidacy on Saturday.

Duterte-Carpio said her decision to ally with Ferdinand Marcos Jr. was not meant to derail the candidacy of other aspirants.

“Our objective is not only to pursue the initiatives of President Duterte but to enhance the administration’s programs further,” she said, calling for unity.

Under the Philippines law, the president and vice president are elected separately.

Right after the presidential daughter’s filing last Saturday, Duterte’s long time aide-turned-senator Christopher Go went to the Commission on Elections office in Manila with the president to change his application, submitting his certificate of candidacy for president and withdrawing that for vice president.

On Monday which was the last day for making candidate substitutions, Duterte, 76, filed his certificate of candidacy for senator in the coming elections.

He announced last month that he was retiring from politics and would not run in the next elections “in obedience to the will of the people.”

Duterte was elected as the president of the Philippines in 2016, and his term ends on June 30, 2022. The constitution limits Philippines presidents to a single six-year term. The next elections are scheduled to be held on May 9, 2022.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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