Taliban unable to stem IS-K expansion

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Taliban unable to stem IS-K expansion
Taliban unable to stem IS-K expansion

By Sanjeev Sharma
New Delhi, Nov 18 |
The Taliban has been unable to stem the expansion of the Islamic State (IS) terror group’s Khorasan branch or IS-K in Afghanistan, said Deborah Lyons, the UN Secretary-Generals Special Representative for Kabul.

In a briefing to the UN Security Council, Lyons said once limited to a few provinces and Kabul, IS-K now seems to be present in nearly all provinces and increasingly active.

The number of attacks has increased significantly, from last year to this year. In 2020, 60, so far this year, 334 attacks attributed to IS-K or, in fact, claimed by the group.

IS-K continues to target the Shia communities. The Taliban insist that they are waging a concerted campaign against IS-K, but this campaign is worrying in that it appears to rely heavily on extra-judicial detentions and killings of suspected IS-K members. This is an area deserving more attention from the international community, Lyons said.

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The UN envoy added that Afghans in general remain apprehensive about the future intentions of the Taliban de facto authority. These apprehensions mitigate some of the relief that has come from the notable decline of conflict. They are of course hugely concerned, the Afghan population, about the paralysed economy, the inability to withdraw money, and fears of not being able to feed themselves and their children during the winter and coming months.

There are also limitations on demonstrations and other attempts at freedom of expression. Media outlets continue to close sometimes due to financial reasons and sometimes other ongoing restrictions by the de facto authorities on the content of their publications and broadcasts. Continued inter-ethnic tension and violence, give rise as well to concern for minority rights with reports of forced evictions targeting minority communities, Lyons said.

While the overall security situation has indeed improved, as the conflict has largely ended we regularly receive credible reports of incidents impacting the right to life and physical integrity of Afghans. These include house searches and extra-judicial killings of former government security personnel and officials. The judicial system itself is unevenly applied the availability of judges, civil servants, police personnel and legal and finical resources vary across the country. There are no women working in the justice sector and it remains unclear how the de facto authorities intend to assure and ensure women’s access to justice, Lyons said.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

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.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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