Tantric from Nepal arrested in UP for duping people

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Bijnor (UP), Jan 17 | Police in Uttar Pradesh’s Bijnor have arrested a tantric from Nepal for allegedly duping people on the pretext of solving their problems through black magic.

A sum of Rs 5.32 lakh, gold and silver jewellery worth lakhs and an Aadhaar card were recovered from him.

Bijnor superintendent of police (SP) Dharamveer Singh said investigations revealed that Mohammad Islamuddin, 51, was from Nepal.

He had lived in Bihar’s Champaran area for the past few years but fled to evade arrest as several cases were lodged against him.

He had managed to procure an Aadhaar card in Bihar.

The SP said Islamuddin was residing in a colony located on Seohara-Dhampur road in Bijnor for the last one month.

Several people complained against him for duping them.

A case has been registered against him under IPC section 420 (cheating), 468 (forgery for purpose of cheating), 471 using as genuine a forged document), 406 (criminal breach of trust) and 411 (dishonestly receiving stolen property).

Bijnor police are now contacting their counterparts in Bihar to get more information about the accused, the SP added.

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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