Tough days ahead for Anubrata Mandal as CBI set to grill him on twin issues

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Kolkata, May 23 | Tough days are ahead for Trinamool Congress strongman and party’s Birbhum district president, Anubrata Mandal as he will have to face parallel interrogation by Central Bureau of Investigation (CBI) in connection with two cases, the first being the cattle and coal smuggling and the second being post-poll violence in West Bengal.

Mandal has been asked by the CBI to be present at the agency’s office at central government offices (CGO) complex at Salt Lake in the northern outskirts of Kolkata on Tuesday (May 24). On May 19, the CBI officials grilled Mandal at the agency’s Nizam Place office in central Kolkata.

Highly placed CBI sources said that there is a logistic problem since the two teams that are conducting probes on the two different cases are operating from two different offices at two different corners of the city. While the team conducting the cattle and coal smuggling probe is operating from Nizam Palace office in central Kolkata, and the one conducting the post-poll violence probe is operating from CGO complex in Salt Lake, with the distance between the two offices being around 14 km.

CBI sources said there is a need to maintain a coordination between the two teams so that Mandal is not summoned on the same time and if possible, also on the same day. Sources said that since both the teams are keen to expedite their respective probes, there is a possibility that each team will get the chance to interrogate Mandal on every alternate day and if necessary, even on Sundays.

If that happens then the Trinamool strongman, who is currently at his residence at Bolpur in Birbhum district, will have to shift to his Chinar Park residence in Kolkata for quite some time.

A BJP worker in Birbhum district was lynched soon after the 2021 West Bengal assembly election results were announced. The family members of the victim complained that the lynching happened on the instructions of Mandal.

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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