Panaji, Oct 27 | Vindicating the collective stand of the Opposition parties in Parliament for a discussion on the Pegasus snoopgate issue, Trinamool Congress Rajya Sabha MP Derek O’Brien on Wednesday said that the Supreme Court directive to set up a probe committee had now caught the ruling BJP in a bind.
“Today what has happened is evident by the words of the SC that the BJP has been caught,” O’Brien said, soon after the apex court formed a three-member committee headed by a retired SC judge to probe the snoopgate allegations.
O’Brien also slammed the BJP for stalling a discussion on snoopgate in Parliament.
“Throughout the monsoon session of Parliament, all 20 days, the BJP government did not allow a discussion on Pegasus, did not allow a discussion on internal security, did not allow snoopgate and hacking, where everyone’s mobile phones including the TMC general secretary, including IPAC who work with us,” he said.
“It is a big issue. TMC brought this issue up in every single day of Parliament and we were joined in Parliament by all opposition parties,” the Rajya Sabha MP also said.
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.
Source: Choice India