Two-time Cong MLA joins Punjab Lok Congress

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Chandigarh, Jan 17 | Senior Congress leader and two-time MLA from Garhshankar in Punjab, Luv Kumar Goldy on Monday joined the Punjab Lok Congress along with hundreds of his supporters, including sarpanches, members of municipal council and block samitis.

While joining the party, Goldy said he had always faith and confidence in the leadership of former Punjab Chief Minister Capt Amarinder Singh. He said after taking his supporters into confidence, he had decided to join the Punjab Lok Congress.

Goldy said Punjab needed the leadership of Amarinder Singh the most as his successors had proved utter failures. He said the Congress was in a state of ‘civil war’ and the Congress candidates would lose deposit in most of the constituencies.

Welcoming Goldy into party fold, Amarinder Singh, who is in isolation due to Covid, in a special message said Goldy belonged to a respectable political family of Garhshankar which had great contributions towards the freedom of the country and welfare of the state.

Dharam Singh Fauji, a Municipal Councillor from Barnala, also joined the Punjab Lok Congress along with his supporters.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

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.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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