UP Cong to enrol one crore members

UP Cong to enrol one crore members
UP Cong to enrol one crore members

Lucknow, Nov 24 | The Cong will be launching a membership drive from November 26, on the occasion of Constitution Day.

According to party sources, the party has set a target to add one crore members in the fortnight-long drive, in order to cement the party’s base in the state where elections are due early next year.

Over one lakh five-member teams have been formed in various Vidhan Sabha constituencies to achieve the target.

Party leaders claimed that the people of the state had reposed their faith in the Cong and the membership drive of this level speaks volumes of the party’s confidence.

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Congress has been continuously making efforts to engage with people through various programs and activities.

The list includes members holding meetings in villages and discussions on the relevance of the Indian constitution. They also revealed that social media will be used extensively for engaging with people.

The party workers have been told to appraise the electorate about pledges that Priyanka Gandhi Vadra has made in wake of the 2022 elections. The party will monitor the progress of the drive twice daily.

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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