Utpal Parrikar’s claim for Panjim seat to be decided on ground reports: BJP

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New Delhi, Nov 18 | After Utpal Parrikar expressed his desire to contest from the Panjim Assembly seat, which was represented by his father, late Goa Chief Minister Manohar Parrikar, the BJP leadership said that his candidature will be decided based on the feedback received from the ground.

It is learnt that Utpal has conveyed his desire to contest the next year’s Assembly polls from his father’s seat Panjim. Former chief minister represented Panjim seats many times. The BJP, however, lost the seat to Congress’s Atanasio Monserrate in the by-election held after the death of Manohar Parrikar in 2019. Monserrate later joined the BJP along with other Congress MLAs.

A senior BJP leader said that Utpal’s candidature will be considered like other party workers in the state.

“All the selection criteria fixed for others will be applicable to Utpal. If he fulfills all the criteria fixed then a ticket will be given to him. He will not get any preference in ticket distribution,” he said.

Another senior BJP leader said that the party is conducting assessment and survey to find out people’s opinion and the findings of survey will also be taken into consideration while deciding tickets.

“We are conducting a survey to find out the popularity of sitting MLAs and other popular names in each Assembly seat. We also collect workers’ feedback. Like others, if Utpal fits into all the criteria of winnability, he will be given a ticket,” he said.

Utpal had announced his intention to join politics soon after his father’s death in March 2019.

Goa Assembly polls will be held in February- March next year along with Uttar Pradesh, Punjab, Uttarakhand and Manipur. The BJP has been in power in the coastal state since 2012.

In Goa, the BJP will be contesting the first election after the death of former Defence Minister Manohar Parrikar, one of the tallest leaders of the party in the state.

In Goa, the BJP is facing challenges from Arvind Kejriwa’s Aam Aadmi Party (AAP) and Mamata Banerjee’s Trinamool Congress (TMC) along with the Congress.

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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