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Trade Setup For Sept 22: Nifty Bulls Eye 23,550 Breakout As Sub-$100 Oil Flips Sentiment

Indian equity markets could remain range-bound in Tuesday's session as the Nifty faces a crucial resistance zone around 23,520-23,550 amid persistent geopolitical uncertainty and elevated energy prices. This comes as GIFT Nifty rises 0.34% to 23,519.50 after Brent crude fell below $100. According to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, the 23,520-23,550 zone is likely to act as an important resistance area for the Nifty in the near term. "A sustained move above 23,550 could extend the ongoing pullback rally towards the 23,700 mark in the short term," Shah said. On the downside, the 23,330-23,300 zone is expected to provide crucial support. Shah said a breach below 23,300 could weaken the near-term structure and potentially result in the index resuming its corrective trend. Market participants are also keeping a close watch on crude oil prices and geopolitical developments, which could influence the sustainability of the recent re...

Gang Members Throw Bombs To Celebrate Birthday, Paraded Through Same Market

The police paraded them through the very market where they fired gun shots, threw down bombs in a busy market to celebrate the birthday of their gang leader in Uttar Pradesh, showed a video.

The incident, which was reported from the Lal Bangla area of Kanpur, took place on Wednesday.

CCTV footage helped zero in on the suspects and the police arrested three people.

The three arrested have been identified as Sahil (18), Debu Kumar Valmiki (27), and Razjulla (23).

The video showed that the men, surrounded by cops, were taken around the same busy market to restore confidence among the people.

A senior police officer assured that under no circumstances will the social peace be allowed to be disturbed.

"The police is keeping an eye on some of the associates of the three accused who have been arrested now and appropriate action will be taken against them," said the senior police officer.

(With inputs from Arun Agarwal)
 



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