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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...

Ukraine Ghost Sniper Shoots 2 Russian Troops In World's Longest Ever Kill

Ukraine's "Pryvyd" (Ghost) sniper unit has claimed to have set the record for the longest confirmed sniper kill, shooting down two Russian soldiers from a distance of around 4 kilometres. The shot, fired from a Ukrainian-made 14.5mm "Alligator" rifle, was guided to its target with the help of artificial intelligence and drones, according to a report by Defense Express.

A video of the military action is being widely circulated on social media, showing the moment a Ukrainian soldier fired the "historic" shot near the city of Pokrovsk in the Donetsk region of eastern Ukraine during fighting on August 14.

Ukraine's former deputy minister at the Ministry of Internal Affairs, Anton Gerashchenko, shared the video on X and wrote, "A Ukrainian sniper from the Pryvyd (Ghost) group made the first successful shot in the history of wars using artificial intelligence, eliminating two Russian occupiers in the Pokrovsk-Myrnohrad direction."

"The unique shot, made without line of sight, was guided by a UAV system and fired from a 14.5 mm Aligator rifle equipped with a Ukrainian-made thermal imaging sight," he added.

The previous world record for a confirmed sniper kill from the largest distance was also held by a Ukrainian soldier, Viacheslav Kovalskyi. The 58-year-old veteran sniper from the Security Service of Ukraine (SBU) reportedly killed a Russian troop from a distance of 3.8 kilometres in November 2023, using a UK-made Horizon's Lord sniper rifle. Last week's shot reportedly beat the previous world record. 

According to Ukrainian military expert Yuri Butusov, the bullet went through the window behind which the Russian soldiers were standing.

About The "Alligator" Rifle

The "Alligator" rifle is a 14.5mm calibre sniper rifle with a muzzle velocity of between 3,215 and 3,281 feet per second, according to Defense Express report. 

It is manufactured by Kharkiv-based arms company XADO-Holding and has an effective range of 1.2 miles. The rifle weighs 25 kilograms, and was reportedly designed to disable equipment rather than kill targets.
 



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