The outlook for the stock of Kalyan Jewellers India (₹730.50) remains positive. Immediate resistance is at ₹754. A close above this can trigger a fresh rally. Conversely, the stock finds its nearest support at ₹685 and ₹655. As long as the stock rules above ₹540 there is no threat to the bullish outlook. We expect the stock to maintain the momentum in the short-term. F&O pointers: As the counter is recently included in the derivative segment, there is little trading history. Kalyan Jewellers’ Dec futures closed at ₹734.60 against the spot price of ₹730.50, signalling the existence of long positions. Option trading indicates that the stock could move in the ₹700-800 range. Strategy: Consider a bull-call spread on Kalyan Jewellers. Initiate by selling 740-strike call and simultaneously buying 730-strike call. These options closed with a premium of ₹23.40 and ₹28.25 respectively. The strategy will cost traders ₹4.85 per lot. As the market lot is 775 shares, the net outflow would be ₹3,758.50, which is the maximum loss. For that to happen, Kalyan Jewellers has to close at or below ₹730. On the other hand, a profit of ₹3,991.25 is possible if the stock crosses ₹740. Hold the position for at least two weeks, if the profit is not achieved before that. Follow-up: We recommended buying 1,000-call on LICI. Hold on to the position and can be reviewed next week. Those who initiated LICI long futures, too, can continue to hold with strict stop loss as mentioned. Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading CommentsUNM timelineNone
Bucharest: Romania's constitutional court on Friday cancelled the country's presidential election following allegations of Russian interference in favour of the far-right frontrunner, just two days ahead of the run-off. Romania's pro-EU President Klaus Iohannis said he would stay in his post until a new government that emerges from legislative elections last weekend can be formed to set a new presidential election date. Romanian authorities intervened after far-right outsider Calin Georgescu topped the first round of the election on November 24, a shock result in the EU and NATO member bordering Ukraine. On Wednesday, the presidency declassified documents detailing allegations against Georgescu and Russia, including "massive" social media promotion and cyber-attacks. The court said it had unanimously decided "to annul the entire electoral process for the election of the president of Romania to ensure the correctness and legality of the electoral process." Georgescu, a former senior civil servant, had been due to face centrist mayor Elena Lasconi in Sunday's runoff. Lasconi, a former journalist, 52, called the court's decision "illegal, immoral... crushing the very essence of democracy". Fears had been raised that if Georgescu won, the country -- whose strategic importance has increased since Moscow invaded Ukraine -- would join the EU's far-right bloc and undermine European unity against Russia. While Bucharest streets were largely empty late Friday, without any protests taking place as far as AFP journalists could see, several people slammed the court's decision. "We are upset because this is a political game" to allow the losers to "get back in the game," said Marius Neagu, a 48-year-old salesman. Miruna Mihai, 25, said the decision "is a slap in the face of everyone who voted in this election" and risked "radicalising" Georgescu's supporters. Madalina Stroe, 34, working in the IT sector, welcomed it, however, saying she didn't want Romania "to go back in time to communism in case Georgescu was elected. I don't want us to lose our freedom". Outgoing Prime Minister Marcel Ciolacu -- who lost in the first round of presidential elections -- welcomed the decision as "the only correct solution". Anti-corruption prosecutors on Friday said they have opened an investigation into "illegal operations with computer devices or software". Prosecutors are already probing "possible violations of electoral legislation" and "money laundering offences". In documents, drawn up for a security council meeting and published Wednesday, the authorities said data had "revealed an aggressive promotional campaign, in violation of electoral legislation, and an exploitation of algorithms to increase the popularity of Calin Georgescu at an accelerated pace". Last week authorities slammed "preferential treatment" of Georgescu by TikTok, which the social media platform has denied. The European Commission announced however that it had stepped up monitoring of TikTok's role in the elections. A separate intelligence services document stated that Romania is a "target for aggressive Russian hybrid actions, including cyberattacks and hacks and leaks and sabotage". On Monday, before the documents were released, Romania's constitutional court validated the first round presidential results. George Simion, leader of the far-right AUR party, slammed Friday's court ruling, calling it a "state coup in full swing", while urging party supporters to remain calm. Canceling the presidential elections is "an unprecedented and historic decision", political analyst Costin Ciobanu told AFP. It "deepens uncertainty and polarisation within Romanian society, raising serious concerns about the strength of Romania's institutions and democracy," he added. Georgescu, 62, shot into the limelight with his performance in the first round of voting. Having praised Russian President Vladimir Putin in the past, he has recently avoided answering questions about him being pro-Russian. A critic of the EU and NATO, he says he does not want to leave either group but wants to put Romania "on the world map". Like his idol US president-elect Donald Trump, he is opposed to military aid to Ukraine. While the president's post is largely ceremonial, the head-of-state has moral authority and influence on Romania's foreign policy. The president also designates the prime minister -- a key role especially since legislative elections last weekend returned a fragmented parliament. The governing pro-European Social Democrats won the vote, but far-right parties made strong gains, together securing a third of the ballots. Since the fall of Communism in 1989, Romania has never seen such a breakthrough by the far right, fuelled by mounting anger over soaring inflation and fears over Russia's war in neighbouring Ukraine.Netanyahu blames Labor over synagogue fire
A convergence of innovation and leadershipU.S. Rep. Kweisi Mfume said Friday that he won’t attend President-elect Donald Trump’s Jan. 20 inauguration because it falls on the holiday marking Martin Luther King Jr.’s birthday.Big A exposure will help homeless pets in Orange County
Gov. Katie Hobbs (D-AZ) and Democratic Arizona Attorney General Kris Mayes are set to bring back executions of prisoners on death row in the state after they put the practice on a hiatus two years ago. When Hobbs and Mayes took office in 2023, they suspended capital punishment in the state, citing a pending review of Arizona's death penalty process. Hobbs then appointed , via executive order, former U.S. Magistrate Judge David Duncan as a commissioner to undertake the review. Arizona has a history of unsuccessful executions, which is what prompted the review in 2023. Duncan was set to review Arizona’s procurement process for lethal injection drugs and lethal gas, execution procedures, the access of news organizations to executions, and the training of staff to carry out executions. Last week, Hobbs ended Duncan's review and said she had lost confidence in it. She said the report "faced repeated challenges" and no longer believed it "will accomplish the purpose and goals of the Executive Order" that she issued when appointing Duncan. In a letter to Duncan, Hobbs said early drafts of the review, which have been released, made her question Duncan's understanding of both Hobbs's executive order for a list of recommendations to be produced for improving the execution process and the actual scope of work Duncan was hired to perform. "For example, you recommend that ADCRR conduct executions by firing squad (a method not currently authorized by Arizona law), despite the Executive Order’s direction to focus on procurement, protocols, and procedures related to carrying out an execution under existing law," she said. In response, Duncan told Fox 10 Phoenix that he was shocked by his dismissal and the release of the draft report. “I was simply asked to do three things: We had a history of botched executions in Arizona. Figure out why, figure out if it can be done properly. Increase transparency,” he said. As a result, the day Duncan was dismissed, Mayes said she would seek a death warrant for a prisoner in the coming weeks. The state allows prisoners to choose their preferred method of execution: lethal injection or gas chamber. Gas chambers can only be picked by those who were sentenced before 1992 after the state outlawed the practice after one inmate suffered for nearly 11 hours in a gas chamber. After an eight-year pause, Arizona resumed executions in 2022, killing three men, but the state struggled to administer the lethal injection in all three cases. Attorneys on behalf of Clarence Dixon, who was executed in May 2022, said his IV insertion process took 40 minutes , having to switch veins during the process. The attorneys said it caused him to experience pain, and a media witness said it resulted in a "fair amount of blood." The two other people who were executed also reportedly suffered during the execution process, according to the Arizona Republic. After spending two years reviewing Arizona's use of lethal injections, Duncan said he determined he had a “false hope” that lethal injections would work. In his draft, Duncan concluded that lethal injection is too flawed and supported using firing squads instead. In the letter, Hobbs said firing squads were on the table per Arizona law, but Duncan emphasized his thoughts, suggesting voters take up the matter. "It is a very quick death, and it is one that is probably the most humane of it," said Duncan. "It also has the least botch rate. The botch rate for lethal injection is 7%." Duncan also told Fox 10 he was curious if the state simply did not like the findings of his report. "I can imagine maybe political winds change, that that could have happened. Maybe I was telling people what they didn't want to hear,” he said. “The problem with that is that's an internal investigation,” Duncan said. “It's exactly the opposite of an independent review." Duncan said he was denied access to learn how Arizona conducts executions. When he asked to see a dry run of an execution, Duncan said he was told he was not allowed because of concerns he would reveal identifiable information about the executors. "I would never reveal their confidentiality, and so I said, 'That's preposterous,' that that's the reason that you won't let me talk to them and won't let me watch a dry run, and they said they did them four times a year, and I just wanted to see one so that I could make comments and observations. They said 'no,'" Duncan said. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER Duncan also asked for tax documents after a doctor was paid $60,000 in cash for three executions, which he said the state said he didn't need to have access to. “I received no response from the lawyer from the associate director of the Department of Corrections,” Duncan said. “The next response that I received from the state of Arizona was the letter from Governor Hobbs firing me."AP Business SummaryBrief at 6:08 p.m. EST
As the UK winter continues bringing sleet, snow and icy blasts, it's the perfect time to invest in a sturdy pair of winter boots. Dr Martens is currently offering some discounts, including a standout deal where shoppers can snatch up a pair with "no need to break in" for 30% off . The renowned shoemaker has reduced the price of its popular 2976 Faux-Fur Lined Chelsea Boots which provide a cosy wintery twist on their classic design. Normally selling for £180, they are now available at £126 , giving buyers a saving of £54. Made with a WarmWair faux-fur lining complemented by a matching sock, these boots promise to "add warmth and comfort in harsh conditions". At the time of writing, prospective buyers will find them up for grabs from sizes four to nine. READ MORE: Five minute 'game changer' hack boosts radiator heat but not your energy bill READ MORE: Get Baileys 'cheaper than the supermarkets' in £10 Amazon limited time deal The pair is made of leather i ntended to "develop a worn in, vintage look" over time and feature the iconic yellow welt stitching and AirWair heel loop associated with the brand for easy removal. These boots' rich tan colour means they will effortlessly blend with any winter ensemble. Pair them with thick tights or socks beneath your favourite dress or midi skirt for a splendid cold-weather outfit, reports the Daily Record . The 2976 Faux-Fur Lined Winter Boots by Dr Martens boast a glowing 4.8-star rating from 139 reviews. Satisfied customers say they love their comfort, declaring them "so comfy" that you can " wear them all day long " without any issues. One delighted shopper said: " Love them, perfect fit, true to size. So comfortable, no breaking in. This is my second purchase since December, first pair was black burnished ones. Worth every penny." Another said: "I originally bought the black pair and had my eye on the brown pair for ages then they were in the sale saving £54! I am a size 6 and bought a size 6, no need to size up or anything. "I have wide feet and a big bunion on one of my feet but there has been zero need for breaking in with these, very very comfortable, so warm , they look very smart and if you are thinking about it just do it as they are brilliant even for big fat feet like mine." Additionally, a third added: " Lovely and comfy and warm , can wear them all day long." Meanwhile, another said: "Wow my first pair of DMs at 63 and I love them. "So comfy from the off and perfect size, I'm a 6 and these are true to size. Love that they took no breaking in at all like the best comfy slippers and easy to wear all day long for work and pleasure ." However, one reviewer did deduct a star for the "snug fit", they said: "Boots look great and love the fleece going all the way through the boot. A snug fit but presuming this will loosen over time." Get the Dr Martens' 2976 Leonore Faux-Fur Lined Chelsea Boots for the price of £126 here. Alternatively, Debenhams has slashed the price of the Where's That From 'Ice' Mid Calf Boot With Fur Trim from £142.99 down to £42.99, saving £100. Over at Next, you can find similar Wide Fit Forever Comfort® Faux Fur Lined Chelsea Ankle Boots for £42.