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Trade Setup For July 10: How Nifty May React To TCS Q1 Results - Key Levels To Watch

The Nifty 50 started Thursday's session on a positive note and touched an intraday high of 24,134.70 in early trade. This level marked nearly a 61.8% retracement of the previous day's decline. However, the index failed to sustain at higher levels and gave up more than 150 points from the day's high in the second half of the session. Despite this late weakness, the index ended higher by 80.75 points, or 0.34%, and snapped its two-day losing streak. However, the close below the psychological 24,000 mark kept the recovery muted. Nifty Forms Inside Candle   Thursday's price action resulted in the formation of an inside candle. This came after the previous session recorded the widest single-day range in over one month. The latest candle had a small green body and a long upper shadow, which indicates hesitation at higher levels. This suggests that while buying interest emerged after the recent decline, traders were not confident enough to carry positions aggressively. ...
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Nagaland Elections 2023: 87% Of NDPP-BJP Candidates Crorepatis: Report

  1. Ahead of the polls, 116 candidates have declared assets of over Rs 1 crore, two more than in the previous polls. With 52 of their candidates declaring assets of over Rs 1 crore, 87 per cent of NDPP-BJP candidates are crorepatis.
  2. The average assets per candidate in the 2023 polls is Rs 5.13 crores. In the 2018 polls, average assets per candidate was Rs 3.76 crores.
  3. With assets of over Rs 160 crore, Dr Sukhato A Sema, who is contesting from Pughoboto on a Lok Janshakti Party (Ram Vilas) ticket, is the richest candidate in this election.
  4. Chief Minister Neiphiu Rio is the second richest candidate, with assets of over Rs 46 crore.
  5. Congress candidate T Ngampai Konyak, who is contesting from Phomching, has declared assets of only Rs 5,251 - the lowest among all contestants.
  6. This year, 53 candidates are re-contesting the elections, with 36 of them belonging to the NDPP-BJP alliance.
  7. In the last five years, the average assets of these 53 candidates grew by 30 per cent to reach Rs 7.10 crore.
  8. The assets of NDPP candidate from Tamlu, BS Nganlang Phom, rose from Rs 21.91 lakhs in 2018 to Rs 15.05 crore in 2023 - a whopping 6,870 per cent hike.
  9. Seven out of the 184 candidates have declared criminal cases against themselves. In 2018, only three out of the 193 candidates had declared criminal cases against themselves.
  10. Only four women candidates are contesting the upcoming election - two from the NDPP, one each from the BJP and Congress. In 2018, five out of the 193 candidates were women. Interestingly, Nagaland has not had a woman MLA since its inception in 1963.


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