"SELL NIFTY BELOW 9190 TGT 9165/9140 SL 9240"
"BUY TATASPONGE ABOVE 810 TGT 850/870 SL 780"
The week
has kicked off on bullish note, but after opening on positive note suddenly
came down & trading in negative throughout the day. The Sensex ended the day
130 points lower at 29575 while the broader Nifty settled the day 18 points
lower at 9181. Liquor stocks were under pressure after the Madhya Pradesh Chief
Minister said that liquor stocks will be closed in a phased manner. Madhya
Pradesh is headed towards total prohibition with Chief Minister Shivraj Singh
Chouhan announcing that all liquor shops would be closed across the state in a
phased manner.