M&MFIN is closed at Rs. 235.70
/-. Today it has closed at 2.5 % down with a long red bar. This bar can be
considered as a decisive bar and it definitely suggests that a downtrend has
taken a pace with more down levels. One can
definitely initiate a short
position in this stock at current level and set the targets at Rs. 228 /- and
Rs. 221 /-. A strict Stop Loss must be kept at Rs. 242 /- on closing basis.
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