Cong faces tough battle in Goa as Trinamool launches attack

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New Delhi, Jan 14 | The Congress is facing a tough battle in Goa while trying to be ahead of the BJP as the Trinamool Congress and the Aam Aadmi Party are spoiling the grand old party’s game in the state.

The Congress is trying to put up a strong face and has denied any alliance talks with the Trinamool despite speculations in the political circles. Jittered by the Congress stance, the Trinamool has launched an offensive against the Congress.

“The Trinamool has been saying that they are open to alliances, but Congress is not willing to accept and behaving like an emperor,” Trinamool leader Mahua Moitra said, adding: “Need of hour in Goa is to defeat BJP – no one should be on their high horse. AITC will not, repeat not, shy away from walking the last mile.”

Speculation of an alliance between the two parties was triggered after the Nationalist Congress Party (NCP) chief Sharad Pawar told reporters that his party is in talks with the Congress and the Trinamool Congress for a pre-poll alliance for the upcoming elections in Goa.

The Trinamool is alleging that the Congress was not been able to form the government in the state in 2017 and could not even retain its flock of MLAs.

But, the Congress has not accepted the open offer and party General Secretary K.C. Venugopal has said that there are no talks with the Trinamool. Congress senior observer P. Chidambaram too has ruled out such a possibility.

The Congress’ Election plank for Goa will consist of the following central themes — economy, employment, education, environment, ethos of Goa,” Chidambaram has said.

The Congress has got some solace with the former Ports Minister in the BJP-led government, Michael Lobo joining the party.

The party has released two lists for the polls, but had witnessed defection of MLAs and discontent in the party over the delay in the announcement of tickets as many aspirants are getting restless.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

The NIFTY 50 had a positive opening and made an intraday high at 16262.80 level but showed selling pressure from the top and made an intraday low at 16078.60 level and closed the session at 16125.15 level with a loss of 89.55 points However, Bank nifty closed the session at 34290 level with a gain of 42 points. VIX closed at 25.70 up by 9.83%.

33 stocks out of NIFTY 50 closed in Red which suggest broad based selling. Nifty Healthcare, FMCG, IT, capital goods indices down 1 percent each while Nifty Auto & Bank ended in Green. Nifty Stocks like DRREDDY, GNFC, POWERGRID, KOTAKBANK were the top gainers, While DIVISLAB, TECHM, GRASIM & HINDUNILVR were top losers. The Nifty has confirmed the shooting star kind of pattern on a daily time frame which indicates downside movement momentum for an upcoming session.

Moreover, from the last 14 days Nifty has been trading in a range of 15750-16410 levels, either side breakout can direct further direction. In addition, Nifty has given a closing below 21-Day Moving Average which indicates weakness in the Nifty.

However, the momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone on a daily chart which suggest a northward journey in the Nifty. The Nifty may find Strong support around 16000 levels, while on the upside 16300 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33600 levels while resistance at 34800 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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