Yesterday Akruti Nirman shares traded at an ALL TIME HIGH. UNEBELIVABLE!!!!! RIGHT.... BUT, but it is absolultely true. I know, those did not see the stock, for them it will be shock of their life. Even in this scenario, when most of Real stocks are almost at near their 52- week low, this stock some how managed to make an ALL TIME HIGH price. I really could not understand, what could be the good news in the counter, that helped the share price to surge so much. Most of the leading Real Estate companies are facing cash shortage, but what about Akruti Nirman. Is it so that everyones buying only from Akruti. Akruti overtook Unitech and India bull Real Estate to become the 2nd biggest firm in terms of market capitalistaion. Free Flot of the company is just 30 Lakh shares. It is very easy for anyone to rig up the share price, in such a low mkt free float. This is what is going on in the counter. Handful of operators are rigging up the share price, and they will soon leave the counter. SO beware of the stock. It is just not shortovering in the counter, there is really something fishy in the counter.
Nifty closed below at 2757, after making high of 2805. Till now eveyone knows that 2800 levels acts as an good resistance and support levels. Nifty will again bounce back, as their is good buying in the markets with pretty good volumes as compared to last week.
I had given call on RIL to buy at 1327 with SL of 1320. it touched high of 1344 and then slided down to 1296 levels. Close is at 1300. Buy again at 1320 levels for the mi tgt of 1355....
Risky traders can take small Buy position in Edserv(533055). Punter call. Keep your own SL.
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