==>> Punters again riding on the Akruti shares

Once again Akruti made killing in the markets. Nifty cash volumes contained almost 10% jus from Akruti Nirman. Operators once again were seen, playing in the counter. Akruti opened with a gap at 1599 in BSE and unbelivably made a high of 2145 up around 32%. Yesterday at 1600 levels also i told that this counter is not worth trading at, but from the same levels it had bouned back. But i will still say that there are bright chances to be get trapped in the counter, so i would still say there are many other stocks that are present in the market to be traded in. The moves in the counter have really raised some eyebrows. I still did not understand why SEBI has not come out with some enquiry for such unexpected moves. Nearly 1 Cr shares traded in the NSE & BSE. In value terms nearly Rs 1800 Cr turnover. Could some one calculate the amount that the Government will be collecting in terms of SST from only Akruti. That might be the reason there is no enquiry in the counter. Think about this....... same thing happened a year and a half back also, with Jai corp. The price was rigged up by the well know group of operators. There was still no clue as to why the share price have raised to such prices. Promoters minted money like anything. then the company announced heavy bonus, so that everything can be settled with sweet memories. After the split the shares were recommended by the well know brokerage firm and the shares were sold to the FIIs. But in the market crash u can see the share price.

Markets volumes were also pretty good. Markets opened with a +ve note on back of strong close in US markets and +ve opening in the Asian mkts. US Housing data for the month of Feb were announced. There was positive growth in the data, so the US market strongly closed in the green. Indian markets opened in the positive zone. Major of the stocks were in the green. This helped the Sensex to rally nearly 250 points, but the shine was lost in after the mid session as the Europen markets slided after the Europe's Jobless claim rised to an expected heights. European markets opened in the positive zone but the surge was short lived and the markets plunged down after the rise in the Jobless data. Today Nifty closed above the trendline. Nifty made a high of 2836 but slided down to 2793 levels closing below 2800 levels. Nifty once agains closed in the Traingle pattern. For the Upside move the Nifty has to close above 2800 levels for 2-3 days.