It's a great day for the Indian, We should be proud of Mr Ratan Tata and the Tata Group, as he has finally launched the much awaited, the People's car. The Rs.1 lakh car i.e "Nano"...... Tata Motor shares were up around 4%.Akruti on Friday closed at 1610. Today opened up firm but immediately after the openin session fell down to make a low of 1362. after the mid session there was short covering seen in the counter and the operators and traders again gathered near the counter. The stock which was trading nearly 7-8% down rallied to make a high of 1835 within few minutes. It went up around 12-13% up. Traders really had a day in trading in Akruti. The counter will again see volatility till the expiry of the contract.
Markets opened up firm as mentioned. Indices closed almost near the high of the day. Nifty closed up at 2939.9 after making a high of 2949.75 up 132 points. Sensex closed with a gain of 457 points and finally closed at 9424. Nifty in past also, faced resistance at 2850 levels. As soon as the levels were broken. In the chart we can clearly see that the Triangle formation has been created and finally Nifty crossed the same and closed above the pattern. But Nifty closed almost near the Long term trendline. If the same is broken then 2970-3050-3110 -3240 will be soon visible.
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