MTNL: Accumulating in Strong Hands.

Hi Friends,

pls refer to the screen dump below.
The recent bulk deals have been listed down.

Maybe something is cooking on this counter.

Regards

what is your source of info?

jignesh please go through this site,http://www.nseindia.com/content/equities/eq_markettoday.htm
and click bulk deals.you can see any day bulk deals.There you can find this information.

hope your doubt is clear now

suba

thanks suba//2 more questions..what day's bulk deals I have to look & who sold this quantity?

According to ping manoj, there was a bulk deal on 19th Jan, by Reliance capital at 164. There was heavy selling just a few days after.

Experts please put in your views about this volume action vis a vis the data given by manoj.

ss

Here is bulk deal data for MTNL from 01 Jan 2007 to 16 March 2007.

ss

so if there has been so much bulk deals shud u buy this too or avoid this altoghether ???????
thanks

Good question, here is the answer.
This is my point of view, friends please suggest if otherwise.

Here goes:
We can build a trading strategy around these bulk deals.
1. We can comfortably assume that the big broking houses, like the ones listed above, would be doing deep studies before moving into a stock.
2. These corporate houses must be having information which individuals may not have.

So, the strategy is to just following them.

Nevertheless, you are the best judge of wether to buy or to avoid.
Maybe, one would consider researching the price action of scrips where such large bulk deals have happened.

Incase I get time I might do such a report or something on this. Till then.....

Best Wishes

MANOJ T

BINGO SIR THANX FOR UR INFORMATION . THE CHART WAS SUGGESTING A PRICE OF 185 AND 202 AS ALL DAILY , WEEKLY N MONTHLY CHARTS ARE GIVING FANTASTIC BUYING SIGNALS UR INFORMATION JUST CONFIRMS THAT .
UR INDFORMATION IS REALLY USEFUL KEEP UP UR GOOD WORK.

Arre yaar, ap to Bhagyanagr ke peeche pad gaye ho !! Saw this in so many threads !!

All the best