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Mystical movement in SUZLON

Monday, March 14, 2011 | | |

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On 14 Mar 2011 SUZLON was traded with mystical volume. Average volume of SUZLON is not above 15000000 to 20000000 from last few months. I say mystical because volume touches vi Mark of 60000000 easily. My point is that even though huge volume. SUZLON remain three percent negative. On another side Nifty makes higher top on Greed side.

There is rumor of bulk deal of 4 cr. Shares . It may be true SUZLON counter start to show buying interest. My short term view on SUZLON is very bullish with stoploss of 42. It may zoom in next three months. It may be earlier than this also if market condition will favorable.

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