Monday, July 21, 2014

NBL

Rajesh Sharma

Some Info on floor sheet analysis of NBL.
Broker no 56 has sold 4,96,643 kittas of NBL shares that is 78% of total sell transaction, which is 6,39,369 Kittas..
There are multiple buying brokers including no 56.
There are larger transactions up to 50,000 thousand kittas.
Although, fundamental analysis and financial parameters do not support NBL going up, but trading has trend the leader. Moreover, someone's expectation in reaching to management also makes its impact. Glamor if created successfully could play even bigger role.
I am amazed and surprised a bit, but there is a verse in Saskrit, "Mahajano yen gaten pantha" (that is the path to proceed, through which many people are walking).

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