1. MTNL has given a stellar upmove of 30% in last 1 week on the rumours of it being privatised. 2. It's currently at strong resistance and also has a strong support @15 3. I would advise to wait for some correction to re-enter around 15 levels or let it cross previous peak i.e. enter again 30+. Till then it's risky to enter in the middle of the move.