>Reliance Industries Technical Analysis

Reliance the super heavy weight:)

It has surprised Bears as well as conservative bulls with its vertical rise day after day
for last few weeks.Reliance gas production was a big trigger for this humongous move.
Now the immediate question where this move can loose steam:).

Attached chart shows the probable move of it in coming weeks.

The assumption holds true if the starting point of wave 1 holds true(Green bold arrow).
So reliance should consolidate for some time in 1800-1600 range before it blasts up
to 2000-2100 region to make a considerable top for some time.

Very selective intraday shorting opportunities may arise in reliance in coming days
provided you know where to short.

and then there would be a nice long trade opportunity when consolidation gets over and
reliance targets higher levels of 2000-2100.

We can expect a nice fall from 2000-2100 levels.

Read what research houses think about reliance

Reliance Industries(MERRILL LYNCH)

Traders do comment about your counts or views on reliance.

Regards
Rish

RESEARCH REPORTS

>INSIDER TRADING 09-04-09

523204	Aban Offshore Ltd.,	Sche Of Sundaram BNP Paribas Mutual Fund	31/03/2009	B	315035	0.83	2104421	5.56
532975	AISHWARYA TELECOM LIMITED	G.Rama Manohar Reddy	01/04/2009	B	2765		3588599	33.66
532975	AISHWARYA TELECOM LIMITED	G.Rama Manohar Reddy	07/04/2009	B	2602		3591201	33.68
506248	Amines & Plasticizers Ltd	Hemant Kumar Ruia with Shalini Ruia	26/03/2009	S	110000		1849873	33.62
527001	Ashapura Minechem Ltd	Navnital R. Shah	26/03/2009	B	130725		11039262	13.97
532995	Avon Corporation Limited	Pankaj Saraiya	04/04/2009	B	5000		6648483	40.10
532719	B L Kashyap and Sons Ltd	Vinod Kashyap	31/03/2009	B	7000		4855660	23.64
532719	B L Kashyap and Sons Ltd	Vineet Kashyap	31/03/2009	B	12599		4875223	23.73
532719	B L Kashyap and Sons Ltd	Vikram Kashyap	31/03/2009	B	7000		4858675	23.65
530999	Balaji Amines Ltd.	A. Prathap Reddy	25/03/2009 - 26/03/2009	B	2207		745746	11.51
530871	Chembond Chemicals Ltd.	Dr. Vinod D. Shah	02/04/2009	B	300	0.01	442655
532339	Compucom Software Lt.	Compucom Technologies Pvt Ltd.	--	B	7400	0.01	5367700	10.68
532339	Compucom Software Lt.	Compucom Technologies Pvt. Ltd.	--	B	6645	0.01	5358300	10.66
532339	Compucom Software Lt.	Compucom Technologies Pvt. Ltd.	--	B	2000		5360300	10.67
522295	Control Print (India) Ltd.	Pushpa Kabra	21/03/2009	B	60000		340073	4.33
522295	Control Print (India) Ltd.	Silver Plastochem Pvt Ltd.	21/03/2009	B	140000		1712871	21.83
522295	Control Print (India) Ltd.	Shiva Kabra	21/03/2009	B	60000		349376	4.45
532941	Cords Cable Industries Limited	Naveen Sawhney	27/03/2009	B	21180		1559379	13.65
500096	Dabur India Ltd.	Sunil Duggal	31/03/2009	S	10000		1459359	0.16
500096	Dabur India Ltd.	Ambati Sudhakar	31/03/2009	S	5000		188452	0.02
532848	Delta Corp Limited11	Jaydev Mody	31/03/2009	B	1448130		9987590	7.37
531923	Dhampure Speciality Sugars Ltd.	Mr. Sorabh Gupta	--	B	2886	0.04	1963890	27.42
531923	Dhampure Speciality Sugars Ltd.	Mr. Sorabh Gupta	--	B	622	0.01	1964512	27.43
500133	Esab India Ltd.	Exelvia Group India BV	31/03/2009	B	341		2822831	18.34
500133	Esab India Ltd.	Exelvia Group India BV & PAC	30/03/2009	B	2600	0.01	8563090	55.63
532622	GATEWAY DISTRIPARKS LTD.	R. Kumar	31/03/2009	B	5000		70000	0.06
523477	Gujarat Gas Co. Ltd.	GGCL Emp. Welfare Stock Option Trust	27/03/2009 - 31/03/2009	B	28069		163306	0.25
532717	Indo Tech Transformers Limited	The India Fund Inc.	27/03/2009	S	132666	1.25	535844	5.04
526512	Interlink Petroleum Ltd.	Vijay Misra	26/03/2009 - 27/03/2009	S	1900000		100000	0.54
530773	IVRCL Infrastructures & Projects Ltd.	R. Balarami Reddy	02/04/2009	S	5000		17150	0.01
532644	J.K. CEMENT LTD	K. N. Khandelwal	06/04/2009	B	2000		2421
532741	Kamdhenu Ispat Limited	Kamdhenu Overseas Ltd.	25/03/2009 - 27/03/2009	B	24294		2385688	12.54
512559	Kohinoor Foods Ltd	Satnam Arora	31/03/2009	B	33048	0.12	2454476	8.71
512559	Kohinoor Foods Ltd	Jugal Kishore Arora	30/03/2009	B	33000	0.12	3107851	11.02
512559	Kohinoor Foods Ltd	Gurnam Arora	31/03/2009	B	33492	0.12	3546024	12.58
512559	Kohinoor Foods Ltd	Gurnam Arora	30/03/2009	B	34025	0.12	3512532	12.46
512559	Kohinoor Foods Ltd	Satnam Arora	30/03/2009	B	33160	0.12	2424128	8.59
512559	Kohinoor Foods Ltd	Jugal Kishore Arora	31/03/2009	B	33460	0.12	3141311	11.14
526596	Liberty Shoes Ltd.	Sunil Bansal	30/03/2009	B	40000		180000	1.06
526596	Liberty Shoes Ltd.	Vivek Bansal	31/03/2009	B	44000		397200	2.33
526596	Liberty Shoes Ltd.	M/s Geofin Investments Private Ltd.	31/03/2009	B	10000	0.05	4424712
526596	Liberty Shoes Ltd.	Adesh Gupta	31/03/2009	B	4000	0.02	55000
526596	Liberty Shoes Ltd.	Adeesh Gupta	31/03/2009	B	4000	0.02	127360
526596	Liberty Shoes Ltd.	Dinesh Kumar Gupta	31/03/2009	B	4000	0.02	55400
526596	Liberty Shoes Ltd.	Raman Bansal	31/03/2009	B	4000	0.02	184000
526596	Liberty Shoes Ltd.	Shammi Bansal	31/03/2009	B	6000	0.03	186000
526596	Liberty Shoes Ltd.	Sunil Bansal	31/03/2009	B	4000	0.02	184000
531027	Libords securities Ltd.	Libord Exports Pvt. Ltd.	--	B	2600	0.05	513707	10.27
513269	Man Industries (India) Ltd	Priyal Mansukhani	06/04/2009	B	25444		898575	1.68
532819	MindTree Limited	Rostow Ravanan	27/03/2009 - 31/03/2009	S	53198		426121	1.12
531595	Money Matters Financial Services Ltd	Jigyasa Properties Pvt Ltd.	02/04/2009	B	1643874	6.09	2465811	9.13
531595	Money Matters Financial Services Ltd	Gainful Multitrade Pvt Ltd.	02/04/2009	B	904511	3.35	1283706	4.75
531595	Money Matters Financial Services Ltd	Roopam Multitrade Pvt Ltd.	02/04/2009	B	1300000	4.81	1950000	7.22
511549	Morarka Finance Ltd.	G. R. Morarka	02/04/2009	B	100		8221	0.18
523391	Nahar Investment and Holding Ltd	J.J. Growth Fund Ltd.	23/03/2009	B	30133		320563	1.30
523391	Nahar Investment and Holding Ltd	Nahar Capital and Financial Services Ltd	23/03/2009	B	330224	0.00	11355329	46.18
523391	Nahar Investment and Holding Ltd	Kovalam Investment & Trading Co. Ltd.	23/03/2009	B	57637		213037	0.86
519560	Neha International Ltd.	G. Vinod Reddy	27/03/2009	B	20000		5120636	37.20
532912	Net 4 India Ltd.	Sterling Captal (P) Ltd	--	B	22631	0.12	2343247	13.99
530367	NRB Bearings Ltd.	T S Sahney	--	B	17388	0.03	2975083	6.13
532466	Oracle Financial Services Software Limited	Manmath Kulkarni (Revised)	19/03/2009	S	1459		66185
532466	Oracle Financial Services Software Limited	K. B. Seshadri	01/04/2009	S	850		--
500333	Pix Transmissions Ltd.,	Inderjeet Sethi	26/03/2009	N	30000		713288	6.77
500333	Pix Transmissions Ltd.,	Kamalpreet Sethi	26/03/2009	N	23959		87620	0.83
500333	Pix Transmissions Ltd.,	Saba Sethi	26/03/2009	N	10000		39300	0.37
500333	Pix Transmissions Ltd.,	Amarpal Sethi	26/03/2009	N	20000		860725	8.17
500333	Pix Transmissions Ltd.,	Sonepal Sethi	26/03/2009	N	45000		786091	7.46
500333	Pix Transmissions Ltd.,	Karanpal Sethi	26/03/2009	N	119182		182052	1.73
500333	Pix Transmissions Ltd.,	Davinder Sethi	26/03/2009	N	50000		611700	5.80
500333	Pix Transmissions Ltd.,	Sukhpal Singh Sethi	26/03/2009	N	50000		844125	8.01
500333	Pix Transmissions Ltd.,	Rishipal Sethi	26/03/2009	N	66859		215337	2.04
500540	Premier Limited	Doshi Holdings Pvt. Ltd.	01/04/2009 - 06/04/2009	B	13404	0.04	12010265	39.54
532387	Pritish Nandy Communications Ltd	Cresta Fund Ltd.	02/04/2009	B	1000000	6.91	1000000	6.91
523523	Rainbow Papers Ltd.,	Nikita Ajay Goenka	01/04/2009	B	18639		146336
523021	Rishi Packers Ltd.,	Harshad Patel	27/03/2009	B	1470	0.03	753288	15.30
532886	SEL Manufacturing Company Limited	Dhiraj Saluja & PAC	13/03/2009 - 31/03/2009	B	356077	2.07	10169967	59.24
532886	SEL Manufacturing Company Limited	Dhiraj Saluja	31/03/2009	B	20876		205125	1.19
532886	SEL Manufacturing Company Limited	Reema Saluja	31/03/2009	B	20394		190682	1.11
531812	SGN Telecoms Ltd.	Surinder Singh	23/03/2009	B	2665900		2733900	3.75
524542	Sukhjit Starch & Chemicals Ltd.	K K Sardana	23/03/2009	B	3041		486543	6.59
532371	Tata Teleservices (Maharashtra) Ltd.	NTT Docomo Inc.	26/03/2009	B	229856926	12.12	229856926	12.12
533033	The Saraswati Industrial Syndicate Limited	The Yamuna Syndicate Limited	30/03/2009	B	503	0.01	3052442	41.42
533033	The Saraswati Industrial Syndicate Limited	The Yamuna Syndicate Limited	25/03/2009	B	45	0.00	3051939	41.41
533033	The Saraswati Industrial Syndicate Limited	The Yamuna Syndicate Limited	31/03/2009	B	48	0.00	3052490	41.42
533033	The Saraswati Industrial Syndicate Limited	The Yamuna Syndicate Limited	23/03/2009	B	250	0.00	3051477	41.41
531088	Tulip Star Hotels Ltd.	Dr. Ajit B. Kerkar.	30/03/2009	B	11500		228570	4.97
530363	Ugar Sugar Works Ltd.	S B Reshellers Pvt. Ltd	30/03/2009 - 01/04/2009	S	129600	0.11	16340093	14.52
532432	United Spirits Limited	FID FDS - (Maurititus) Ltd. & Pac's	24/03/2009	S	4093540	4.09	1511367	1.51
511736	Ushdev International Ltd	Prateek Gupta	06/04/2009	B	348		479030	1.73
531249	Well Pack Papers & Containers Ltd.	Vinodbhai M. Patel	19/01/2009 - 22/01/2009	S	31500		491776	11.08
531249	Well Pack Papers & Containers Ltd.	Akshay V. Patel	17/01/2009	S	6000		477164	10.75

523204	Aban Offshore Ltd.,	SCHEMES OF SUNDARAM BNP PARIBAS MUTUAL FUND	31/03/2009	Acq	315035	0.83	2104421	5.57	#
511589	Almondz Capital & Management Services Ltd	INNOVATIVE MONEY MATTERS PVT LTD	31/03/2009	Acq	36700	0.37	2134702	21.31	#
531400	Almondz Global Securities Limited	ALMONDZ CAPITAL & MANAGEMENT SERVICES LTD &PAC	01/04/2009	Acq	2538	0.01	11987245	47.33	#
531381	Arihant Foundations & Housing Ltd.	STERLING PROJECTS & ENG. LTD & PAC	06/04/2009	Acq	5221	0.08	637819	9.05	*
519532	Asian Tea & Exports Ltd.	ASIAN CAPITAL MARKETS LTD & PAC	20/02/2009 - 27/03/2009	Acq	79323	0.93	4161789	48.96	#
532995	Avon Corporation Limited	PANKAJ P SARAIYA	02/04/2009	Acq	5000	0.03	6648483	40.10	#
532616	Cambridge Solutions Limited	XCHANGING (MAURITIUS) LTD.	01/04/2009	Acq	19228895	17.27	19228895	17.27	*
526839	CCAP Ltd.	CHIRANTAN MUKHERJI	02/04/2009	Acq	5000	0.14	608113	17.03	#
526839	CCAP Ltd.	CHANDRA MUKHERJI	06/04/2009	Acq	1500	0.04	206652	5.78	#
532548	Century Plyboards (India) Ltd.	BRIJ BHUSHAN AGARWAL.	25/03/2009 - 31/03/2009	Sale	3450000	1.55	2724709	1.23	#
530871	Chembond Chemicals Ltd.	VINOD D SHAH	02/04/2009	Acq	300	0.01	442655	14.76	#
512018	CNI Research Ltd	SANGITA OSTWAL	20/02/2009 - 31/03/2009	Acq	85000		4407250		*
512018	CNI Research Ltd	SHREENATH FINSTOCK P LTD	22/10/2008 - 31/03/2009	Acq	758873		3938873		*
512018	CNI Research Ltd	K P OSTWAL -HUF	21/11/2008 - 26/02/2009	Acq	345000		365250		*
532339	Compucom Software Lt.	COMPUCOM TECHNOLOGIES PVT LTD	01/04/2009	Acq	6645	0.01	5358300	10.66	#
532339	Compucom Software Lt.	COMPUCOM TECHNOLOGIES PVT LTD	06/04/2009	Acq	7400	0.01	5367700	10.68	#
500246	Envair Electrodyne Ltd.	SHRIPAD MIRASHI	02/04/2009	Acq	300	0.01	1563871	51.44	#
500133	Esab India Ltd.	EXELVIA GROUP INDIA B.V	30/03/2009	Acq	2600	0.01	8565690	55.65	#
500133	Esab India Ltd.	EXELVIA GROUP INDIA B.V & PAC	31/03/2009	Acq	341	0.00	8566031	55.65	#
530023	Fortune Financial Services (India)	JALPA NIMISH SHAH	16/03/2009	Acq	6715		491021		*
532734	GODAWARI POWER AND ISPAT LTD.	RAM REALMART PVT LTD & PAC's	01/04/2009 - 06/04/2009	Acq	81600	0.29	632151	2.25	*
514238	Ikab Securities & Investment Ltd.	ABHISHEK BAGRI	31/03/2009	Acq	153650	4.45	224595	6.51	*
526512	Interlink Petroleum Ltd.	ANIL MISRA	26/03/2009	Acq	500000	2.71	500000	2.71	#
526512	Interlink Petroleum Ltd.	KENNETH GERARD PEREIRA	27/03/2009	Acq	1400000	7.60	1400000	7.60	#
526512	Interlink Petroleum Ltd.	VIJAY MISRA	26/03/2009 - 27/03/2009	Sale	1900000	10.32	100000	0.54	#
512559	Kohinoor Foods Ltd	JUGAL KISHORE ARORA	31/03/2009	Acq	33460		--		#
511593	Libord Infotech Ltd.	LIBORD EXPORTS PVT LTD	17/03/2009 - 31/03/2009	Acq	3695	0.05	1031689	12.90	#
532307	Melstar Information Technologies Ltd.	ANTHONY C GALE	06/04/2009	Sale	1089332	7.63	0	0.00	#
531595	Money Matters Financial Services Ltd	JIGYASA PROPERTIES PVT. LTD.	27/03/2009	Acq	1643874	6.09	2465811	9.13	#
531595	Money Matters Financial Services Ltd	GAINFUL MULTITRADE PVT LTD & PACS	27/03/2009	Acq	904511	3.35	2135255	7.91	#
531595	Money Matters Financial Services Ltd	ROOPAM MULTITRADE PVT LTD.	27/03/2009	Acq	1300000	4.81	1950000	7.22	#
531595	Money Matters Financial Services Ltd	ROOPAM MULTITRADE PVT LTD.	02/04/2009	Acq	1300000	4.81	1950000	7.22	*
511714	NCJ International Ltd.	BIPIN AGARWAL	09/01/2009 - 27/03/2009	Acq	146574	1.97	--		*
511714	NCJ International Ltd.	BIPIN AGARWAL	30/03/2009 - 31/03/2009	Sale	35000	0.47	246260	3.31	*
511714	NCJ International Ltd.	NIMBUS INDIA LTD	09/01/2009 - 31/03/2009	Acq	36352	0.49	1136820	15.28	*
511714	NCJ International Ltd.	BIPIN AGARWAL	09/01/2009 - 27/03/2009	Acq	146574	1.97	--		#
511714	NCJ International Ltd.	BIPIN AGARWAL	30/03/2009 - 31/03/2009	Sale	35000	0.05	246260	3.31	#
511714	NCJ International Ltd.	NIMBUS INDIA LTD	30/03/2009 - 31/03/2009	Acq	36352	0.49	1136820	15.28	#
532912	Net 4 India Ltd.	STERLING CAPITAL (P) LTD.	24/03/2009 - 01/04/2009	Acq	22631	0.14	2343247	13.99	#
532912	Net 4 India Ltd.	STERLING CAPITAL (P) LTD.	24/03/2009 - 01/04/2009	Acq	22631	0.14	2343247	13.99	*
532912	Net 4 India Ltd.	SUZANE PAI.	25/03/2009	Acq	2932	0.00	288748	1.72	*
532912	Net 4 India Ltd.	SUZANE PAI.	26/03/2009	Acq	1515		290263	1.73	*
532912	Net 4 India Ltd.	SUZANE PAI.	27/03/2009	Acq	2847	0.00	--	0.00	*
511658	Nettlinx Ltd.	MANOHAR LOKA REDDY	06/04/2009	Acq	1450	0.01	1368588	12.40	#
523642	P. I. Industries Ltd.,	ROWANHILL INVESTMENTS LTD.	06/04/2009	Acq	457400	12.91	457400	12.91	#
523642	P. I. Industries Ltd.,	ROWANHILL INVESTMENTS LTD.	06/04/2009	Acq	457400	12.91	457400	12.91	*
531349	Panacea Biotec Ltd.	FIRST LUCRE PARTNERSHIP CO & PAC's	06/04/2009	Acq	122370	0.18	45579427	68.19	*
500333	Pix Transmissions Ltd.,	AMARPAL SETHI	26/03/2009	Acq	20000		860725		#
500333	Pix Transmissions Ltd.,	INDERJEET SETHI	26/03/2009	Acq	30000		713288		#
500333	Pix Transmissions Ltd.,	KARANPAL SETHI	26/03/2009	Acq	119182		182052		#
500333	Pix Transmissions Ltd.,	SUKHPAL SINGH SETHI	26/03/2009	Acq	50000		844125		#
500333	Pix Transmissions Ltd.,	DAVINDER SETHI	26/03/2009	Acq	50000		611700		#
500333	Pix Transmissions Ltd.,	RISHIPAL SETHI	26/03/2009	Acq	66859		215337		#
500333	Pix Transmissions Ltd.,	SABA SETHI	26/03/2009	Acq	10000		39300		#
500333	Pix Transmissions Ltd.,	SONEPAL SETHI	26/03/2009	Acq	45000		786091		#
500333	Pix Transmissions Ltd.,	KAMALPREET SETHI	26/03/2009	Acq	23959		87620		#
532387	Pritish Nandy Communications Ltd	CRESTA FUND LTD.	02/04/2009	Acq	1000000	6.91	1000000	6.91	#
523021	Rishi Packers Ltd.,	HARSHAD PATEL	31/03/2009	Acq	1470	0.03	753288	15.30	#
500368	Ruchi Soya Industries ltd.	RUCHI INFRASTRUCTURE LTD	31/03/2009	Acq	1200000	0.64	79230758	41.97	#
500370	Salora International Limited	MAYANK CHAURASIA	30/03/2009	Acq	5000	0.06	409249	4.65	*
500370	Salora International Limited	MAYANK CHAURASIA	31/03/2009	Sale	305000	3.46	104249	1.18	*
500370	Salora International Limited	ARPIT CHAURASIA	31/03/2009	Sale	136098	1.55	248036	2.82	*
511754	Shalibhadra Finance Ltd.	SHEETAL M DOSHI	02/04/2009	Acq	51		1037222	20.73	*
511754	Shalibhadra Finance Ltd.	SHEETAL M DOSHI	02/04/2009	Acq	51		1037222	20.73	#
523756	SREI Infrastructure Finance limited	ADHYATMA COMMERCIAL PVT LTD & PAC's	30/03/2009	Acq	25000	0.02	5775000	4.97	*
524717	Titan Bio-Tech Ltd.	TANITA LEASING & FINANCE LTD	31/03/2009	Acq	20229	0.36	529729	9.56	*
531088	Tulip Star Hotels Ltd.	AJIT B KERKAR.	30/03/2009	Acq	11500	0.25	228570	4.97	#
511736	Ushdev International Ltd	PRATEEK GUPTA	06/04/2009	Acq	348	0.00	479030	1.73	#
526586	Wim Plast Ltd.	GAURAV PRADEEP RATHOD	26/03/2009 - 30/03/2009	Acq	799		347804	5.71	#
530665	Zenith Health Care Ltd.	AKSHIT M RAYCHA	30/03/2009	Acq	2000		733505	1.36	#

RESEARCH REPORTS