>INSIDER TRADING 26-08-09

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
526397	Alphageo (India) Ltd	IDFC Premier Equity Fund	--	S	105600	2.08	52004	1.02
532828	AMD Industries Ltd	Harswarup Gupta	18/08/2009 - 19/08/2009	B	14485		2440493	12.73
531881	Arvind Chemicals Ltd	Ruchika Tradelink Pvt Ltd & Others	--	B	40000	0.20	6996839	35.32
531881	Arvind Chemicals Ltd	Ruchika Tradelink Pvt Ltd & Others	--	B	40437	0.21	7037276	35.53
524760	Arvind International Ltd	Arvind Bajoria	11/08/2009	B	2800	0.04	546306	7.79
524760	Arvind International Ltd	Arvind Bajoria	12/08/2009	B	1161	0.02	547467	7.81
524760	Arvind International Ltd	Arvind Bajoria	13/08/2009	B	200	0.00	547667	7.81
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	1227	0.01	578523	5.51
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	2370	0.02	580893	5.53
508939	Blue Circle Services Ltd	Ashish Kedia	--	B	75000	10.04	75000	10.04
508939	Blue Circle Services Ltd	Jaikishan Bhagchandka	--	B	50000	6.69	50000	6.69
508939	Blue Circle Services Ltd	Prime Capital Market Ltd	--	B	50000	6.69	50000	6.69
508939	Blue Circle Services Ltd	Yash Shelters Ltd	--	S	240000	32.13	152000	20.35
500825	Britannia Industries Ltd	Nasser Munjee	--	S
526367	Ganesh Housing Corporation Ltd	Mrs Darshna B Patel	06/08/2009 - 21/08/2009	B	26100	0.08	26100	0.08
509567	Goa Carbon Ltd	Shrinivas V Dempo	10/08/2009	B	222		146890	1.60
509567	Goa Carbon Ltd	Shrinivas V Dempo	13/08/2009	B	500		147390	1.61
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	--	B	10525	0.03	790652	2.81
530001	Gujarat Alkalies & Chemicals Ltd	Sundaram BNP Paribas Select Mid Cap	13/08/2009	B	300000	0.40	3724106	5.07
500670	Gujarat Narmada Valley Fertilizers Company Ltd	Life Insurance Corporation Of India	--	B	3805958	2.45
504336	Ind Tra Deco Ltd	Pleasent Textile Ltd	--	S	101500	0.06
504336	Ind Tra Deco Ltd	Pleasent Textile Ltd	--	S	200000	0.13
532832	Indiabulls Real Estate Ltd	FMR LLC & PACs	20/08/2009	B	1673503	0.42	21468560	5.35
532926	Jyothy Laboratories Ltd	M P Ramachandran	14/08/2009	B	8805		34479066	47.51
532926	Jyothy Laboratories Ltd	M P Ramachandran	18/08/2009	B	16700		34536266	47.69
500240	Kinetic Engineering Ltd	AIG Asian Opportunity Fund II, LP	14/08/2009	B	755562	7.18
500240	Kinetic Engineering Ltd	Ajinkya A Firodia	13/08/2009	B	81723		109772	1.19
500240	Kinetic Engineering Ltd	American International Assurance Company (Bermuda) Ltd	14/08/2009	B	137950	1.33
500240	Kinetic Engineering Ltd	American International Assurance Company Ltd	14/08/2009	B	220719	2.13
500240	Kinetic Engineering Ltd	Jayashree A Firodia	--	B	1488854	16.08	1987777	21.47
500249	KSB Pumps Ltd	UTI Mutual Fund	--	B	164226
500249	KSB Pumps Ltd	UTI Mutual Fund	--	S	538015		512655	2.95
500257	Lupin Ltd	Ashok Kumar Madan	21/08/2009	S	713		114	0.00
500257	Lupin Ltd	Debabrata Chakravorty	20/08/2009	S	121		3680	0.00
500257	Lupin Ltd	Debabrata Chakravorty	26/08/2009	S	3600		80	0.00
500257	Lupin Ltd	Parari Athmaram Patil	20/08/2009	S	402		1838	0.00
500257	Lupin Ltd	Parari Athmaram Patil	25/08/2009	S	488		1350	0.00
500257	Lupin Ltd	Prabhat Tandon	24/08/2009	S	2500		1340	0.00
500257	Lupin Ltd	Sanjay P Yajnik	21/08/2009	S	500		3920	0.00
500257	Lupin Ltd	Vijaykumar A Kothiwale	24/08/2009 - 25/08/2009	S	250		500	0.00
514450	Mahalaxmi Rubtech Ltd	Mamta A Surana	--	S	19495	0.22	607368	6.89
514450	Mahalaxmi Rubtech Ltd	Mamta A Surana	--	S	23930	0.27	583438	6.62
514450	Mahalaxmi Rubtech Ltd	Ratna R Parekh	--	S	6000	0.07	629075	7.13
522249	Mayur Uniquoters Ltd	Manav Poddar	08/08/2009 - 17/08/2009	B	11049		962648	17.78
501343	Motor & General Finance Ltd	Grosenor Estates Pvt Ltd	--	B	6596	0.03	321395	1.66
501343	Motor & General Finance Ltd	Grosvenor Estates Pvt Ltd	--	B	5062	0.03	336565	1.74
507498	Piccadily Sugar & Allied Industries Ltd	Siddhartha Vashishta	31/07/2009	B	700		5398901	18.29
500540	Premier Ltd	Doshi Holdings Pvt Ltd	--	B	20000	0.07	12363443	40.70
500540	Premier Ltd	Doshi Holdings Pvt Ltd	--	B	22500	0.08	12385943	40.78
590077	Ranklin Solutions Ltd	M J V V D Prakash	29/07/2009	B	3900
502448	Rollatainers Ltd	W L D Investments Pvt Ltd	27/07/2009	S	100000		8812338	88.07
502448	Rollatainers Ltd	W L D Investments Pvt Ltd	29/07/2009	S	100000		8712338	87.07
502448	Rollatainers Ltd	W L D Investments Pvt Ltd	30/07/2009	S	100000		8612338	86.08
509020	Ruchi Infrastructure Ltd	Ruchi Soya Industries Ltd	--	B	4461233	2.20
509020	Ruchi Infrastructure Ltd	Ruchi Soya Industries Ltd	06/08/2009	B	1000000	0.49	10505000	5.17
500368	Ruchi Soya Industries Ltd	Albula Investment Fund Ltd	29/07/2009	B	15000000	6.85	15000000	6.85
500368	Ruchi Soya Industries Ltd	Emsaf Mauritius	--	B	2657257
500368	Ruchi Soya Industries Ltd	Emsaf Mauritius	--	B	8311436
500368	Ruchi Soya Industries Ltd	Emsaf Mauritius	--	S	6072147		6974407	3.69
531374	SAAG RR Infra Ltd	SAAG (Mauritius) Ltd	--	S	300000	2.86	4113000	39.17
531374	SAAG RR Infra Ltd	SAAG (Mauritius) Ltd	--	S	300000	2.86	4413000	42.03
532646	Uniply Industries Ltd	B L Bengani	20/08/2009	B	50000		531412	4.26
523261	Venkys India Ltd	Venkateshwara Hatcheries Pvt Ltd	--	B	17481		4636187	49.37
523261	Venkys India Ltd	Venkateshwara Hatcheries Pvt Ltd	--	B	4499	0.04	4640686	49.41
532757	Voltamp Transformers Ltd	Bhupendra M Sheth	21/08/2009	S	1000		2300	0.02

526397	Alphageo (India) Ltd	IDFC Premier Equity Fund	12/08/2009	Sale	105600	2.06	52004	1.02	#
531881	Arvind Chemicals Ltd	Ruchika Tradelink Pvt Ltd & Others	12/08/2009 - 13/08/2009	Acq	80437	0.41	7037276	35.53	#
531881	Arvind Chemicals Ltd	Ruchika Tradelink Pvt Ltd & Others	12/08/2009 - 13/08/2009	Acq	80437	0.41	7037276	35.53	*
524760	Arvind International Ltd	Arvind Bajoria	11/08/2009 - 13/08/2009	Acq	4161	0.06	547667	7.81	#
519105	AVT Natural Products Ltd	Midland Rubber & Produce Co Ltd	14/08/2009	Acq	170	0.00	769177	10.10	#
519105	AVT Natural Products Ltd	Midland Rubber & Produce Co Ltd	17/08/2009	Acq	276012	3.62	1049177	13.77	#
519105	AVT Natural Products Ltd	Midland Rubber & Produce Co Ltd	17/08/2009	Acq	276012	3.63	1049177	13.78	*
519105	AVT Natural Products Ltd	Midland Rubber & Produce Co Ltd	17/08/2009	Acq	3988	0.05	773165	10.15	#
519105	AVT Natural Products Ltd	Midland Rubber & Produce Co Ltd	17/08/2009 - 18/08/2009	Acq	2490	0.03	1051667	13.81	*
519105	AVT Natural Products Ltd	Midland Rubber & Produce Co Ltd	18/08/2009	Acq	209468	2.75	1261135	16.56	*
531590	Bilpower Ltd	Choudhary Global Ltd	05/08/2009	Acq	3597	0.03	580893	5.53	#
508939	Blue Circle Services Ltd	Ashish Kedia	17/08/2009	Acq	75000	10.04	75000	10.04	#
508939	Blue Circle Services Ltd	Ashish Kedia	17/08/2009	Acq	75000	10.04	75000	10.04	*
508939	Blue Circle Services Ltd	Jaikishan Bhagchandka	17/08/2009	Acq	50000	6.69	50000	6.69	*
508939	Blue Circle Services Ltd	Jaikishan Bhagchandra	17/08/2009	Acq	50000	6.69	50000	6.69	#
508939	Blue Circle Services Ltd	Prime Capital Market Ltd	17/08/2009	Acq	50000	6.69	50000	6.69	#
508939	Blue Circle Services Ltd	Prime Capital Market Ltd	17/08/2009	Acq	50000	6.69	50000	6.69	*
508939	Blue Circle Services Ltd	Yash Shelters Ltd	17/08/2009	Sale	240000	32.13	152000	20.35	#
508939	Blue Circle Services Ltd	Yash Shelters Ltd	17/08/2009	Sale	240000	32.13	152000	20.35	*
530495	Chhattisgarh Industries Ltd	Greenex Chemicals Pvt Ltd	30/06/2009 - 24/08/2009	Sale	185000	2.47	53500	0.71	#
500246	Envair Electrodyne Ltd	Shripad Mirashi	31/07/2009 - 06/08/2009	Acq	1206	0.05	1570642	51.69	#
509567	Goa Carbon Ltd	Shrinivas V Dempo	10/08/2009 - 13/08/2009	Acq	722	0.01	147390	1.61	#
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	17/08/2009 - 18/08/2009	Acq	10525	0.03	790652	2.81	#
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd & PACs	17/08/2009 - 18/08/2009	Acq	10525	0.03	16552652	58.96	#
531608	Gorani Industries Ltd	Narendra Gorani	03/08/2009	Acq	261600	4.81	801800	14.74	#
500670	Gujarat Narmada Valley Fertilizers Company Ltd	Life Insurance Corporation of India	07/08/2009	Acq	200000	0.13	15667606	10.08	#
513337	Gujarat Toolroom Ltd	Devang J Gadoya	17/07/2009	Sale	10000	0.29	463000	13.31	#
513337	Gujarat Toolroom Ltd	Devang J Gadoya	28/07/2009	Sale	80000	2.30	383000	11.01	#
513337	Gujarat Toolroom Ltd	Devang J Gadoya	30/07/2009	Sale	10000	0.29	373000	10.72	#
513337	Gujarat Toolroom Ltd	Devang J Gadoya	31/07/2009	Sale	70000	2.00	303000	8.72	#
504336	Ind Tra Deco Ltd	Pleasent Textile Ltd	13/08/2009	Sale	101500	0.06	7234460	4.61	#
504336	Ind Tra Deco Ltd	Pleasent Textile Ltd	14/08/2009	Sale	200000	0.13	7034460	4.48	#
532832	Indiabulls Real Estate Ltd	FMR LLC & PACs	20/08/2009	Acq	1673503	0.42	21468560	5.35	#
514034	JBF Industries Ltd	Bhagirath C Arya	31/07/2009	Acq	367050	0.59	23351173	37.52	#
514034	JBF Industries Ltd	Vaidic Resources Pvt Ltd	31/07/2009	Acq	197200	0.32	4006004	6.44	#
500240	Kinetic Engineering Ltd	Arun Hastimal Firodia & PACs	12/08/2009	Acq	1708410		5730541	61.90	*
500240	Kinetic Engineering Ltd	Arun Hastimal Firodia & PACs	12/08/2009	Acq	1708410	0.00	5730541	61.90	#
500240	Kinetic Engineering Ltd	AIG Asian Opportunity Fund II L P & PACs	13/08/2009	Acq	1114231	0.00	1554231	14.98	#
500240	Kinetic Engineering Ltd	AIG Asian Opportunity Fund II, LP	14/08/2009	Acq	755562	7.28	1195562	11.53	*
500240	Kinetic Engineering Ltd	American International Assurance Co (Bermuda) Ltd	14/08/2009	Acq	137950	1.33	137950	1.33	*
500240	Kinetic Engineering Ltd	American International Assurance Company Ltd	14/08/2009	Acq	220719	2.13	220719	2.13	*
514450	Mahalaxmi Rubtech Ltd	Mamta A Surana	17/08/2009	Sale	19495	0.22	607368	6.89	#
514450	Mahalaxmi Rubtech Ltd	Mamta A Surana	18/08/2009	Sale	23930	0.27	583438	6.62	#
514450	Mahalaxmi Rubtech Ltd	Ratna R Parekh	18/08/2009	Sale	6000	0.07	629075	7.13	#
516007	Mangalam Timber Products Ltd	Aditya Marketing & Manufacturing Ltd	17/08/2009	Acq	16386	0.09	673709	3.68	*
516007	Mangalam Timber Products Ltd	Aditya Marketing & Manufacturing Ltd	18/08/2009	Acq	14128	0.08	6457390	35.23	#
516007	Mangalam Timber Products Ltd	Aditya Marketing & Manufacturing Ltd	18/08/2009	Acq	14128	0.08	687837	3.75	*
501343	Motor & General Finance Ltd	Grosvenor Estates Pvt Ltd	18/08/2009	Acq	5062	0.03	336565	1.74	#
502420	Orient Paper & Industries Ltd	Shekhavati Investments & Traders Ltd	11/08/2009 - 12/08/2009	Sale	60385	0.03	10033015	5.20	#
507498	Piccadily Sugar & Allied Industries Ltd	Siddhartha Vashishta	31/07/2009	Acq	700		5398901	18.29	#
506605	Polychem Ltd	Ginners & Pressers Ltd	04/08/2009	Sale	3500	0.87	26369	6.52	#
506605	Polychem Ltd	Virsun Investments Pvt Ltd	04/08/2009	Acq	3500	0.87	90063	22.29	#
590077	Ranklin Solutions Ltd	M J V V D Prakash	29/07/2009	Acq	3900	0.08	613864	12.18	#
531952	Riba Textiles Ltd	Asha Garg, Ravi Promoters Pvt Ltd	04/08/2009	Acq	304500	3.39	1461493	16.25	*
502448	Rollatainers Ltd	W L D Investments Pvt Ltd	27/07/2009 - 30/07/2009	Sale	300000	2.99	8612338	86.08	#
509020	Ruchi Infrastructure Ltd	Ruchi Soya Industries Ltd	06/08/2009	Acq	1000000	0.49	10505000	5.17	#
509020	Ruchi Infrastructure Ltd	Ruchi Soya Industries Ltd	07/08/2009 - 14/08/2009	Acq	4461233	2.20	14966233	7.37	#
500368	Ruchi Soya Industries Ltd	Albula Investment Fund Ltd	29/07/2009	Acq	15000000	6.85	15000000	6.85	#
531374	SAAG RR Infra Ltd	SAAG (Mauritius) Ltd	17/08/2009	Sale	300000	2.86	4413000	42.03	#
531374	SAAG RR Infra Ltd	SAAG (Mauritius) Ltd	18/08/2009	Sale	300000	2.86	4113000	39.17	#
590051	Saksoft Ltd	Aditya Krishna	12/08/2009	Acq	10000	0.10	3615020	35.65	#
590051	Saksoft Ltd	Aditya Krishna	12/08/2009	Acq	10000	0.10	3615020	35.65	*
532886	SEL Manufacturing Company Ltd	Ritu Saluja	17/08/2009	Sale	700000	4.08	8566202	49.90	*
524717	Titan Biotech Ltd	Titan Securities Ltd	03/08/2009	Acq	501	0.01	1580198	28.53	#
523261	Venkys India Ltd	Venkateshwara Hatcheries Pvt Ltd	10/08/2009 - 12/08/2009	Acq	17481	0.19	4636187	49.37	#
523261	Venkys India Ltd	Venkateshwara Hatcheries Pvt Ltd	10/08/2009 - 12/08/2009	Acq	17481	0.19	4636187	49.37	*
523261	Venkys India Ltd	Venkateshwara Hatcheries Pvt Ltd	13/08/2009 - 14/08/2009	Acq	4499	0.04	4640686	49.41	#
523261	Venkys India Ltd	Venkateshwara Hatcheries Pvt Ltd	13/08/2009 - 14/08/2009	Acq	4499	0.04	4640686	49.41	*
532116	Xo Infotech Ltd	Girish Metals Pvt Ltd	23/07/2009	Acq	2000000	4.03	2703190	5.58	#
532116	Xo Infotech Ltd	Shalibhadra Steel Pvt Ltd	23/07/2009	Acq	2000000	4.03	2679600	5.53	#
532116	Xo Infotech Ltd	Shankeshwar Metals Pvt Ltd	23/07/2009	Acq	2000000	4.03	2903734	6.00	#
532116	Xo Infotech Ltd	Shanti Tradelink Pvt Ltd	23/07/2009	Acq	2000000	4.03	2733620	5.64	#
532116	Xo Infotech Ltd	Sonika Granites Pvt Ltd	23/07/2009	Acq	2000000	4.03	2806570	5.80	#
530665	Zenith Healthcare Ltd	Akshit M Raycha	04/08/2009	Acq	7329	0.01	954945	1.77	#
530665	Zenith Healthcare Ltd	Akshit M Raycha	29/07/2009	Acq	9000	0.02	910283	1.69	#
530665	Zenith Healthcare Ltd	Akshit M Raycha	30/07/2009	Acq	500	0.00	910783	1.69	#
530665	Zenith Healthcare Ltd	Akshit M Raycha	31/07/2009	Acq	17833	0.03	928616	1.72	#
530091	Zyden Gentec Ltd	Deepak Real Estate Developers (I) Pvt Ltd	25/07/2009	Acq	100000	2.09	571704	11.28	#

RESEARCH REPORTS

>Elliott wave analysis Nifty

Hi Friends,
Its been couple of months and nifty is seen in range keeping traders guessing
about the next move the kind of structure nifty making makes me feel we are in for a
complex correction with X wave attaching two abc ,This could be a probable case and the we witnessing now most probably should be b of second set of abc well things should clear out
soon .
I am quite confident on one thing nifty cannot move much above 4750-800 till we go down considerably
you see to go more up we need to go bit more down

If this structure works out downside levels to be watched would be 4400.4200 and 4000.
A loosely prepared chart is attached to show the probable move for next several months .
Remember this is a possibility :) I am expecting thoughtfull comments from
wave trades on this.

Regards
Rish

RESEARCH REPORTS