>Nifty Elliott wave analysis

Nifty continues its slow lackluster sideways to downward move .
The current structure from the top of 5400 looks like 3,3
There could be a Flat or Triangle possibility ,Though Flat
possibility looks less the way current structure is unfolding.
A rise to 5340-60 is not ruled out if its a triangle all in all the call writing in rises
have paid since last week.As had mentioned in EagleEyeTrade this lackluster
sideways move has given ample time to Midcaps and they are indeed buzzing.
Below 5290 we head towards 5220,5200 Which can give support and can relook
into the trade setup there.
RESEARCH REPORTS

>INSIDER TRADING 13-04-10(Westglobe Ltd Bought Sesagoa)

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
503940	Asian Electronics Ltd	Shah Investments, Financials, Developments & Consultants Pvt	29/03/2010	S	35160	0.11	267237	0.87	#
503940	Asian Electronics Ltd	Shah Investments, Financials, Developments & Consultants Pvt	30/03/2010	S	190000	0.62	77237	0.25	#
503940	Asian Electronics Ltd	Shah Investments, Financials, Developments & Consultants Pvt	31/03/2010	S	77237	0.25	0	0.00	#
503940	Asian Electronics Ltd	Shah Investments, Financials, Developments & Consultants Pvt Ltd	26/03/2010	S	13725	0.04	302397	0.98	#
522064	Honda Siel Power Products Ltd	T Hamasaki	--						#
526247	Premier Explosives Ltd	Anilkumar Mehta	01/04/2010	S	1000		1500	0.02	#
500295	Sesa Goa Ltd	Westglobe Ltd	31/03/2010	B	1000000	0.12	42298139	5.09	#
523838	Simplex Infrastructures Ltd	HDFC Equity Fund	12/09/2009 - 31/03/2010	B	388899	0.78	1396899	2.82	#
523838	Simplex Infrastructures Ltd	HDFC Infrastructures Fund	12/09/2009 - 31/03/2010	B	295000	0.59	295000	0.59	#
523838	Simplex Infrastructures Ltd	HDFC Long Term Equity Fund	12/09/2009 - 31/03/2010	B	111128	0.22	757128	1.53	#
523838	Simplex Infrastructures Ltd	HDFC Monthly Income Plan Long Term Plan	12/09/2009 - 31/03/2010	B	403285	0.81	403285	0.81	#

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Acq/Sale	No.of Shares Transacted		Holding after Transaction
					Qty	%	Qty	%
503940	ASIAN ELECTRONICS LTD.	Shah Investments, Financials, Developments & Consultants Pvt Ltd	26/03/2010	Sale	13725	0.04	302397	0.98	#
503940	ASIAN ELECTRONICS LTD.	Shah Investments, Financials, Developments & Consultants Pvt	29/03/2010	Sale	35160	0.11	267237	0.87	#
503940	ASIAN ELECTRONICS LTD.	Shah Investments, Financials, Developments & Consultants Pvt	30/03/2010	Sale	190000	0.62	77237	0.25	#
503940	ASIAN ELECTRONICS LTD.	Shah Investments, Financials, Developments & Consultants Pvt	31/03/2010	Sale	77237	0.25	0	0.00	#
533108	BHILWARA TECHNICAL TEXTILES LTD.	Lakshmi Niwas Jhunjhunwala (HUF)	31/03/2010	Sale	89160	0.15	0	0.00	#
533108	BHILWARA TECHNICAL TEXTILES LTD.	Lakshmi Niwas Jhunjhunwala (HUF)	31/03/2010	Sale	89160	0.15	0	0.00	*
533108	BHILWARA TECHNICAL TEXTILES LTD.	Ravi Jhunjhunwala (HUF)	31/03/2010	Sale	62500	0.11	0	0.00	*
533108	BHILWARA TECHNICAL TEXTILES LTD.	Ravi Jhunjhunwalal (HUF)	31/03/2010	Sale	62500	0.11	0	0.00	#
533108	BHILWARA TECHNICAL TEXTILES LTD.	Shantanu Agarwal	31/03/2010	Acq	62500	0.11	1038120	1.78	#
533108	BHILWARA TECHNICAL TEXTILES LTD.	Shantanu Agarwal	31/03/2010	Acq	62500	0.11	1038120	1.78	*
533108	BHILWARA TECHNICAL TEXTILES LTD.	Shekhar Agarwal (Karta)	31/03/2010	Acq	1111972	1.90	2003920	3.43	#
533108	BHILWARA TECHNICAL TEXTILES LTD.	Shekhar Agarwal (Karta)	31/03/2010	Acq	1111972	1.90	2003920	3.43	*
514450	MAHALAXMI RUBTECH LTD.	Amita A Parekh	01/04/2010	Sale	40000	0.45	666039	7.55	*
514450	MAHALAXMI RUBTECH LTD.	Anand J Parekh	01/04/2010	Sale	40000	0.45	751122	8.52	*
514450	MAHALAXMI RUBTECH LTD.	Jeetmal B Parekh	01/04/2010	Sale	40000	0.45	962856	10.92	*
514450	MAHALAXMI RUBTECH LTD.	Rahul J Parekh	01/04/2010	Sale	40000	0.45	851119	9.65	*
514450	MAHALAXMI RUBTECH LTD.	Ratna R Parekh	01/04/2010	Sale	40000	0.45	564075	6.40	*
500295	SESA GOA LTD.	Westglobe Ltd	31/03/2010	Acq	1000000		42298139	5.09	#
521113	SUDITI INDUSTRIES LTD.	Pavan Agarwal	30/03/2010	Acq	150000	1.76	762500	8.95	*
532788	XL TELECOM & ENERGY LTD.	Dinesh Kumar	14/04/2010	Acq	1075132	5.17	2567303	12.35	@

RESEARCH REPORTS