>CNXIT Analysis

CNXIT the IT Index,Did not show much appreciation as compared to other indices.
This financial turmoil made sure that IT growth remains capped,Though INR(Indian rs)
weakness gave some hope to IT sector,But in short term this weakness of INR will
not benefit the sector as a whole because most are hedged .

Technically,

IT index looks to be in C wave with corresponding corrective up underway which
looks like has come to an end ,And looks set to make a new low.

If you holding front line IT stocks make sure you have trailing stoploss in place
never loose your profit.
Conservative target for CNXIT could be near to 2000.
Comments welcome.

Regards
Rish

>INSIDE TRADING 05-11-2008

524348 Aarti Drugs Limited Adhish P Patil 08/10/2008 - 29/10/2008 B 13556 57663 0.49 524348 Aarti Drugs Limited Prakash M Patil 01/10/2008 - 31/10/2008 B 15743 672597 5.74 520123 ABC India Ltd. Assam Bengal Carriers 27/10/2008 B 245273 5.00 754191 14.00 512599 Adani Enterprises Ltd. Adani Infrastructure Services P Ltd 27/10/2008 S 12572691 5.10 -- 512599 Adani Enterprises Ltd. Adani Tradelinks 27/10/2008 B 12572691 5.10 15822691 6.42 532828 AMD Industries Ltd Ashok Gupta 28/10/2008 B 354 2841499 14.82 531590 Bilpower Ltd. Mr. Ashok Bansal 03/11/2008 B 700 16756 0.16 532330 Biopac India Corporation Ltd Pankaj B. Doshi. 27/10/2008 B 3094 3127549 19.55 519600 CCL Products (India) Ltd. Challa Srishant 31/10/2008 B 30000 0.23 658001 4.95 519600 CCL Products (India) Ltd. Challa Rajendra Prasad. 03/11/2008 B 5369 0.04 1441885 10.84 512093 Cranes Software International Ltd. Goldman Sachs Invest(Mauritius) I Ltd 04/06/2004 - 22/10/2008 B 1173550 -- 512093 Cranes Software International Ltd. Goldman Sachs Invest(Mauritius) I Ltd 04/06/2004 - 22/10/2008 S 4040065 -- 512093 Cranes Software International Ltd. Goldman Sachs Invest.(Mauritius) I Ltd 04/06/2004 - 22/10/2008 N 7402131 5287496 4.61 532608 Deccan Chronicle Holdings Ltd. T. Venkattram Reddy. 03/11/2008 B 200000 49892416 20.37 532608 Deccan Chronicle Holdings Ltd. T. Vinayak Ravi Reddy. 03/11/2008 B 200000 49892416 20.37 532608 Deccan Chronicle Holdings Ltd. P.K. Iyer. 03/11/2008 B 200000 49892416 20.37 511072 Dewan Housing Finance Corpn. Ltd., Wadhawan Holdings Pvt Ltd. 31/10/2008 B 27052 0.04 3632823 6.00 532488 Divi's Laboratories Ltd. Dr. P Gundu Rao 29/10/2008 B 8000 8335 526783 Dr.Agarwals Eye Hospital Ltd. Dr. Amar Agarwal. 29/10/2008 B 200 154013 3.42 532521 Four Soft Limited Mr. Palem Srikath Reddy 31/10/2008 - 03/11/2008 B 12644 8312817 21.34 532521 Four Soft Limited Mr. Palem Srikath Reddy 03/11/2008 S 500 8312317 21.33 532345 Gati Limited Mahendra Kumar Agarwal 31/10/2008 - 03/11/2008 B 30649 1375682 1.62 532715 Gitanjali Gems Ltd. Mehul C Choksi 28/10/2008 B 25000 0.03 34749000 40.84 511288 GRUH Finance Ltd Ruane, Cunniff & Goldfard Inc. -- B 16500 1737275 5.01 524494 Ipca Laboratories Ltd. Murari Dutt Sharma 31/10/2008 B 2500 5000 0.02 524494 Ipca Laboratories Ltd. Prakash Narayan Shanware 31/10/2008 B 2500 3093 0.01 524494 Ipca Laboratories Ltd. Ashok Kumar 31/10/2008 B 2500 5000 0.01 524494 Ipca Laboratories Ltd. Yatish Kumar Bansal 31/10/2008 B 2500 5000 0.01 524494 Ipca Laboratories Ltd. Jeevan Lal Nagori 31/10/2008 B 2500 8152 0.03 524494 Ipca Laboratories Ltd. Anil Kumar Pareek 31/10/2008 B 2000 4000 0.01 524494 Ipca Laboratories Ltd. Harish P Kamath 31/10/2008 B 2000 3250 0.01 524494 Ipca Laboratories Ltd. N Guhaprasad 31/10/2008 B 2500 2500 0.01 524494 Ipca Laboratories Ltd. Mr. Lalit K Gupta 31/10/2008 B 2000 2000 0.01 524494 Ipca Laboratories Ltd. R S Hugar 31/10/2008 B 1250 2500 0.01 524494 Ipca Laboratories Ltd. Ramchandran Thembelath 31/10/2008 B 1250 11141 0.04 524494 Ipca Laboratories Ltd. V V Subha Rao 31/10/2008 B 1250 2500 0.01 524494 Ipca Laboratories Ltd. Vishnu Atmaram Gore 31/10/2008 B 1250 2500 0.01 524494 Ipca Laboratories Ltd. Babulal Jain 31/10/2008 B 1250 3500 0.01 524494 Ipca Laboratories Ltd. Ajit Kumar Jain 31/10/2008 B 3000 7200 0.02 532162 JK Paper Ltd. Jade Dragon (Mauritius) Ltd. 13/08/2008 - 27/10/2008 S 1589948 2.03 2676411 3.42 532341 Logix Microsystems Ltd Mr. Sanjay Soni 14/10/2008 B 916 1831436 14.95 523475 Lotus Chocolate Co. Ltd., Peraje Anant Pai 18/10/2008 B 865362 6.74 3642365 28.39 523475 Lotus Chocolate Co. Ltd., Peraje Prakash Pai 18/10/2008 B 865362 6.74 3637505 28.33 500257 Lupin Ltd Naresh Kumar Gupta 31/10/2008 S 1500 3660 500257 Lupin Ltd Sakti P Chakraborty 31/10/2008 S 1500 11850 500257 Lupin Ltd Debabrata Chakraborty 31/10/2008 S 397 3469 500257 Lupin Ltd Atul Janardhan Gore 31/10/2008 S 1000 1070 500257 Lupin Ltd Puspen Das Gupta 31/10/2008 S 400 1420 500257 Lupin Ltd Varun Khanna 31/10/2008 S 381 52500 0.06 500257 Lupin Ltd Shashi Narula 31/10/2008 S 3500 16500 0.02 500257 Lupin Ltd Kusum Gupta 31/10/2008 B 100 479 523704 Mastek Limited Sudhakar Ram. 23/10/2008 B 2746 2770080 10.30 532819 MindTree Limited Ashok Soota. 27/10/2008 - 31/10/2008 B 20275 4438631 11.68 501343 Motor & General Finance (M.G.F.) Lt Ram Prakash & Co Pvt Ltd. -- B 25000 0.13 325689 1.68 532837 ORBIT CORPORATION LIMITED Ramashraya Yadav 24/10/2008 B 1500 5710 531120 Patel Engineering Ltd Praham India Pvt Ltd 23/10/2008 - 29/10/2008 B 40000 0.06 13788000 23.11 531120 Patel Engineering Ltd Patel Realtors Pvt Limited 23/10/2008 - 29/10/2008 B 39607 0.06 14069607 23.58 531120 Patel Engineering Ltd Ms. Sonal Patel 03/11/2008 B 9450 129450 0.22 526490 Pratik Panels Ltd. Gunwantraj Singhvi 22/08/2008 - 23/10/2008 B 66373 86873 2.23 526247 Premier Explosives Ltd. Anil Kumar Mehta 01/10/2008 B 2000 0.02 2000 0.02 526247 Premier Explosives Ltd. Anil Kumar Mehta 08/10/2008 B 1625 0.02 3625 0.04 526247 Premier Explosives Ltd. Anil Kumar Mehta 10/10/2008 S 125 3500 0.04 505075 Setco Automotive Limited Udit Sheth 28/10/2008 B 32 259832 2.94 505075 Setco Automotive Limited Udit Sheth 29/10/2008 B 4968 264800 3.00 505075 Setco Automotive Limited Setco Engineering Pvt Limited 03/11/2008 B 275 4354873 49.36 532356 Triveni Engineering & Industries Ltd Dhankari Investments Ltd. 31/10/2008 B 2615139 1.01 12434877 4.82 532356 Triveni Engineering & Industries Ltd TOFSL Trading & Investments Ltd. 31/10/2008 S 2615139 1.01 5577361 2.16 500464 Ucal Fuel Systems Ltd., Mr. S. Muthukrishnan 03/11/2008 B 1551 30922 0.22 512070 United Phosphorus Ltd. Mr. Kalyan Banerjee 23/10/2008 B 5000 177560 0.08 526879 UT Ltd. Smt. Vandana Khaitan -- B 725 132712 2.18 526879 UT Ltd. Smt.Vandana Khaitan -- B 3126 135838 2.23 512217 Woolite Mercantile Co. Ltd., Umesh Chamdia 29/10/2008 B 691334 34.71 736334 512217 Woolite Mercantile Co. Ltd., Sridhar Bhupatiraju 29/10/2008 S 608530 30.55 --

B - Buy

S - Sale

>Dowjones Analysis

Dowjones Trading at a critial point,A kindoff triangle
After overpowering first trendline resistance presently
Trading near short term trendline resistance.To show more
strength Dowjones would have to overpower this trendline.
The pre election rally would show more momentum if 9550 is
taken out on closing basis.
Two closes above 9550 Dowjones can target 9800.

Though ,I expect retrace from this trendline if the upmove has to
show more strength.
Downside if 9300 is broken 9000 retest is not ruled out.

Regards
Rish.

>INSIDE TRADING 04-11-2008

532975 AISHWARYA TELECOM LIMITED G Rama Manohar Reddy 04/11/2008 B 6000 3546214 33.26 500425 Ambuja Cements Ltd. P B Kulkarni 28/10/2008 - 30/10/2008 S 20000 864296 0.05 532828 AMD Industries Ltd Ashok Gupta. 31/10/2008 B 3182 2844681 14.84 531881 Arvind Chemicals ltd. Gaurav Vinimay Pvt Ltd & Others. 24/10/2008 B 4999 0.03 2104530 10.63 530355 Asian Oilfield Services Ltd. Avinash Chandra Manchanda 27/10/2008 - 31/10/2008 B 78888 240000 2.13 532977 Bajaj Auto Limited Rahul Kumar Bajaj 27/10/2008 S 450000 1784392 1.23 532977 Bajaj Auto Limited Shekhar Bajaj 27/10/2008 S 150000 644440 0.45 532977 Bajaj Auto Limited Madhur Bajaj 27/10/2008 S 150000 713616 0.49 532977 Bajaj Auto Limited Niraj Bajaj 27/10/2008 S 150000 1114238 0.77 503960 Bharat Bijlee Ltd., Shome N Danani 24/10/2008 B 701 2868 0.05 519600 CCL Products (India) Ltd. Challa Srishant. 27/10/2008 B 5840 0.04 622501 4.68 519600 CCL Products (India) Ltd. Challa Rajendra Prasad. 28/10/2008 B 958 0.01 1424516 10.71 519600 CCL Products (India) Ltd. Challa Rajendra Prasad. 29/10/2008 B 12000 0.09 1436516 10.80 519600 CCL Products (India) Ltd. Challa Srishant. 29/10/2008 B 5500 0.04 628001 4.72 530427 Chokshi Imaging Ltd. Suresh V Choksi 01/10/2008 B 3850 235874 6.04 530427 Chokshi Imaging Ltd. Mr. Gaurav S Choksi 07/10/2008 B 200 150391 3.86 530427 Chokshi Imaging Ltd. Gaurav S Choksi 08/10/2008 B 800 151191 3.88 530427 Chokshi Imaging Ltd. Ms. Ratna Mody 29/10/2008 B 1800 12848 0.33 530427 Chokshi Imaging Ltd. Ms. Ratna Mody 31/10/2008 B 3455 16303 0.42 505052 Clutch Auto Ltd., Mr. Anuj Dayal 23/10/2008 S 1570000 9.62 -- 505052 Clutch Auto Ltd., V K Mehta 23/10/2008 B 1570000 9.62 4346269 26.64 500125 E.I.D. Parry (India) Ltd., Reliance Growth Fund 27/10/2008 B 2394689 2.68 4502518 5.04 532684 Everest Kanto Cylinders Ltd. Mrs. Suman Khurana. 28/10/2008 - 31/10/2008 B 13141 0.01 13920141 13.76 532521 Four Soft Limited Mr. Palem Srikath Reddy 27/10/2008 - 29/10/2008 B 41894 8300173 21.30 501848 Garware Offshore Services Limited Aditya A Garware 16/10/2008 - 27/10/2008 B 6279 669196 2.81 501848 Garware Offshore Services Limited Mr. Ashok B Garware 27/10/2008 B 10000 113188 0.48 532715 Gitanjali Gems Ltd. Mehul C Choksi. 29/10/2008 B 50000 0.07 34799000 40.91 532715 Gitanjali Gems Ltd. Mehul C Choksi. 31/10/2008 B 240000 0.29 35039000 41.19 532296 Glenmark Pharmaceuticals ltd Gracias Saldanha 29/10/2008 B 3000 653744 0.26 532296 Glenmark Pharmaceuticals ltd Mrs. Cherylann Maria Pinto 28/10/2008 B 2500 669300 0.27 532015 Gravity (India) Ltd. Smt. Dakshaben R Thakkar 27/10/2008 B 2931 0.03 30498 0.34 532015 Gravity (India) Ltd. Smt. Dakshaben R Thakkar 28/10/2008 B 3000 0.03 33498 0.37 508918 Greycells Entertainment Limited Malka Sanjiv Chainani 31/10/2008 S 48900 1.35 -- 500010 Housing Development Finance Corp.Lt D N Ghosh 31/10/2008 S 500 30967 0.01 532777 Info Edge (India) Ltd. Passport India Investments(Mauritius)Ltd 29/10/2008 S 400216 1.47 968897 3.55 524164 IOL Chemicals & Pharmaceuticals Ltd Mayadevi Polycot Ltd. -- B 1330500 7.52 8357323 47.23 524164 IOL Chemicals & Pharmaceuticals Ltd indiaStar (Mauritius) Ltd. -- B 1100000 2430000 13.73 500875 ITC Ltd Mr. Anup Singh 27/10/2008 - 28/10/2008 S 30000 138600 530773 IVRCL Infrastructures & Projects Ltd. R. Vani 08/10/2008 B 1500 -- 530773 IVRCL Infrastructures & Projects Ltd. R. Vani 27/10/2008 B 3000 11570 530773 IVRCL Infrastructures & Projects Ltd. R Balaram Reddy 06/10/2008 - 24/10/2008 B 25000 45150 0.03 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani. 27/10/2008 B 200 0.06 254627 7.27 530813 KRBL Ltd. Mr. Anil Kumar Mittal -- B 100000 1676101 6.89 530813 KRBL Ltd. Mr. Arun Kumar Gupta -- B 100000 1743100 7.17 530813 KRBL Ltd. Mr.Anoop Kumar Gupta -- B 100000 1716000 7.06 519570 Lakshmi Overseas Industries Ltd. Goldman Sachs Invest(Mauritius) I Ltd 01/12/2007 - 23/10/2008 B 3849 0.01 -- 519570 Lakshmi Overseas Industries Ltd. Goldman Sachs Invest.(Mauritius) I Ltd 01/12/2007 - 23/10/2008 S 1520921 2.41 1855403 2.94 500510 Larsen & Toubro Limited Mr. K. Venkataramanan 24/10/2008 B 2000 685524 0.11 500510 Larsen & Toubro Limited Mr. Y.M.Deosthalee 24/10/2008 B 10000 1162672 0.19 500510 Larsen & Toubro Limited Mr. A M . Naik 24/10/2008 B 35000 2121150 0.36 532819 MindTree Limited Rostow Ravanan 23/10/2008 S 1000 552120 1.45 501343 Motor & General Finance (M.G.F.) Lt Ram Prakash & Co Pvt Ltd. -- B 22343 0.11 300689 1.55 531096 Mount Everest Mineral Water Ltd. Tata Tea Limited 31/10/2008 B 20600 0.06 11796591 34.70 532789 Nissan Copper Limited Mr. Sanjay Mardia 28/10/2008 - 31/10/2008 B 13238 1263238 8.67 532391 Opto Circuits (India) Ltd. Mrs. Usha Ramnani. 28/10/2008 B 11000 0.01 3384668 3.59 532254 Polaris Software Lab Ltd Mr. Arun Jain 28/10/2008 B 5000 0 0.00 531746 Prajay Engineers Syndicate Ltd. Santosh Kumar Rathi 23/10/2008 B 8000 33000 0.08 526247 Premier Explosives Ltd. A N Gupta 23/10/2008 B 649 0.01 1180774 14.53 526247 Premier Explosives Ltd. A N Gupta 24/10/2008 B 2000 0.02 1182774 14.55 530695 Prime Property Development Corporation Ltd. Minal Finances Pvt. Limited -- B 25473 1068498 5.34 530695 Prime Property Development Corporation Ltd. Minal Finances Pvt Limited -- B 8589 1043025 5.22 532689 PVR Ltd. India Advantage Fund - VI 29/10/2008 B 640240 2.78 2021742 8.78 523523 Rainbow Papers Ltd., Nikita Ajay Goenka 28/10/2008 B 14000 45108 523523 Rainbow Papers Ltd., Nikita Ajay Goenka 27/10/2008 B 500 31108 500368 Ruchi Soya Industries ltd. Goldman Sachs Invest(Mauritius) I Ltd 13/10/2007 - 23/10/2008 N 7376276 3.91 4006204 2.12 500368 Ruchi Soya Industries ltd. Goldman Sachs Invest(Mauritius) I Ltd 13/10/2007 - 23/10/2008 B 1382540 0.73 -- 500368 Ruchi Soya Industries ltd. Goldman Sachs Invest(Mauritius) I Ltd 13/10/2007 - 23/10/2008 S 6596981 1.15 -- 507315 Sakthi Sugars Ltd. M Manickam 28/10/2008 - 31/10/2008 B 52000 1661001 5.29 500376 Satyam Computer Services Ltd K. Sriram 28/10/2008 S 3500 14526 505075 Setco Automotive Limited Setco Engineering Pvt Limited 31/10/2008 B 79 4354598 49.36 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M Doshi 31/10/2008 B 700 0.01 1029934 20.59 532961 Sita Shree Food Products Ltd Sitshree Marketing Pvt Ltd. 27/10/2008 B 5000 1588707 7.20 532755 Tech Mahindra Limited Vineet Nayyar 24/10/2008 B 26600 1242208 1.02

B - Buy

S - Sale