>Technical Analysis Nifty

Its been quite some time since i posted analysis on Nifty .
In the last analysis Nifty Analysis I discussed about this full
structure from 2250 oct low could turn out to be either a
bearish Flat or a triangle.

The things are slowly getting cleared.

The rise after the lower target of 2500 till now is turning out to be a 3 wave.
Which can target 3130-3150 before any big fall.

So,Here are the options.

First if its a triangle 2 important things to watch out.

Nifty touches 3130-3150 and falls below 2800(Which confirms that this is a triangle)

Second If its a bearish flat it can target higher levels than (3130-3150)

The required condition to be fulfilled for this to happen would be

Once nifty touches (3130-3150) any corrective fall after that should not breach
2800.

Of course once bearish flat upper targets are done then 2800 will not hold any significance.
So keep the levels handy and trade accordingly.

Regards
Rish


RESEARCH REPORTS

>INSIDE TRADING 15-12-2008

520155 ABG Infralogistics Ltd Mrs. Archana Saket Agarwal. 19/11/2008 - 21/11/2008 B 3758 0.02 12478 0.09 532141 Andhra Cement Ltd., Mr. Shrivardhan Goenka 03/12/2008 B 30000 0.02 30000 0.02 524804 Aurobindo Pharma Ltd. Trident Chemphar Ltd. 11/12/2008 B 66500 0.12 636000 1.18 513375 Carborundum Universal Ltd., A.Vellayan. 11/12/2008 B 12500 328630 0.35 513375 Carborundum Universal Ltd., V.Arunachalam. 11/12/2008 B 7500 116870 0.13 513375 Carborundum Universal Ltd., V.Narayanan. 11/12/2008 B 7500 127950 0.14 530871 Chembond Chemicals Ltd. Visan Holdings & Financial Ser Pvt Ltd. 10/12/2008 B 250 106336 532339 Compucom Software Lt. Compucom Technologies Pvt Ltd. -- B 19000 0.07 2577536 10.26 532640 Cyber Media (India) Ltd. Pradeep Gupta 08/12/2008 B 14603 0.15 2539076 25.39 532640 Cyber Media (India) Ltd. Mrs.Anuradha Gupta (W/O Pradeep Gupta) 10/12/2008 B 15570 0.16 330714 3.30 523890 D.S.Kulkarni Developers Ltd Citigroup Global Markets (M) Pvt Ltd. 05/12/2008 S 100000 0.39 1290651 5.00 511072 Dewan Housing Finance Corpn. Ltd., M/s Wadhawan Holdings Pvt Ltd 05/12/2008 B 15510 0.03 3859553 6.38 511072 Dewan Housing Finance Corpn. Ltd., M/s Wadhawan Holdings Pvt Ltd 08/12/2008 B 27055 0.04 3886608 6.42 522163 Diamond Cables Ltd. Diamond Tele Cabs Pvt Ltd. 02/12/2008 B 700000 3.32 2087900 10.70 532751 EASUN REYROLLE LTD. Principal Mutual Fund Schemes 04/12/2008 S 190000 0.91 653982 3.15 532696 Educomp Solutions Ltd Merrill Lynch Capital Mkt Espana SA SV 05/12/2008 S 170000 0.98 500349 2.09 530323 ERA Infra Engineering Ltd M/s Marigold Promoters Private Limited 04/12/2008 B 7500000 5.24 7500000 5.24 532823 Euro Ceremics Ltd Mr. Pratik K Shah 10/12/2008 B 150000 161160 0.94 532768 FIEM INDUSTRIES LIMITED Seema Jain. 10/12/2008 B 11739 1457852 12.19 532345 Gati Limited Mahendra Kumar Agarwal 10/12/2008 - 11/12/2008 B 19154 1637418 1.93 504028 GEE Ltd. Mr. Shankarlal Agarwal. 11/12/2008 B 10000 1134453 7.64 504028 GEE Ltd. Mr. Ramkishan Agarwal. 11/12/2008 B 28986 562986 3.79 532754 GMR Infrastructure Limited GMR Holdings Private Ltd 08/12/2008 - 10/12/2008 B 1855000 0.10 1341288610 73.67 522073 Hi-Tech Gears Ltd., Mr. Pranav Kapuria 05/12/2008 - 08/12/2008 B 425 388938 4.14 522073 Hi-Tech Gears Ltd., Mr. Anuj Kapuria 05/12/2008 - 08/12/2008 B 801 405498 4.32 532808 House of Pearl Fashions Limited Deepak Seth 08/12/2008 B 22519 0.11 1220365 6.25 532873 Housing Development & Infrastructure Ltd Ashok Kumar Gupta 28/11/2008 B 700200 0.25 755800 0.27 517380 Igarashi Motors India Ltd. Tree Line Asia MasterFD(Sing)Pte Ltd 10/12/2008 S 84000 0.60 594935 4.29 512185 IOL Netcom Ltd Primier Millennium Mkg & Trading Pvt Ltd 02/12/2008 S 13259 0.05 26741 0.10 512185 IOL Netcom Ltd Primier Millennium Mkg & Trading Pvt Ltd 03/12/2008 S 26741 0.10 -- 532379 IQMS Software Ltd. Dr. Vivek Hebbar 03/12/2008 - 05/12/2008 B 50000 0.03 400000 0.21 506943 J.B. Chemicals & Pharmaceuticals Lt Bharat P Mehta 12/12/2008 B 15000 251525 0.30 530405 Jindal Capital Ltd. Sarita Agarwal. 08/12/2008 B 6714 138154 4.31 511131 Kamanwala Housing Construction Ltd Mr. Sorabh Gupta 25/11/2008 - 08/12/2008 B 93000 330635 2.35 511131 Kamanwala Housing Construction Ltd Sudha Gupta 25/11/2008 - 08/12/2008 B 93000 330920 2.35 511131 Kamanwala Housing Construction Ltd Mr. Sorabh Gupta 05/12/2008 S 6639 -- 532720 Mahindra & Mahindra Financial Services Limited Mr. Bharat N Doshi 10/12/2008 S 9081 86206 0.08 516007 Mangalam Timber Products Ltd., Smt. Vidula Jalan. 10/12/2008 B 5601 65118 0.35 501343 Motor & General Finance (M.G.F.) Lt MGF Services Ltd. -- B 894 0.00 349014 1.80 500307 Nirlon Limited, Citigroup Global Mkt(Mauritius) Pvt Ltd 04/12/2008 S 1500000 2.58 1791457 3.08 532391 Opto Circuits (India) Ltd. Mrs. Usha Ramnani 05/12/2008 B 15000 5896135 3.68 531120 Patel Engineering Ltd Patel Realtors Pvt Ltd 09/12/2008 B 5791 0.01 14169725 23.75 531120 Patel Engineering Ltd Patel Engg. Employee Welfare Trust 04/12/2008 B 2195 3350000 5.61 531120 Patel Engineering Ltd Patel Realtors Pvt Ltd 08/12/2008 B 9209 0.02 14163934 23.74 530305 Piccadily Agro Industries ltd. Sh. Siddhartha Vashishta 01/12/2008 - 05/12/2008 B 36262 0.16 1862468 7.90 507498 Piccadily Sugar & Allied Ltd. Sh. Siddhartha Vashishta 01/12/2008 - 05/12/2008 B 19716 0.07 4624684 15.67 506605 Polychem Ltd Virsun Investments Pvt Ltd 08/12/2008 B 269 0.07 85285 21.11 500370 Salora International Limited Shri. S. R. Jiwarajka. 29/11/2008 - 03/12/2008 B 3844 0.04 36844 0.41 532793 Shree Ashtavinayak Cine Vision Ltd Dahlia Traders Pvt Ltd 10/12/2008 S 2000 0.02 3405827 32.50 532833 SPARSH BPO SERVICES LIMITED Mr. Kapil Puri 05/12/2008 B 20 1125727 6.97 523756 SREI Infrastructure Finance limited Rajdeep Khullar 05/12/2008 S 10000 0.01 13700 0.01 513216 Uttam Galva Steels Ltd. Somerset Emerging Opportunities Fund 07/11/2008 B 1100000 0.97 6366561 5.59 532824 Vijayeswari Textiles Ltd. M/s Seshraj Enterprises Pvt Ltd 10/12/2008 B 20000 0.11 7037162 38.73 524200 Vinati Organics Ltd., Suchir Chemicals Pvt Ltd 03/12/2008 B 1288 936405 9.48 532298 Zenith Infotech Ltd. Raj Kumar Saraf (HUF). -- B 102870 0.87 1139870 9.67

B - Buy

S - Sale

RESEARCH REPORTS

>USA Government bailout hits $8.5 trillion

RESEARCH REPORTS

>Buy back offered companies

The following companies have approved Buy Back offers untill now

Co_Name	Offer Open	Offer Close	Buy Back Price	Buy Back Amount	CMP Rs
Abbott India	08/18/2008	09/02/2008	630	50.24	368.1
Alembic	12/08/2008	11/13/2009	55	33.00	29.75
Amrutanjan Healt	12/03/2008	11/18/2009	450	6.36	358.15
ANG Auto	07/28/2008	01/02/2009	215	161.25	33.05
DLF	10/17/2008	07/09/2009	600	1100.00	191.9
EID Parry	12/15/2008	10/28/2009	160	46.84	132.8
FDC	11/24/2008	08/11/2009	40	35.86	27.2
Gateway Distpark	08/11/2008	01/24/2009	110	64.00	69.65
Godrej Consumer	12/04/2008	11/24/2009	150	14.90	121
Goldiam Intl.	05/07/2008	12/31/2008	85	9.37	15.03
Great Offshore	05/07/2008	03/30/2009	750	55.24	235.5
Guj Flourochem	08/21/2008	03/20/2009	300	61.43	57.05
HEG	10/13/2008	08/18/2009	350	48.50	111.9
Ipca Labs.	12/03/2008	11/10/2009	600	60.00	332.55
Jindal Poly Film	12/10/2008	08/28/2009	350	150.00	133.5
Maestros Medi.	11/18/2008	10/26/2009	75	3.26	40.05
Mastek	05/20/2008	11/26/2008	750	65.00	154.2
Monnet Ispat	12/08/2008	10/22/2009	300	7.50	127.05
Patni Computer	07/10/2008	02/06/2009	325	237.00	131.75
R Systems Inter.	10/29/2008	09/06/2009	150	8.00	48
Rain Commodities	09/25/2008	04/30/2009	307	26.00	86.6
Sasken Comm.Tech	09/15/2008	11/03/2008	260	40.00	51.15
SRF	07/02/2008	04/24/2009	160	70.00	68.25
Supreme Inds.	12/08/2008	11/25/2009	125	24.57	103.85
Surana Telecom	09/30/2008	04/20/2009	50	6.00	19.35
Valiant Commun.	10/07/2008	09/07/2009	32	3.14	21.1

Note: Buy Back amount mentioned is in Rs crore

RESEARCH REPORTS