>Hindalco Technical analysis

Hindalco as we see from the chart was in a range for some time before
breaking up the range.
The breakup which came was with fair volume(more than the range volume)
and after the breakup its come back to retest the range support .

So here we have a good trade setup with good risk reward.
50 remains the stop loss for this trade and 65 would be conservative
target in coming days.

Remember Stoploss is must.

To read what brokerage houses say about hindalco read here

HINDALCO(Merrill Lynch)

Regards
Rish
RESEARCH REPORTS

>INSIDE TRADING 17-12-2008

520155 ABG Infralogistics Ltd Mrs.Archana Saket Agarwal 10/12/2008 B 6039 0.04 51357 0.40 520155 ABG Infralogistics Ltd Mrs. Archana Saket Agarwal 24/11/2008 - 25/11/2008 B 3050 0.02 15528 0.12 520155 ABG Infralogistics Ltd Mrs.Archana Saket Agarwal 26/11/2008 B 6950 0.05 22478 0.17 520155 ABG Infralogistics Ltd Mrs. Archana Saket Agarwal 28/11/2008 - 01/12/2008 B 5039 0.03 27517 0.21 520155 ABG Infralogistics Ltd Mrs. Archana Saket Agarwal 02/12/2008 B 4569 0.03 32086 0.25 520155 ABG Infralogistics Ltd Mrs.Archana Saket Agarwal 03/12/2008 - 04/12/2008 B 5049 0.03 37135 0.29 520155 ABG Infralogistics Ltd Mrs.Archana Saket Agarwal 05/12/2008 - 08/12/2008 B 8183 0.06 45318 0.35 532828 AMD Industries Ltd Harswarup Gupta 13/12/2008 B 20537 1904048 9.93 523377 Apar Industries Ltd Dr. N D Desai 08/12/2008 B 9264 6438250 19.91 523377 Apar Industries Ltd Shri Kushal N Desai 08/12/2008 B 7052 6388281 19.75 523377 Apar Industries Ltd Shri C N Desai 08/12/2008 B 5000 6302432 19.49 532380 Baba Arts Ltd Ajay Acharya Jt. Malvika Acharya 08/12/2008 - 11/12/2008 B 62859 416600 3.23 531937 Beckons Industries Ltd. Mr. Jasjot Singh 05/12/2008 B 1500 260694 0.97 500493 Bharat Forge Ltd Life Insurance Corporation Of India Ltd 21/08/2007 - 05/12/2008 B 4533293 2.03 20503438 9.20 531590 Bilpower Ltd. Suresh Kumar Choudhary. 11/12/2008 B 1967 0.01 268251 2.55 531590 Bilpower Ltd. Suresh Kumar Choudhary. 12/12/2008 B 628 0.00 268879 2.56 505681 Bimetal Bearings Ltd Simpson & Company Ltd. -- B 19 561264 14.67 505681 Bimetal Bearings Ltd Simpson & Company Ltd. -- B 34 0.00 561298 14.67 500067 Blue Star Ltd Ashok M Advani 04/12/2008 - 08/12/2008 B 14760 6933162 500067 Blue Star Ltd Ashok M Advani 10/12/2008 - 11/12/2008 B 5387 6938549 532902 Consolidated Construction Consortium Ltd R Sarabeswar 11/12/2008 B 350 1669246 4.52 511072 Dewan Housing Finance Corpn. Ltd., M/s Wadhawan Holdings Pvt Ltd 10/12/2008 B 50000 0.08 3936608 6.50 511072 Dewan Housing Finance Corpn. Ltd., M/s Wadhawan Holdings Pvt Ltd 11/12/2008 B 4954 0.01 3941562 6.51 514358 Everlon Synthetics Ltd. Varsha J Vakharia 01/12/2008 - 12/12/2008 B 3190 273320 5.41 532715 Gitanjali Gems Ltd. Mehul C Choksi 12/12/2008 B 10000 0.01 36326500 42.70 500300 Grasim Industries Ltd., Aberdeen Asset Mgt. Asia Ltd 03/12/2008 B 110388 0.12 8383713 9.14 530117 H.K. Finechem Ltd. Mr. Dharmesh Rajan Harivallabhdas 10/12/2008 B 2950000 31.05 2951250 31.07 530117 H.K. Finechem Ltd. Limat Development Ltd. 10/12/2008 S 2950000 31.05 -- 532808 House of Pearl Fashions Limited Deepak Seth 10/12/2008 - 11/12/2008 B 8345 0.04 1228710 6.30 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani. 10/12/2008 B 300 0.00 258167 7.36 511131 Kamanwala Housing Construction Ltd Sudha Gupta 08/12/2008 - 11/12/2008 S 24579 306341 2.17 532741 Kamdhenu Ispat Limited Kamdhenu Overseas Ltd 04/12/2008 B 4328 0.02 2182928 11.48 532741 Kamdhenu Ispat Limited Kamdhenu Overseas Ltd 10/12/2008 B 13446 0.07 2196374 11.55 532732 Kewal Kiran Clothing Ltd. Mr.Vikas P Jain 11/12/2008 B 12036 639286 5.18 500256 Lok Housing & Construction Ltd., Azofen Pvt Ltd -- S 48000 0.11 200 500256 Lok Housing & Construction Ltd., Shagun Securities Pvt Ltd -- S 800000 1.87 1600 500256 Lok Housing & Construction Ltd., Kent Trading Agencies Pvt Ltd -- S 125000 0.29 3979 0.01 523792 Mazda Ltd. Mr.Sorab R Mody 28/11/2008 - 11/12/2008 B 22100 802407 18.84 532921 Mundra Port and Special Economic Zone Limited Sandeep Mehta 11/12/2008 B 44196 45061 0.01 532921 Mundra Port and Special Economic Zone Limited Gautambhai Shantilal Adani 10/12/2008 S 80000 920000 0.23 532921 Mundra Port and Special Economic Zone Limited Gautambhai Shantilal Adani 11/12/2008 S 279189 640811 0.16 532952 Nahar Capital & Financial Services Ltd. Reliance Long Term Equity Fund 05/12/2008 S 27700 0.16 519696 3.10 532952 Nahar Capital & Financial Services Ltd. Reliance Regular Saving Fund 05/12/2008 S 45169 0.26 -- 500315 Oriental Bank Of Commerce Life Insurance Corporation of India 12/01/2007 - 01/12/2008 B 5675517 2.26 40832158 16.29 521080 Pasari Spinning Mills Ltd. Pasari Exports Ltd -- B 30000 5596250 55.26 531273 Radhe Developers (India) ltd. Ashish P Patel 04/12/2008 - 05/12/2008 B 5965 1920021 18.86 531273 Radhe Developers (India) ltd. Ashish P Patel 08/12/2008 - 10/12/2008 B 5586 1925607 18.91 526407 Ritesh Properties & Industries Ltd Consolidated Securities Ltd 08/12/2008 S 499003 4.31 1201000 10.36 526407 Ritesh Properties & Industries Ltd Sanjeev Arora 08/12/2008 S 163257 1816107 15.66 532731 ROHIT FERRO-TECH LTD. Foster Capital Ventures Ltd 08/12/2008 S 193731 0.49 1545073 3.91 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M Doshi 12/12/2008 B 10 1033460 20.66 532874 Suryachakra Power Corporation Ltd. Mrs. M Mangatayaru 10/12/2008 B 3500 1189718 1.55 511333 VLS Finance Limited VLS Capital Ltd. 11/12/2008 B 6828 0.01 11841166 29.75 511333 VLS Finance Limited VLS Capital Ltd. 11/12/2008 B 5003 0.01 11834338 29.73 511333 VLS Finance Limited VLS Capital Ltd. 12/12/2008 B 1000 0.00 11842166 29.75 511333 VLS Finance Limited VLS Capital Ltd. 12/12/2008 B 1000 11843166 29.76 531845 Zenith Birla (India) Limited Shearson Investment & Trading Co. Ltd 10/12/2008 B 463950 2972089 7.42

B - Buy

S - Sale

RESEARCH REPORTS

>INSIDE TRADING 16-12-2008

532628 3i Infotech limited Mr. Anirudh Prabhakaran 15/12/2008 B 1000 1000 519183 ADF Foods Limited. Mr. Bhavesh Ramesh Thakkar 08/12/2008 B 500 1614238 9.13 500425 Ambuja Cements Ltd. P B Kulkarni 06/12/2008 S 5000 832184 0.05 523377 Apar Industries Ltd Dr. D N Desai 10/12/2008 B 5736 6443986 19.92 523377 Apar Industries Ltd Shri Kushal N Desai 10/12/2008 B 7948 6396229 19.78 523377 Apar Industries Ltd Shri C N Desai 10/12/2008 B 10000 6312432 19.52 530355 Asian Oilfield Services Ltd. Avinash Chandra Manchanda 08/12/2008 B 925 269606 2.39 530355 Asian Oilfield Services Ltd. Enso Oil Pvt Ltd 10/12/2008 S 130000 1.15 740000 6.56 500038 Balrampur Chini Mills Ltd. Kamal Nayan Saraogi 10/12/2008 - 11/12/2008 B 1000000 0.40 34840520 13.63 512296 Bhagyanagar India Limited Surana Telecom and Power Ltd 02/12/2008 - 06/12/2008 B 132391 338520 0.45 532454 Bharti Airtel Ltd. Mrs.Archana Gupta(w/o Akhil Gupta) 08/12/2008 - 10/12/2008 S 15000 1124192 0.06 532454 Bharti Airtel Ltd. Ms.Vijaya Sampath 11/12/2008 S 4000 30000 532929 Brigade Enterprises Limited M R Jaishankar 10/12/2008 B 2849 22862108 20.37 530871 Chembond Chemicals Ltd. Visan Holdings & Financial Ser Pvt Ltd. 11/12/2008 B 700 107036 502820 DCM Ltd., Aggresar Leasing & Finance Pvt Ltd 08/12/2008 B 248775 1.43 3727536 21.44 506401 Deepak Nitrite Limited C K Mehta 01/12/2008 - 04/12/2008 B 5694 272383 3.04 522163 Diamond Cables Ltd. Diamond Projects Ltd 28/11/2008 B 299885 -- 522163 Diamond Cables Ltd. Diamond Projects Limited 04/12/2008 B 115000 1911125 9.43 504000 Elpro International Ltd., Faridabad Investent Company Ltd 03/12/2008 - 04/12/2008 B 30000 1650642 41.77 526227 Filatex India Ltd. Purrshottam Bhaggeria 04/12/2008 - 05/12/2008 B 31405 1433899 8.37 532622 GATEWAY DISTRIPARKS LTD. Aranda Investments (Mauritius) Pte Ltd 11/12/2008 B 25000 0.02 7199725 6.53 532312 Geometric Ltd Godrej Investments Pvt Ltd 01/12/2008 - 05/12/2008 B 22496 0.04 5578139 8.98 532715 Gitanjali Gems Ltd. Mehul C Choksi 10/12/2008 B 25000 0.03 36269000 42.64 532715 Gitanjali Gems Ltd. Mehul C. Choksi. 11/12/2008 B 47500 0.05 36316500 42.69 501455 Greaves Cotton Ltd. M/s Karun Carpets Pvt Ltd 03/12/2008 - 08/12/2008 B 3853 -- 532836 Gremach Infrastructure Equipments & Projects Limited Swiss Finance Corporation(Mauritius) Ltd 04/12/2008 S 10000 0.07 548247 3.60 517271 HBL Power Systems Ltd. A J Prasad 01/12/2008 B 55001 0.23 1918341 7.90 500875 ITC Ltd Mr. B B Chatterjee 04/12/2008 S 3000 41000 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 11/12/2008 B 77683 0.17 1595994 3.39 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 10/12/2008 B 53225 0.11 1518311 3.22 513250 Jyoti Structures Ltd., Birla Sun Life Mutual Fund. 11/12/2008 B 13582 0.01 4088280 5.00 532732 Kewal Kiran Clothing Ltd. Mr. Kewalchand P Jain 10/12/2008 B 7400 623650 5.06 532732 Kewal Kiran Clothing Ltd. Mr.Hemant P Jain 10/12/2008 B 12200 623450 5.06 500241 Kirloskar Brothers Ltd., Better Value Holdings Pvt Ltd. 10/12/2008 B 40482 0.03 52962978 50.07 500241 Kirloskar Brothers Ltd., Better Value Holdings Pvt Ltd. 08/12/2008 B 3243 0.00 52922496 50.03 512559 Kohinoor Foods Ltd Temptation Foods Ltd. 10/12/2008 B 300000 1.13 2750648 500247 Kotak Mahindra Bank Ltd. Mr. Puneet Periwal 11/12/2008 S 5000 285 500247 Kotak Mahindra Bank Ltd. Mr. C Jayaram 11/12/2008 S 30000 285250 500257 Lupin Ltd Varun Khanna 02/12/2008 S 138 49500 0.06 500257 Lupin Ltd Varun Khanna 03/12/2008 S 250 49250 0.05 532720 Mahindra & Mahindra Financial Services Limited Mr. Bharat N Doshi 11/12/2008 S 12919 73287 0.07 500520 Mahindra & Mahindra Ltd. Life Insurance Corporation of India 25/04/2008 - 01/12/2008 B 22867 45546295 17.61 532892 Motilal Oswal Financial Services Limited New Vernon India Ltd 05/12/2008 B 17126 12009937 8.46 500304 NIIT Ltd., Mrs. Neeti Pawar (w/o Rajendra S Pawar) 10/12/2008 - 11/12/2008 B 350001 1703600 11.03 532541 NIIT Technologies Limited Rajendra Singh Pawar 05/12/2008 B 115001 761390 1.30 522205 Praj Industries Ltd. Ms. Parimal Chaudhari 08/12/2008 B 35964 6673077 3.64 522205 Praj Industries Ltd. Mr. Pramod Chaudhari 08/12/2008 B 96642 28905849 15.76 522205 Praj Industries Ltd. Ms. Parimal Chaudhari 05/12/2008 B 60201 6637113 3.62 526247 Premier Explosives Ltd. A N Gupta - HUF 05/12/2008 B 6094 0.08 360081 4.43 530695 Prime Property Development Corporation Ltd. Padamshi L Soni 08/12/2008 B 4701 8916183 44.58 530695 Prime Property Development Corporation Ltd. Padamshi L Soni 10/12/2008 B 1265 8917448 44.59 526801 PSL Limited Ashok Punj 24/11/2008 - 08/12/2008 B 10000 4907890 11.49 532915 Religare Enterprises Ltd Indopark Holdings Limited 05/12/2008 S 3763092 4.94 -- 530461 Saboo Sodium Chloro Ltd. Smriti Farms Pvt Ltd 01/12/2008 S 410000 3.76 215000 1.97 526885 Sarla Performance Fibers Ltd Hindustan Cotton Company 29/10/2008 - 08/11/2008 B 234424 3.37 2114729 30.43 500376 Satyam Computer Services Ltd Manish Mehta 05/12/2008 S 500 268420 0.03 500376 Satyam Computer Services Ltd Manish Mehta 10/12/2008 - 11/12/2008 S 4500 263420 511413 Sharyans Resourses Ltd. Caprilloy Polymers Pvt Ltd 10/12/2008 B 43350 0.29 630000 4.23 526981 Shri Bajrang Alloys ltd. Neeta Goel. 24/11/2008 B 45000 -- 532833 SPARSH BPO SERVICES LIMITED Mr. Kapil Puri 01/12/2008 B 1798 0.01 1125242 6.97 521200 Suryalakshmi Cotton Mills Ltd. L. N. Agarwal. 11/12/2008 B 25000 1164916 8.72 532299 Television Eighteen India Ltd. Passport India Investments (M) Ltd. 11/12/2008 B 1122502 0.94 6054010 5.05 532356 Triveni Engineering & Industries Ltd Mrs. Rati Sawhney 04/12/2008 - 08/12/2008 B 256521 20194909 7.83 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly 05/12/2008 - 08/12/2008 B 17473 6483742 21.72 511333 VLS Finance Limited VLS Capital Ltd. 10/12/2008 B 2899 0.00 11829335 29.72 511147 Wall Street Finance Ltd. Reliance Money Express Ltd. 10/12/2008 B 14444 0.12 3927829 33.79 531845 Zenith Birla (India) Limited Birla Bombay Pvt Ltd 10/12/2008 S 463950 900000

B - Buy

S - Sale

RESEARCH REPORTS

>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