>INSIDER TRADING 30-12-2008

533029 Alkali Metals Limited Mavi Investment Fund Ltd -- S 174713 1.71 287952 2.82 500425 Ambuja Cements Ltd. B L Taparia 22/12/2008 - 23/12/2008 S 30000 630250 0.04 519383 Anik Industries Limited Neha Shahra 10/11/2008 - 28/11/2008 B 14530 0.05 14530 0.05 508136 B & A Ltd. Hemendra Prasad Barooah 22/12/2008 B 4350 835207 26.94 531937 Beckons Industries Ltd. Mr. Jasjot Singh 16/12/2008 - 19/12/2008 B 6889 272383 1.01 532330 Biopac India Corporation Ltd Pankaj B Doshi 23/12/2008 B 2000 3179514 19.87 532548 Century Plyboards (India) Ltd. Brij Bhushan Agarwal. 23/12/2008 S 60000 8307858 531977 Chartered Logistics Ltd Lalit Kumar Gandhi 24/12/2008 B 580000 0.00 791700 16.01 531977 Chartered Logistics Ltd Chartered Capital and Investment Ltd -- S 580000 11.35 -- 530871 Chembond Chemicals Ltd. Visan Holdings & Financial Ser Pvt Ltd. 23/12/2008 B 376 122767 512018 CNI Research Ltd K P Ostwal - HUF 24/12/2008 B 100000 0.33 170250 0.56 532339 Compucom Software Lt. Compucom Technologies Pvt Ltd. -- B 10000 0.03 2634536 10.48 500096 Dabur India Ltd. Mr. Rajan Varma 16/12/2008 - 23/12/2008 S 7250 233305 0.02 511072 Dewan Housing Finance Corpn. Ltd., Wadhawan Holdings Pvt Ltd 23/12/2008 - 24/12/2008 B 2959 3994685 6.60 511072 Dewan Housing Finance Corpn. Ltd., Wadhawan Holdins Pvt Ltd 19/12/2008 B 12507 0.02 3975096 6.57 511072 Dewan Housing Finance Corpn. Ltd., Wadhawan Holdings Pvt Ltd 22/12/2008 B 16630 0.03 3991726 6.60 532868 DLF LIMITED Praveen Kumar 19/12/2008 S 30000 20000 500246 Envair Electrodyne Ltd. Mr. Shripad Mirashi 26/12/2008 B 400 0.01 1559422 51.29 526227 Filatex India Ltd. Nouvelle Securities Ltd 22/12/2008 - 24/12/2008 B 30160 223569 1.30 500202 India Lease Devl. Ltd., MGF Services Ltd. 24/12/2008 B 3301 247564 2.42 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 24/12/2008 B 40476 0.09 1868820 3.97 530405 Jindal Capital Ltd. Sarita Agarwal. 26/12/2008 B 15220 153374 4.78 532741 Kamdhenu Ispat Limited Kamdhenu Overseas Ltd 24/12/2008 B 19819 0.11 2232979 11.75 532942 KNR Constructions Limited K Narasimha Reddy 23/12/2008 - 26/12/2008 B 22032 9516343 33.84 512559 Kohinoor Foods Ltd Temptation Foods Ltd. 19/12/2008 B 200000 0.75 3180648 11.98 500247 Kotak Mahindra Bank Ltd. Vyomesh D Kapasi 18/12/2008 S 1500 22550 500247 Kotak Mahindra Bank Ltd. Mr. KVS Manian 22/12/2008 - 23/12/2008 S 20000 167650 500247 Kotak Mahindra Bank Ltd. Ms. Oisharya Das 18/12/2008 S 10000 69960 523323 Kovai Medical Center & Hospital Ltd Dr. Thavamani Devi Palaniswami 15/12/2008 B 2100 0.02 1349385 12.33 516007 Mangalam Timber Products Ltd., Smt. Vidula Jalan. 23/12/2008 B 1297 97685 0.53 532469 Mather & Platt Pumps Ltd. Wilo Se. -- B 451300 4.89 8322685 90.17 532819 MindTree Limited Janakiraman S 22/12/2008 - 23/12/2008 S 5100 1056668 2.78 526642 Mirza International Limited Irshad Mirza 11/12/2008 - 19/12/2008 B 151126 0 501343 Motor & General Finance (M.G.F.) Lt MGF Services Ltd. -- B 22989 0.11 374367 1.93 500294 Nagarjuna Construction Co. Ltd., AVSR Holdings Pvt Ltd 01/12/2008 B 12000 18128846 7.92 531157 Organic Coatings Ltd. Rajnikant K Shah 19/12/2008 B 2200 0.03 752650 11.27 500315 Oriental Bank Of Commerce The Childrens Invest. Master Fund 19/12/2008 S 4923000 1.97 16430852 6.56 531120 Patel Engineering Ltd Praham India Pvt Ltd 18/12/2008 B 2000 13800000 23.13 531120 Patel Engineering Ltd Ms. Sonal Patel 24/12/2008 B 2000 151450 0.23 530695 Prime Property Development Corporation Ltd. Padamshi L Soni 22/12/2008 - 24/12/2008 B 14499 8942737 44.71 532106 Rei Agro Ltd. Aspective Vanijya Pvt Ltd 10/12/2008 - 18/12/2008 B 32284 2991365 10.34 532793 Shree Ashtavinayak Cine Vision Ltd Dahlia Traders Pvt Ltd 24/12/2008 B 19900 0.19 3428727 32.72 521034 Soma Textile & Industries Ltd Ajit Singh Chawla 03/12/2008 - 08/12/2008 S 55000 0.17 50810 0.15 521034 Soma Textile & Industries Ltd Ajit Singh Chawla -HUF 03/12/2008 - 08/12/2008 B 55000 0.17 1624381 4.92 532833 SPARSH BPO SERVICES LIMITED Mr. Kapil Puri 22/12/2008 - 23/12/2008 B 3200 1186376 7.35 532874 Suryachakra Power Corporation Ltd. Mrs. M. Mangatayaru 22/12/2008 - 24/12/2008 B 13600 1239151 1.62 531426 Tamil Nadu Newsprint And Papers Ltd Reliance Growth Fund 19/12/2008 B 15000 0.02 4967480 7.17 500148 Uflex Limited Anshika Consultants Pvt Ltd. 23/12/2008 B 686 27725920 500148 Uflex Limited Flex International Pvt. Ltd. 24/12/2008 B 83 27726003 526879 UT Ltd. Smt. Vandana Khaitan 19/12/2008 - 23/12/2008 B 6268 158105 2.59 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly 16/12/2008 B 4145 6519755 21.84 532824 Vijayeswari Textiles Ltd. Seshraj Enterprises Pvt Ltd 23/12/2008 B 32500 0.17 7092662 39.03 532824 Vijayeswari Textiles Ltd. Seshraj Enterprises Pvt Ltd 22/12/2008 B 23000 0.12 7060162 38.86 511333 VLS Finance Limited M.P. Mehrotra (HUF) 26/12/2008 B 3500 0.01 490825 1.23 511333 VLS Finance Limited M.P. Mehrotra (HUF) 24/12/2008 B 6600 0.02 487325 1.22

B - Buy

S - Sale

RESEARCH REPORTS

>INSIDE TRADING 29-12-2008

515055 Anant Raj Industries Ltd., Shri Ashok Sarin 22/12/2008 - 23/12/2008 B 6337 27859152 9.44 531881 Arvind Chemicals ltd. Newage Vinimay Pvt Ltd & Others 23/12/2008 B 50175 0.25 2248333 11.35 508136 B & A Ltd. Hemendra Prasad Barooah 24/12/2008 B 1730 837687 27.02 500039 Banco Products (India) Ltd., Mr. Mehul K. Patel 23/12/2008 B 7089 4217557 5.94 522261 Dolphin Offshore Enterprises (India) ltd. Mr. Navpreet Singh 24/12/2008 B 32 686712 7.18 522261 Dolphin Offshore Enterprises (India) ltd. Dolphin Offshore Projects Ltd 23/12/2008 - 24/12/2008 B 831 1713926 17.92 532751 EASUN REYROLLE LTD. Mr. Raj H. Eswaran 21/12/2008 B 234407 1.13 234407 1.13 532984 Enso Secutrack Ltd Corporate Strategies Pvt Ltd. 22/12/2008 - 23/12/2008 S 75000 0.67 705000 6.31 500144 Finolex Cables Ltd., Shri Atul C Choksey 22/12/2008 - 23/12/2008 S 15500 0.01 -- 500144 Finolex Cables Ltd., Shri Atul Choksey- HUF 22/12/2008 - 23/12/2008 S 2250 -- 500144 Finolex Cables Ltd., Smt. Parul Atul Choksey 22/12/2008 - 23/12/2008 S 6000 -- 532996 FIRST WINNER INDUSTRIES LTD Real Marketing Pvt Ltd. 19/12/2008 B 170000 0.95 1053869 5.94 532345 Gati Limited Mahendra Kumar Agarwal 24/12/2008 B 41000 1692465 1.99 532754 GMR Infrastructure Limited GMR Holdings Pvt Ltd 19/12/2008 - 23/12/2008 B 1660000 0.09 1348126210 74.04 522217 Gujarat Apollo Industries Ltd. ICICI Prudential Mutual Fund 15/12/2008 S 71157 0.68 510170 4.86 517271 HBL Power Systems Ltd. A. J. Prasad 17/12/2008 - 18/12/2008 B 4100 0.02 1922441 7.92 531524 I.C.S.A. (India) Ltd. G Bala Reddy 24/12/2008 B 50000 7315037 15.63 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 22/12/2008 B 48600 0.10 1781086 3.78 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 23/12/2008 B 47258 0.10 1828344 3.88 532617 Jet Airways (India) Ltd Baytree Investments(Mauritius) Pte Ltd 22/12/2008 S 125000 0.15 2532818 2.93 500380 JK Lakshmi Cement Limited Bengal & Assam Co. Ltd. -- B 9897398 16.18 14536558 23.76 532162 JK Paper Ltd. Bengal & Assam Co. Ltd. -- B 14242407 18.22 14344407 18.35 530007 JK Tyre & Industries Ltd. Bengal & Assam Company Ltd. -- B 8124146 19.80 8434250 20.55 502937 Kesoram Industries Ltd Smt. Manjushree Khaitan 19/12/2008 B 75 200614 0.43 516007 Mangalam Timber Products Ltd., Smt. Vidula Jalan. 22/12/2008 B 6129 96388 0.52 532819 MindTree Limited LSO Investments Pvt Ltd 18/12/2008 - 19/12/2008 S 69000 1815663 4.78 532819 MindTree Limited Rostow Ravanan 17/12/2008 - 19/12/2008 S 17249 517872 1.36 532819 MindTree Limited Subroto Bagchi 17/12/2008 S 2000 2158577 5.68 532819 MindTree Limited Janakiraman S 17/12/2008 - 19/12/2008 S 2031 1061768 2.79 532912 Net 4 India Ltd. Sterling Capital P ltd -- B 55058 0.33 2317600 13.84 532541 NIIT Technologies Limited Rajendra Singh Pawar 22/12/2008 - 23/12/2008 B 95056 856446 1.46 526753 Roselabs Ltd Singhal Overseas Ltd -- S 23050 1793670 15.78 532993 Sejal Architectural Glass Limited Sejal Finance Ltd. 24/12/2008 B 38000 194392 0.69 532993 Sejal Architectural Glass Limited Dhiraj Shivji Gada. 24/12/2008 B 10000 1324250 4.73 532993 Sejal Architectural Glass Limited Mitesh Kanji Gada. 23/12/2008 B 50000 1415750 5.06 532993 Sejal Architectural Glass Limited Shantilal Shivji Gada. 22/12/2008 B 52000 1423500 5.08 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M. Doshi 24/12/2008 B 1 1032948 20.65 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M. Doshi 22/12/2008 B 1 1032895 20.65 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M. Doshi 23/12/2008 B 52 1032947 20.65 502563 Shree Bhawani Paper Mills Ltd., Alankar Tandon 20/12/2008 S 10400 -- 532833 SPARSH BPO SERVICES LIMITED Mr. Kapil Puri 19/12/2008 B 3184 0.02 1183176 7.33 505196 TIL Ltd., Marbellous Trading (P) Ltd. 15/12/2008 B 209000 2.09 603535 6.02 505196 TIL Ltd., Marbellous Trading (P) Ltd. 16/12/2008 B 63000 0.62 666535 6.64 505196 TIL Ltd., Avijit Mazumdar 17/12/2008 B 55000 458301 4.57

B - Buy

S - Sale

RESEARCH REPORTS

>Reliance communication technical analysis

We had a good swing trade in Reliance communication a solid 50 points.
Check old post to see the set up Reliance communication technical analysis
All given targets were touched 250.

Now as we have seen a week's more movement in the RCOM chart ,It looks more or
less like a triangle can see clear 3 waves in each triangle wave...
Here we have two opportunities (would be) the safest would be to try to buy
it near 185-190 with a stoploss below 180 for a possible 10%upside target.

Another idea which is a risky one would be to try to long one it gives a breakout
above the yellow line,Why risky? Because breakouts in BEAR market usually get sold
nicely.

Regards
Rish

RESEARCH REPORTS

>INSIDE TRADING 26-12-2008

531590 Bilpower Ltd. Suresh Kumar Choudhary. 17/12/2008 B 1017 0.01 270722 2.57 531590 Bilpower Ltd. Suresh Kumar Choudhary. 18/12/2008 B 984 0.00 271706 2.58 532330 Biopac India Corporation Ltd Pankaj B Doshi 22/12/2008 B 2100 3177514 19.86 532330 Biopac India Corporation Ltd Pankaj B Doshi 19/12/2008 B 2830 3175414 19.85 532548 Century Plyboards (India) Ltd. Brij Bhushan Agarwal. 15/12/2008 - 16/12/2008 S 73500 8384159 532548 Century Plyboards (India) Ltd. Brij Bhushan Agarwal. 19/12/2008 S 16301 8367858 532339 Compucom Software Lt. Compucom Technologies Pvt Ltd. -- B 16000 0.06 2609536 10.38 532339 Compucom Software Lt. Compucom Software Technologies Pvt Ltd. -- B 15000 0.05 2624536 10.44 506401 Deepak Nitrite Limited C.K. Mehta. 11/12/2008 B 1093 273476 3.05 522261 Dolphin Offshore Enterprises (India) ltd. Mr. Navpreet Singh 22/12/2008 B 1100 686680 7.18 522261 Dolphin Offshore Enterprises (India) ltd. Dolphin Offshore Projects Ltd 19/12/2008 - 22/12/2008 B 1928 1713095 17.91 500246 Envair Electrodyne Ltd. Mr. Shripad Mirashi 15/12/2008 - 19/12/2008 B 200 1559022 51.28 532345 Gati Limited Mahendra Kumar Agarwal 18/12/2008 - 23/12/2008 B 13687 1651465 1.95 532767 Gayatri Projects Limited Mr. T V Sandeep Kumar Reddy 19/12/2008 B 62262 1314336 13.01 509567 Goa Carbon Ltd., Shrinivas V Dempo 18/12/2008 - 23/12/2008 B 38261 71620 0.78 532015 Gravity (India) Ltd. Smt. Dakshaben R Thakkar 22/12/2008 B 1710 0.02 47675 0.53 526797 Greenply Industries Ltd Payash Securities Pvt Ltd 15/12/2008 B 511346 3.01 861903 5.07 500180 HDFC Bank Ltd. Life Insurance Corporation of India 17/12/2008 B 158519 0.03 21306260 5.01 532741 Kamdhenu Ispat Limited Kamdhenu Overseas Ltd 16/12/2008 B 6125 2213160 11.64 532732 Kewal Kiran Clothing Ltd. ICICI Prudential Mutual Fund 17/12/2008 S 8850 0.07 662245 4.56 512559 Kohinoor Foods Ltd Temptation Foods Ltd. 16/12/2008 B 350000 1.32 2980648 11.23 523704 Mastek Limited Ashank Desai. 23/12/2008 B 2300 3185679 11.84 523704 Mastek Limited Sudhakar Ram. 23/12/2008 B 2556 2790587 10.37 523704 Mastek Limited Ketan Mehta. 23/12/2008 B 3000 2518400 9.36 507609 Olympic Oil Industries Ltd., Vijay Balwant Patil. 11/12/2008 S 10000 35000 14.29 507609 Olympic Oil Industries Ltd., Tushar Rangnath Patil. 19/12/2008 S 4860 0 0.00 532391 Opto Circuits (India) Ltd. Mr. Vinod Ramnani 03/12/2008 B 9789288 23773986 14.85 532391 Opto Circuits (India) Ltd. Mrs. Usha Ramnani 03/12/2008 B 2361567 5815135 3.63 532391 Opto Circuits (India) Ltd. Mr. Jayesh C Patel 03/12/2008 B 3435819 8344133 5.21 532391 Opto Circuits (India) Ltd. Mr. Thomas Dietiker 03/12/2008 B 4448567 10803663 6.74 532391 Opto Circuits (India) Ltd. Mr. Suleman Merchant 03/12/2008 B 101917 247513 0.15 532391 Opto Circuits (India) Ltd. Mr.V Bala Subramaniam 03/12/2008 B 8190 19890 0.01 532391 Opto Circuits (India) Ltd. Dr. Anvay Mulay 03/12/2008 B 595 1445 532391 Opto Circuits (India) Ltd. Mr. Rajkumar Raisinghani 03/12/2008 B 9000 21858 0.01 526753 Roselabs Ltd Singhal Overseas Ltd -- S 45376 1748294 15.38 526753 Roselabs Ltd Singhal Overseas Ltd -- S 329010 1419284 12.48 532793 Shree Ashtavinayak Cine Vision Ltd Dahlia Traders Pvt Ld 23/12/2008 B 5000 3408827 32.53 532945 Shriram EPC Limited R Sundarajan -- B 3000 -- 532945 Shriram EPC Limited R Sundarajan 25/06/2008 B 4800 7800 0.01 532945 Shriram EPC Limited R Sundarajan -- B 2000 -- 532667 SUZLON ENERGY LTD. Amarsinh A Parmar 22/12/2008 S 21000 3544000 0.24 532667 SUZLON ENERGY LTD. Ranjitsinh A Parmar 22/12/2008 S 26000 15914033 1.06 532667 SUZLON ENERGY LTD. Balrajsinh A Parmar 22/12/2008 S 26000 20840000 1.39 532667 SUZLON ENERGY LTD. Vasant A Parmar 22/12/2008 S 3500 1150000 0.08 532824 Vijayeswari Textiles Ltd. M/s Seshraj Enterprises Pvt Ltd 23/12/2008 B 32500 0.18 7092662 39.03 511333 VLS Finance Limited M.P. Mehrotra (HUF) 22/12/2008 B 20000 0.05 480725 1.20

B - Buy

S - Sale

RESEARCH REPORTS