>INSIDER TRADING 09-02-2009

507828 Ansal Housing & Construction Ltd., JPMSL A/c Copthall Mauritus Inv Ltd. 20/01/2009 S 13000 0.07 940752 5.35 522650 Bemco Hydraulics Ltd., Sri Ramachandra Enterprises Pvt Ltd. 28/01/2009 B 57597 3.98 199697 13.80 500480 Cummins India Ltd., Life Insurance Corporation Of India 29/01/2009 B 1100000 0.55 10736676 5.42 500096 Dabur India Ltd. Burmans Finvest Pvt Ltd. 30/01/2009 B 26506493 3.06 26506493 3.06 500096 Dabur India Ltd. M.B. Finmart Pvt Ltd. 30/01/2009 B 13253246 1.53 13253246 1.53 500096 Dabur India Ltd. Windy Investments Pvt Ltd. 30/01/2009 B 13253246 1.53 13253246 1.53 500096 Dabur India Ltd. Acee Enterprises 30/01/2009 S 106025970 12.26 -- 500096 Dabur India Ltd. Milky Investment & Trading Co. 30/01/2009 B 53012985 6.13 53020485 6.13 526227 Filatex India Ltd. Nouvelle Securities Pvt Ltd. 02/02/2009 B 22690 0.13 458275 2.67 526227 Filatex India Ltd. Nouvelle Securities Pvt Ltd. 03/02/2009 B 10400 0.06 468675 2.73 526227 Filatex India Ltd. Nouvelle Securities Pvt Ltd. 30/01/2009 B 19724 0.12 435585 2.54 532622 GATEWAY DISTRIPARKS LTD. Shabbir Hassanbhai. 02/02/2009 B 77314 377314 0.35 532296 Glenmark Pharmaceuticals ltd Glen Saldanha. 28/01/2009 B 32000 657877 0.26 532296 Glenmark Pharmaceuticals ltd Sloane Robinson LLP 30/01/2009 S 4239245 1.69 7102234 524226 Gujarat Ambuja Exports Ltd. Manish Kumar Gupta. 03/02/2009 B 10600 33898612 24.50 500010 Housing Development Finance Corp.Lt Nasser Munjee 03/02/2009 - 04/02/2009 S 1700 10580 509675 Hyderabad Industries Ltd., Sri Chandrakant Birla. 04/02/2009 B 10000 51376 0.69 500875 ITC Ltd Mrs. Mehrunissa Khan 28/01/2009 S 4000 14800 0.00 532705 Jagran Prakashan Limited Mr. Mahendra Mohan Gupta 04/02/2009 B 27990 18199345 6.04 532705 Jagran Prakashan Limited Mr. Mahendra Mohan Gupta 03/02/2009 B 8144 18171355 6.03 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 03/02/2009 B 6726 0.01 2228414 4.73 501343 Motor & General Finance (M.G.F.) Lt MGF Services Ltd. -- B 2100 0.01 482870 2.49 532793 Shree Ashtavinayak Cine Vision Ltd Dahlia Traders Pvt Ltd. 04/02/2009 S 7500 0.07 3461127 33.03 521034 Soma Textile & Industries Ltd Krishnaa Glass Pvt Ltd. 27/01/2009 S 698090 2.11 8437716 25.54 530845 Sunshield Chemicals Ltd. Shri. Amit C. Choksey. 03/02/2009 - 04/02/2009 B 2200 483513 6.57 502986 Vardhman Textiles Limted Adinath Investment & Trading Company 04/11/2008 - 02/02/2009 B 1156732 11976753 20.73

B - Buy

S - Sale

RESEARCH REPORTS

>Nifty outlook feb 2009

Nifty is stuck in a range for quite some time now three months approximately.
Which provided good opportunities to Traders who follow trend both upside and
downside.

The first impression what we get from nifty chart is that 3100 onwards nifty faced
stiff resistance and ended up falling steeply ,Lower side 2600 is holding for last 2
months,So a triangle like structure is seen on Nifty ,Now the million dollar question
is what next!!!!.

From last 20-25 days Nifty is moving in tight 200 point range.
2660-2870,Ended up producing many lackluster trading sessions,With new series
ie February series already started ,I expect break of this range.Which side?
Up or Down,With nifty giving very few hints about its movement,We will have find
another way.

Lets see the top ten Nifty stocks according to their composition.
RELIANCE 12.26%
ONGC 8.14%
BHARTIARTL 5.79%
NTPC 5.37%
RCOM 3.95%
INFOSYSTCH 3.46%
SBIN 3.44%
DLF 3.33%
BHEL 3.15%
TCS 3.12%

With Reliance being the super heavy weight its movement plays vital role
Reliance would witness stiff resistance near 1400.

ONGC gave a nice move on friday 720 onwards stiff resistance for ongc.

Bharti though has got potential to move up to 700 it becomes vulnerable
every time it reaches near 650-660.

NTPC would witness stiff resistance 190 onwards kindoff rising wedge in progress.

Reliance communication this could be the surprize package if it holds 155 ,
Yet to show a good upward run.

Infosys hovering near resistance of 1300 and has tested it twice.

Sbi is nearing it support band of 1000-1050 .

DLF is beaten badly after quaterly results with profits falling more than 60%
looks oversold on charts.

So with all this above a conclusion can be made that some more nifty rise is pending
before it hits its resistance.
Hourly resistance at 2870-2900.

Advise would be to trade catiously and book profits at regular intervals.
And don't get carried away by chart patterns,In a Bear market patterns are bound
to fail at times.Expecting comments from active traders who track nifty as well as top 10
nifty stocks can turnout to be an interesting discussion.

Regards
Rish


RESEARCH REPORTS

>INSIDER TRADING 06-02-2009

531525 Ace Software Exports ltd. Vikram B Sanghani J/W Sanjay Dhamsania 22/01/2009 B 30484 30484 0.65 504646 Bhagwati Autocast Limited Ms. Reena P. Bhagwati 27/01/2009 B 100 308140 10.69 504646 Bhagwati Autocast Limited Mrs. Mandakini P. Bhagwati. 27/01/2009 B 29 236408 8.20 532330 Biopac India Corporation Ltd Pankaj B. Doshi 30/01/2009 B 359 3202496 20.02 532330 Biopac India Corporation Ltd Pankaj B Doshi 28/01/2009 B 4000 3200414 20.00 532330 Biopac India Corporation Ltd Pankaj B Doshi 29/01/2009 B 1723 3202137 20.01 532929 Brigade Enterprises Limited M R Gurumurthy 02/02/2009 B 10000 2130722 523890 D.S.Kulkarni Developers Ltd Citigroup Global Mkt(Mauritius) Pvt Ltd 29/01/2009 S 50000 0.06 751316 2.91 526227 Filatex India Ltd. Nouvelle Securities Pvt Ltd 02/02/2009 - 03/02/2009 B 33090 0.19 468675 2.73 524226 Gujarat Ambuja Exports Ltd. Manish Kumar Gupta. 02/02/2009 B 4187 33888012 24.49 524226 Gujarat Ambuja Exports Ltd. Manish Kumar Gupta. 30/01/2009 B 1525 33883825 24.49 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 14/01/2009 B 17000 0.04 2198689 4.67 500241 Kirloskar Brothers Ltd., Better Value Holdings Pvt Ltd. 30/01/2009 B 8337 0.01 52989768 50.10 500241 Kirloskar Brothers Ltd., Better Value Holdings Pvt Ltd. 28/01/2009 - 29/01/2009 B 2993 0.00 52981431 50.09 532850 MIC Electronics Limited J. Muni Kanya 16/12/2008 - 22/01/2009 S 21140 79000 0.07 509760 Modern Shares and Stockbrokers Ltd. Bhagwanti Exports Pvt Ltd. 30/01/2009 - 02/02/2009 B 13440 0.45 981324 33.47 531120 Patel Engineering Ltd Praham India Pvt Ltd 22/01/2009 - 27/01/2009 B 10500 0.01 13810500 23.15 531120 Patel Engineering Ltd Ms. Sonal Patel 13/01/2009 - 27/01/2009 B 2481 160000 0.27 532791 PYRAMID SAIMIRA THEATRE LTD. Nirmal Kotecha 23/01/2009 - 28/01/2009 S 67502 0.23 -- 531033 Regal Entertainment & Consultants Ltd. Shri Satish Kusumbiwal 27/01/2009 B 50 -- 531033 Regal Entertainment & Consultants Ltd. Shri Dinesh Gupta 30/01/2009 B 1000 -- 505075 Setco Automotive Limited Setco Engineering Pvt Ltd. 02/02/2009 B 15000 0.17 4380923 49.49 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M. Doshi 29/01/2009 B 50 1034675 20.68 500483 Tata Communications Limited Tata Sons Limited 19/12/2008 B 6753000 31013497 10.08 500483 Tata Communications Limited Panatone Finvest Ltd 19/12/2008 S 6753000 2.37 109235857 38.33 511333 VLS Finance Limited VLS Capital Ltd. 29/01/2009 B 1500 0.00 11886571 29.87 511333 VLS Finance Limited VLS Capital Ltd. 29/01/2009 B 3992 0.01 11890563 29.88 511147 Wall Street Finance Ltd. Reliance Money Express Ltd. 02/02/2009 B 15693 0.13 4167811 35.85 523628 Wearology Ltd. Citron Finlease Pvt Ltd. 29/01/2009 B 16988 0.33 214000 4.11

B - Buy

S - Sale

RESEARCH REPORTS

>INSIDER TRADING 05-02-2009

526709 BITS Ltd Pan India Corporation Ltd. 28/01/2009 S 3625674 3.24 48495667 43.35 532483 Canara Bank Life Insurance Corporation Of India 29/01/2009 B 424920 0.10 20820233 5.07 532544 Indiabulls Financial Services Ltd. Merrill Lynch Cap Mkts Espana SA SV&PACs 23/01/2009 S 2000000 0.79 7369002 2.90 532544 Indiabulls Financial Services Ltd. Merrill Lynch Cap Mkts Espana SA SV&PACs 25/11/2008 B 1703348 0.67 13756635 5.42 532705 Jagran Prakashan Limited Mr. Mahendra Mohan Gupta 02/02/2009 B 16856 18163211 6.03 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 29/01/2009 B 2898 0.01 2201587 4.68 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 30/01/2009 B 6326 0.01 2207913 4.69 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd 02/02/2009 B 13775 0.03 2221688 4.72 500257 Lupin Ltd Neelima N Sinha 30/01/2009 B 1700 2510 500257 Lupin Ltd Ashok Kumar Madan 30/01/2009 B 750 1510 500257 Lupin Ltd Ganadhish Kamat 30/01/2009 B 1215 2430 500257 Lupin Ltd Chandru Chawla 30/01/2009 B 2268 3240 500257 Lupin Ltd Sanjay Yajnik 30/01/2009 B 1890 3530 501343 Motor & General Finance (M.G.F.) Lt MGF Services Ltd. -- B 2746 0.01 480770 2.48 500304 NIIT Ltd., Ms. Renuka Vijay Thadani 29/01/2009 B 164360 0 0.00 532541 NIIT Technologies Limited Renuka Vijay Thadani 29/01/2009 B 74790 0.13 74790 0.13 501179 Oscar Investments Ltd., Ranbaxy Health Care Pvt Ltd. 28/01/2009 B 1208750 6.99 1208750 6.99 501179 Oscar Investments Ltd., RHC Holding Pvt Ltd. 28/01/2009 B 5248869 30.37 5248869 30.37 530631 Rose Zinc Ltd. Mrs. Usha A Mehta 30/01/2009 B 34100 386100 4.78 526835 Silktex Ltd. Sandeep Kumar Churiwala 02/02/2009 B 12500 605000 7.96 526835 Silktex Ltd. Saket Kumar Churiwala 02/02/2009 B 12500 555850 7.19 530845 Sunshield Chemicals Ltd. Shri. Amit C. Choksey 02/02/2009 B 1313 481313 6.54 530845 Sunshield Chemicals Ltd. Abhiraj Trading & Investments Pvt Ltd. 30/01/2009 B 800 0.01 1604700 21.82 532804 Technocraft Industries (India) Ltd. Sudarshan Kumar Saraf 03/02/2009 B 25000 8715020 27.64 532804 Technocraft Industries (India) Ltd. Sharad Kumar Saraf 03/02/2009 B 24800 384602 1.22 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly (Revised) 09/01/2009 B 11833 6570422 22.01 507817 Wires & Fabriks (SA) Ltd., W & F Securities Pvt Ltd 30/01/2009 B 9950 0.00 1587856 51.95 507817 Wires & Fabriks (SA) Ltd., W & F Seurities Pvt Ltd. 29/01/2009 B 10000 0.32 1577906 51.62

B - Buy

S - Sale

RESEARCH REPORTS