>INSIDER TRADING 11-02-2009

507852 Addi Industries Ltd., Shri Chaman Lal Jain 09/02/2009 B 42706 0.39 1415466 13.11 531557 Amit Securities Ltd. Mrs. Mradula Mittal. -- B 458300 6.45 771500 10.87 531557 Amit Securities Ltd. Anil Kumar Mittal - HUF. -- B 419000 5.90 651000 9.17 531557 Amit Securities Ltd. Shailendra Engineering Co. Pvt Ltd. -- B 536000 7.55 2611700 36.78 531557 Amit Securities Ltd. Mrs. Rajrani Mittal. -- S 408300 5.75 -- 531557 Amit Securities Ltd. Mrs. Usha Gupta. -- S 50000 0.71 -- 531557 Amit Securities Ltd. Mr. Ankit Mittal. -- S 419000 5.90 -- 531557 Amit Securities Ltd. Mr. Anshul Mittal. -- S 206000 2.90 -- 531557 Amit Securities Ltd. Mrs. Shweta Mittal. -- S 200000 2.82 -- 531557 Amit Securities Ltd. Mr. Alok Gupta. -- S 130000 1.83 -- 507828 Ansal Housing & Construction Ltd., JPMSL A/c Copthall Mauritius Invest Ltd 05/02/2009 S 50000 0.28 555852 3.16 508136 B & A Ltd. Hemendra Prasad Barooah 06/02/2009 B 2175 855258 27.59 532845 Bhagwati Banquets & Hotels Ltd Lotus Global Investments Ltd -- S 550000 1.87 1714000 5.85 531590 Bilpower Ltd. Suresh Kumar Choudhary. 04/02/2009 B 3976 0.03 288263 2.74 505681 Bimetal Bearings Ltd M/s Simpson & Company Ltd -- B 123 561421 14.67 532330 Biopac India Corporation Ltd Pankaj B. Doshi. 29/01/2009 B 1907 0.01 1907 0.01 532330 Biopac India Corporation Ltd Pankaj B. Doshi. 02/02/2009 B 2300 3204796 20.03 532330 Biopac India Corporation Ltd Pankaj B. Doshi. 04/02/2009 B 15000 3231421 20.20 532330 Biopac India Corporation Ltd Pankaj B. Doshi. 03/02/2009 B 11625 3216421 20.10 500067 Blue Star Ltd Ashok M Advani 02/02/2009 - 03/02/2009 B 5500 6944049 7.72 500067 Blue Star Ltd Ashok M ADvani 04/02/2009 - 05/02/2009 B 14500 6958549 7.74 532616 Cambridge Solutions Limited Dilip Keshu 06/02/2009 S 48800 206192 0.18 531337 Channel Guide India Ltd. Rajendra Sharad Karnik 03/02/2009 B 10200 0.17 1160847 19.34 502820 DCM Ltd., Aggresar Leasing & Finance Pvt Ltd. 02/02/2009 B 100000 0.57 3827536 22.02 511072 Dewan Housing Finance Corpn. Ltd., M/s. Wadhwan Holdings Pvt Ltd. 03/02/2009 B 25000 0.04 4146729 6.85 511072 Dewan Housing Finance Corpn. Ltd., Wadhawan Holdings Pvt Ltd 04/02/2009 B 120000 0.20 4266729 7.05 511072 Dewan Housing Finance Corpn. Ltd., Wadhawan Holdings Pvt Ltd 05/02/2009 B 15000 0.02 4281729 7.07 524768 Emmessar Biotech & Nutrition Ltd. Mr. M.S. Raghavan Ayyangar. 02/02/2009 B 600 34347 0.69 524768 Emmessar Biotech & Nutrition Ltd. Mr. M.S. Raghavan Ayyangar. 03/02/2009 B 2700 37047 0.74 526227 Filatex India Ltd. Nouvelle Securities Pvt Ltd 05/02/2009 B 20000 0.12 488675 2.85 526227 Filatex India Ltd. Nouvelle Securities Pvt Ltd 06/02/2009 B 17650 506325 2.95 513108 Gandhi Special Tubes Ltd., Shri. Manhar G. Gandhi. 30/01/2009 B 20000 2339870 15.92 513108 Gandhi Special Tubes Ltd., Shri. Jayesh M. Gandhi. 30/01/2009 B 20000 956366 6.50 513108 Gandhi Special Tubes Ltd., Shri. Bhupatrai G. Gandhi. 30/01/2009 B 21551 2188651 14.89 532345 Gati Limited Mahendra Kumar Agarwal 04/02/2009 - 09/02/2009 B 18014 1860322 2.19 532767 Gayatri Projects Limited Mr. T V Sandeep Kumar Reddy 04/02/2009 B 41000 1545713 15.30 532767 Gayatri Projects Limited Mr. T V Sandeep Kumar Reddy 05/02/2009 - 06/02/2009 B 5240 1550953 15.35 532015 Gravity (India) Ltd. Smt. Dakshaben R. Thakkar. 02/02/2009 B 15000 0.17 118725 1.32 500875 ITC Ltd K. Vaidyanath. 30/01/2009 S 25000 326250 0.00 500875 ITC Ltd Mr.B.B. Chatterjee. 30/01/2009 S 2000 36140 0.00 532741 Kamdhenu Ispat Limited Kamdhenu Overseas Ltd 30/01/2009 B 14819 0.07 2295730 12.07 513269 Man Industries (India) Ltd Nikhil Mansukhani 04/02/2009 B 12601 881627 1.65 513269 Man Industries (India) Ltd Nikhil Mansukhani 05/02/2009 - 06/02/2009 B 7279 888906 1.66 513269 Man Industries (India) Ltd Jhamaklal M. Mansukhani 04/02/2009 B 5000 745128 1.39 509760 Modern Shares and Stockbrokers Ltd. Bhagwanti Exports Pvt Ltd. -- B 1788 0.06 983112 33.54 501343 Motor & General Finance (M.G.F.) Lt MGF Services Ltd. -- B 1253 0.00 487190 2.51 526721 Nicco Parks And Resorts Ltd. Rajive Kaul. 24/01/2009 B 150 179431 3.83 526721 Nicco Parks And Resorts Ltd. Rajive Kaul. 29/01/2009 B 150 179581 3.83 526721 Nicco Parks And Resorts Ltd. Rajive Kaul. 30/01/2009 B 150 179731 3.84 532541 NIIT Technologies Limited Ms. Renuka Vijay Thadani 04/02/2009 - 05/02/2009 B 77662 166517 0.28 533015 Nu Tek India Limited Sumati Sharma 04/02/2009 - 06/02/2009 B 10200 253845 532391 Opto Circuits (India) Ltd. Mrs. Usha Ramnani 05/02/2009 B 6000 5919135 3.66 532466 Oracle Financial Services Software Limited Manmath Kulkarni 04/02/2009 S 2000 70185 531120 Patel Engineering Ltd Patel Engg. Employee Welfare Trust 03/02/2009 - 04/02/2009 B 15000 0.03 3380000 5.66 500302 Piramal Healthcare Ltd FID HLTH CARE CNTRL FD SUB A & PACs 06/02/2009 S 1084844 0.52 7706548 3.69 522205 Praj Industries Ltd. Mr. Parth Chaudhri 06/02/2009 B 51579 1630450 0.83 522205 Praj Industries Ltd. Mr. Pramod Chaudhari 06/02/2009 B 285678 29191527 15.91 526247 Premier Explosives Ltd. A N Gupta - HUF 30/01/2009 B 489 0.01 363369 4.47 526247 Premier Explosives Ltd. A N Gupta _HUF 03/02/2009 B 950 0.01 364319 4.48 526801 PSL Limited G.Gehani 02/02/2009 B 2000 8000 0.01 500344 Punjab Tractors Ltd., M & M Benefit Trust 02/02/2009 B 39270165 64.64 39270165 64.64 532710 Sadbhav Engineering Ltd. Citigroup Global Mkt (Mauritius) Pvt Ltd 27/01/2009 S 112000 0.90 637581 5.10 532543 Sah Petroleums Ltd. NAF India Holdings Ltd 29/01/2009 B 8800000 20.00 20800000 47.27 532543 Sah Petroleums Ltd. NAF India Holdings Ltd 05/02/2009 B 6500000 14.77 27380000 62.05 532543 Sah Petroleums Ltd. NAF India Holdings Ltd 29/11/2008 B 12000000 27.27 12000000 27.27 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M Doshi 05/02/2009 B 50 1034928 20.68 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M Doshi 30/01/2009 B 102 1034777 20.68 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M Doshi 02/02/2009 B 1 1034778 20.68 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M Doshi 03/02/2009 B 100 1034878 20.68 532793 Shree Ashtavinayak Cine Vision Ltd Dahlia Traders Pvt Ltd. 03/02/2009 B 25000 0.24 3469627 33.11 532793 Shree Ashtavinayak Cine Vision Ltd Dahlia Traders Pvt Ltd. 04/02/2009 S 1000 0.01 3468627 33.10 521034 Soma Textile & Industries Ltd Nandita Patodia 27/01/2009 S 51080 0.15 23920 0.07 521034 Soma Textile & Industries Ltd Anupama Agarwal. 27/01/2009 S 51761 0.15 24239 0.07 532874 Suryachakra Power Corporation Ltd. Mrs. M Mangatayaru 03/02/2009 - 04/02/2009 B 8000 1317845 1.72 532804 Technocraft Industries (India) Ltd. Sharad Kumar Saraf 06/02/2009 B 13479 423080 1.34 532804 Technocraft Industries (India) Ltd. Sudarshan Kumar Saraf 06/02/2009 B 11132 8750652 27.76 532356 Triveni Engineering & Industries Ltd Umananda Trade & Finance Ltd. 03/02/2009 B 500000 0.19 20157589 7.81 532356 Triveni Engineering & Industries Ltd TOFSL Trading & Investments Ltd. 03/02/2009 S 500000 0.19 4367361 1.69 531088 Tulip Star Hotels Ltd. Pujit Aggarwal. 29/05/2008 - 06/06/2008 B 92000 1.99 0 0.00 531088 Tulip Star Hotels Ltd. Anaan Mercantile Pvt Ltd. 30/05/2008 - 11/06/2008 B 200846 4.35 -- 531088 Tulip Star Hotels Ltd. Lavanya Multitrade Pvt Ltd. 29/05/2008 - 11/06/2008 B 147500 3.19 -- 531088 Tulip Star Hotels Ltd. Manish Mehta. 02/05/2008 - 26/05/2008 B 227582 4.93 -- 507878 Unitech Ltd., Mr.Ravinder Singhania 05/02/2009 B 50000 -- 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly 02/02/2009 B 6041 6595501 22.10 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly 03/02/2009 - 04/02/2009 B 10561 6606062 22.13 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly. 15/01/2009 - 31/01/2009 B 10289 6589460 22.08 511431 Vakrangee Softwares Ltd. Anil patodia 23/01/2009 B 2000 63090 0.30 511431 Vakrangee Softwares Ltd. Anil Patodia 21/01/2009 B 2000 61090 0.29 511431 Vakrangee Softwares Ltd. Anil Patodia 27/01/2009 B 2000 65090 0.31 500439 Vardhman Holdings Limited Principal Mutual Fund Schemes 05/02/2009 S 70195 2.20 55951 1.75 511333 VLS Finance Limited VLS Capital Ltd. 03/02/2009 B 6401 0.01 11920561 29.95 511333 VLS Finance Limited VLS Capital Ltd. 03/02/2009 B 8847 0.02 11929408 29.97 511333 VLS Finance Limited VLS Capital Ltd. 04/02/2009 B 286 0.00 11929694 29.97 511333 VLS Finance Limited VLS Capital Ltd. 04/02/2009 B 2606 0.00 11932300 29.98 511333 VLS Finance Limited VLS Capital Ltd. 05/02/2009 B 2585 0.00 11934885 29.99 511333 VLS Finance Limited VLS Capital Ltd. 05/02/2009 B 6301 0.01 11941186 30.00 511147 Wall Street Finance Ltd. Reliance Money Express Ltd. 04/02/2009 B 10202 0.09 4179230 35.95 531404 Zicom Electronic Security Systems l Deutsche Bank Aktiengesellschaft 04/02/2009 S 115500 0.91 278401 2.19

B - Buy

S - Sale

RESEARCH REPORTS

>INSIDER TRADING 10-02-2009

507852 Addi Industries Ltd., Sh. Chaman Lal Jain. 03/02/2009 - 06/02/2009 B 395440 3.66 1372760 12.71 532828 AMD Industries Ltd Harswarup Gupta. 04/02/2009 B 463 2058777 10.74 507828 Ansal Housing & Construction Ltd., Global Cosultants & Designers Pvt Ltd 05/02/2009 B 39855 1095774 6.24 523377 Apar Industries Ltd Dr. N D Desai 02/02/2009 - 03/02/2009 B 352 6604753 20.42 523377 Apar Industries Ltd Shri Kushal N Desai 02/02/2009 B 1000 6555729 20.27 523377 Apar Industries Ltd Shri C N Desai 02/02/2009 B 1000 6474676 20.02 531541 Avon Organics Ltd. Arch Pharmalabs Ltd. 31/01/2009 B 4500000 20.00 14309100 63.60 508136 B & A Ltd. Hemendra Prasad Barooah 05/02/2009 B 3798 853083 27.52 512296 Bhagyanagar India Limited Ms. Vinita Surana 01/01/2009 - 03/02/2009 B 58259 1117862 1.50 531590 Bilpower Ltd. Suresha Kumar Choudhary. 02/02/2009 B 3000 0.02 279137 2.65 513375 Carborundum Universal Ltd., Nalanda India Fund Ltd. 02/02/2009 B 691900 0.74 7361923 7.89 530829 Cil Securities Ltd. Shri K K Maheshwari 04/02/2009 B 245000 4.90 827700 16.55 500096 Dabur India Ltd. Sunil Duggal 05/02/2009 S 27787 1495495 0.17 532868 DLF LIMITED Rajeev Talwar 03/02/2009 B 15560 51120 504008 EMCO Ltd., Franklin Templeton Mutual Fund -- S 14047 0.02 2400412 4.08 500246 Envair Electrodyne Ltd. Mr. Shripad Mirashi. 27/01/2009 B 200 0.01 1560472 51.33 500246 Envair Electrodyne Ltd. Mr. Shripad Mirashi. 02/02/2009 B 500 0.02 1560972 51.35 532622 GATEWAY DISTRIPARKS LTD. Shabhir Hassanbhai 03/02/2009 B 22686 400000 0.37 532767 Gayatri Projects Limited Mr. T.V. Sandeep Kumar Reddy. 03/02/2009 B 4647 1504713 14.89 509567 Goa Carbon Ltd., Shrinivas V. Dempo. 02/02/2009 B 2300 110611 1.20 532847 HILTON METAL FORGING LIMITED Mr. Yuvraj Malhotra 30/12/2008 - 03/02/2009 B 27177 5901486 47.42 532847 HILTON METAL FORGING LIMITED Mrs. Diksha Malhotra 15/01/2009 - 02/02/2009 B 15165 705312 5.66 532388 Indian Overseas Bank The Children's Invest. Master Fund 02/02/2009 S 1145932 0.21 42002309 7.71 531131 Mascon Global Ltd Mr. K Chandra 04/02/2009 B 292398 24491231 6.58 500304 NIIT Ltd., Ms. Renuka Vijay Thadani 02/02/2009 - 03/02/2009 B 489902 2118324 1.28 532541 NIIT Technologies Limited Ms. Renuka Vijay Thadani 02/02/2009 - 03/02/2009 B 14065 88855 0.15 500314 Oriental Hotels Ltd., Mr. D Varada Reddy 20/01/2009 - 03/02/2009 B 13848 0.08 374558 2.09 504864 Orissa Sponge Iron And Steel Limited Infrastructure Development Fin.Co. Ltd 30/01/2009 S 1000000 5.00 -- 522205 Praj Industries Ltd. Mr. Parth Chaudhari 05/02/2009 B 320850 1478871 0.81 526247 Premier Explosives Ltd. A N Gupta - HUF. 27/01/2009 B 1855 0.02 361936 4.45 526247 Premier Explosives Ltd. A N Gupta - HUF. 29/01/2009 B 944 0.01 362880 4.46 530695 Prime Property Development Corporation Ltd. Padamshi L. Soni. 28/01/2009 B 2068 9022920 45.11 530695 Prime Property Development Corporation Ltd. Padamshi L. Soni. 29/01/2009 - 30/01/2009 B 6425 9029345 45.15 520008 RICO Auto Industries Ltd. Shri G S Bisht 02/02/2009 B 2000 9000 0.01 532543 Sah Petroleums Ltd. Rajendra Sah - HUF. 04/02/2009 S 3981486 9.05 500000 1.13 532543 Sah Petroleums Ltd. Rajendra Sah. 04/02/2009 S 1634065 3.71 3565935 8.11 532543 Sah Petroleums Ltd. Chaitali Sah. 04/02/2009 S 884449 2.01 51 530845 Sunshield Chemicals Ltd. Shri. Amit C. Choksey. 05/02/2009 B 1000 484513 6.58 505397 Techno Electric & Engg. Co. Ltd., Checons Ltd 05/02/2009 B 99503 0.17 1089403 532804 Technocraft Industries (India) Ltd. Sudarshan Kumar Saraf 04/02/2009 B 24500 8739520 27.72 532804 Technocraft Industries (India) Ltd. Sharad Kumar Saraf 04/02/2009 B 24999 409601 1.30 533033 The Saraswati Industrial Syndicate Limited Mr. Aditya Puri 03/02/2009 - 04/02/2009 B 9500 438057 5.94 533033 The Saraswati Industrial Syndicate Limited The Yamuma Syndicate 03/02/2009 B 9500 0.13 3014153 40.90 511431 Vakrangee Softwares Ltd. Goldman Sachs Investments (Maur.) I Ltd 26/06/2007 - 30/01/2009 B 3181826 -- 511431 Vakrangee Softwares Ltd. Goldman Sachs Investments (Maur.) I Ltd 26/06/2007 - 30/01/2009 S 3999530 782772 3.66

B - Buy

S - Sale

RESEARCH REPORTS

>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