>Indian IT sector analysis

IT sector biggies INFOSYS, TCS and WIPRO ,The big three of IT Index
whose movement shows the way to CNXIT index .

Fundamentally nothing much changed on paper about valuations etc IT bound to
face margin pressures as spending has reduced drastically.

Old saying Market discounts things in advance..

ELLIOT wave analysis on three biggies show that the three are moving in unison
and probably trading in fourth wave,Which suggest buying in dips is a wise choice
still some time before Traders think of taking positional short trades.

The above charts show the similarity between the big three's wave structure.
So as far as IT is considered its a buy in dips till something drastic happens,
Though the buy need to be timed so that we get the stock near 4th wave end,
A good Option trade too possible here buying immediate out of money call near
4th wave end:).

See what research houses say about IT Sector

India IT Services (GOLDMAN SACHS)

So till next post try to trade them accordingly will try updating if things go other way.

Regards
Rish


RESEARCH REPORTS

>INSIDER TRADING 11-05-09

530499	AK Capital Services Ltd	A K Mittal	06/05/2009	B	23649	0.36	385049	5.83
530499	AK Capital Services Ltd	First Rand (Ireland) Plc	30/03/2009 - 06/05/2009	S	156507	2.37	100566	1.52
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	06/05/2009	B	17991	0.27	630591	9.55
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd	06/05/2009	B	11		12001134	47.39
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd	07/05/2009	B	6883	0.03	12008017	47.42
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	04/05/2009	B	12000	0.05	3952000	17.96
532668	Aurionpro Solutions Ltd	Arisaig Partners (Asia) P Ltd	05/05/2009	B	65423
532668	Aurionpro Solutions Ltd	Arisaig Partners (Asia) P Ltd	05/05/2009	S	278236		408891	2.76
532454	Bharti Airtel Ltd	Vijaya Sampath	07/05/2009	S	20000		10000
511196	Can Fin Homes Ltd	Canara Bank	--	B	2785	0.01	8429645	41.15
523477	Gujarat Gas Company Ltd	Sugata Sircar	04/05/2009	B	165		171230	0.27
523477	Gujarat Gas Company Ltd	Sugata Sircar	04/05/2009	B	4835		171065	0.27
523477	Gujarat Gas Company Ltd	Sugata Sircar	05/05/2009	B	1126		176230	0.28
523477	Gujarat Gas Company Ltd	Sugata Sircar	05/05/2009	B	3874		175104	0.27
523477	Gujarat Gas Company Ltd	Sugata Sircar	06/05/2009	B	2500		178730	0.28
523477	Gujarat Gas Company Ltd	Sugata Sircar	06/05/2009	B	2500		181230	0.28
500267	Majestic Auto Ltd	Hero Cycles Ltd	--	S	20873	0.20	2931034	28.19
517334	Motherson Sumi Systems Ltd	Samvardhana Motherson Fin Ltd	04/05/2009	B	8950213	2.52	140838015	39.61
517334	Motherson Sumi Systems Ltd	Vaaman Auto Industry	04/05/2009	S	5664937	1.59	0	0.00
517334	Motherson Sumi Systems Ltd	Vivek Chaand Sehgal	04/05/2009	S	2186826	0.00	12757156	3.59
511551	Networth Stock Broking Ltd	Sathyan Rajan	07/05/2009	S	325040		100000	0.89
500540	Premier Ltd	Doshi Holdings Pvt Ltd	04/05/2009 - 05/05/2009	B	11822	0.04	12047461	39.66
500376	Satyam Computer Services Ltd	FMR LLC & PACs	09/04/2009	S	11842454	1.76	27057197	4.02

530499	AK Capital Services Ltd	A K Mittal	06/05/2009	Acq	23649	0.36	385049	5.83	#
530499	AK Capital Services Ltd	A K Mittal	06/05/2009	Acq	23649	0.36	385049	5.84	*
530499	AK Capital Services Ltd	Second Leasing P Ltd	06/05/2009	Acq	17991	0.27	630591	9.55	#
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	06/05/2009	Acq	17991	0.27	630591	9.55	*
530499	AK Capital Services Ltd	FirstRand (Ireland) Public Ltd Company	30/03/2009 - 06/05/2009	Sale	156507	2.37	100566	1.52	#
511589	Almondz Capital & Management Services Ltd	Innovative Money Matters Pvt Ltd & PACs	05/05/2009	Acq	10000	0.09	2169702	21.65	*
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd & PACs	05/05/2009	Acq	576		12001123	47.39	#
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd & PACs	06/05/2009	Acq	11		12001134	47.39	#
500012	Andhra Petrochemicals Ltd	Jocil Ltd	07/05/2009	Acq	42732	0.05	610096	0.71	*
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	06/05/2009	Acq	13050	0.06	3965050	18.02	*
590059	Bihar Tubes Ltd	APL Infrastructure PVt Ltd & PAC	04/05/2009	Acq	800000	3.94	7675000	37.81	#
590059	Bihar Tubes Ltd	APL Infrastructure Pvt Ltd & PACs	04/05/2009	Acq	800000	3.94	7675000	37.81	*
511196	Can Fin Homes Ltd	Canara Bank	07/05/2009	Acq	2785	0.01	8429645	41.15	#
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	29/04/2009 - 07/05/2009	Acq	536929	2.68	14662905	73.45	*
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	06/05/2009 - 07/05/2009	Acq	561000	0.29	10852600	5.59	#
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	06/05/2009 - 07/05/2009	Acq	561000	0.29	10852600	5.59	*
512559	Kohinoor Foods Ltd	Shri Jugal Kishore Arora	05/05/2009	Acq	100000	0.36	3241311	11.50	*
512559	Kohinoor Foods Ltd	Shri Satnam Arora	05/05/2009	Acq	184279	0.65	2638755	9.36	*
500267	Majestic Auto Ltd	Hero Cycles Ltd	07/05/2009	Sale	20873	0.20	2931034	28.19	#
532106	Rei Agro Ltd	Aspective Vanijya P Ltd	06/05/2009	Acq	59029	0.02	35883447	12.41	#
532106	Rei Agro Ltd	Aspective Vanijya P Ltd	21/04/2009	Acq	167506	0.06	35682418	12.35	#
532106	Rei Agro Ltd	Aspective Vanijya P Ltd	23/04/2009	Acq	142000	0.05	35824418	12.39	#
532691	Tulip Telecom Ltd	Swiss Finance Corporation (M) Ltd	06/05/2009	Acq	79453	0.28	1524992	5.26	*

RESEARCH REPORTS

>INSIDER TRADING 08-05-09

532828	AMD Industries Ltd	Adit Gupta	06/05/2009	B	922		2408145	12.56
532828	AMD Industries Ltd	Harswarup Gupta	06/05/2009	B	3828		2265018	11.81
532935	Aries Agro Ltd	Dr. Rahul Mirchandani	17/04/2009	B	17518		639298	4.92
531937	Beckons Industries Ltd	Gurmeet Singh	16/04/2009	B	123500		1417660	5.26
532707	Dynemic Products Ltd	Lilaben D Patel	21/04/2009	S	58750		104750	0.92
532707	Dynemic Products Ltd	Mukeshkumar B Patel	13/04/2009 - 21/04/2009	S	60413		54168	0.47
532876	Everonn Systems India Ltd	Joe Thomas	09/04/2009	S	3000		158865	1.05
532876	Everonn Systems India Ltd	Joe Thomas	15/04/2009	S	3000		155865	1.03
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	04/05/2009	B	94500	0.47	14306858	71.67
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	05/05/2009	B	75500	0.38	0	0.00
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	06/05/2009	B	102547	0.51	14484905	72.56
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	29/04/2009	B	86382	0.43	0	0.00
522064	Honda Siel Power Products Ltd	Ajay Sheth & PAC	--	B	507475	5.00	507475	5.00
532174	ICICI Bank Ltd	Sandeep Bakhshi	04/05/2009	S	2000		48000
514165	Indian Acrylics Ltd	Dheeraj Garg	17/04/2009 - 20/04/2009	B	101699	0.08	889289	0.67
532777	Info Edge India Ltd	FMR LLC & PACs	05/05/2009	S	407648	1.49	1085946	3.98
532783	LT Foods Ltd	Ashok Arora	16/04/2009	B	20000		2164918	9.72
532783	LT Foods Ltd	Ashwani Arora	16/04/2009	B	3000		2171580	9.75
513269	Man Industries India Ltd	Priyal Mansukhani	08/04/2009	B	2500		901075	1.69
523704	Mastek Ltd	Ashank Desai	29/04/2009	S	62528		3125152	11.62
523704	Mastek Ltd	Samvitha Ram	29/04/2009	B	62528		103328	0.38
511688	Mathew Easow Research Securities Ltd	Mathew Easow Fiscal Services Ltd	01/04/2009	S	40		1512176	50.41
511688	Mathew Easow Research Securities Ltd	Mathew Easow Fiscal Services Ltd	24/02/2009 - 13/04/2009	B	25838	0.86	0
532819	MindTree Ltd	Vinod Deshmukh	04/05/2009 - 05/05/2009	S	8000		198909	0.52
522205	Praj Industries Ltd	Utpal Sheth	05/05/2009	B	200000	0.11	200000	0.11
500540	Premier Ltd	Doshi Holdings Pvt Ltd	09/04/2009 - 16/04/2009	B	12000	0.04	12022265	39.58
532643	Shree Ganesh Forgings Ltd	Akshatt Deepak Sekhri	--	B	18278		944560	7.56
532348	Subex Ltd	Subash Menon	04/05/2009	B	10736		2518236	7.22
532348	Subex Ltd	Subash Menon	05/05/2009	B	8656		2526892	7.25
532348	Subex Ltd	Sudesh Yezhuvath	04/05/2009	B	3600		369493	1.06
532348	Subex Ltd	Sudesh Yezhuvath	05/05/2009	B	2750		372243	1.06
532790	Tanla Solutions Ltd	Citigroup Global Mkt (M) P Ltd	17/04/2009	S	29493	0.03	5275576	5.28
532790	Tanla Solutions Ltd	Citigroup Global Mkt (M) P Ltd	17/04/2009	S	46024	0.05	5229552	5.23
531703	Tribhuvan Housing Ltd	C R Rajesh Nair	05/05/2009	B	1621000	16.19	2139664	21.37
505537	Zee Entertainment Enterprises Ltd	HDFC Arbitrage Fund	29/04/2009	B	39200	0.00	39200	0.00
505537	Zee Entertainment Enterprises Ltd	HDFC Growth Fund	29/04/2009	B	100000	0.02	4160179	0.95
505537	Zee Entertainment Enterprises Ltd	HDFC Growth Fund	29/04/2009	B	300000	0.06	300000	0.06
505537	Zee Entertainment Enterprises Ltd	HDFC Long Term Equity Fund	29/04/2009	B	500000	0.11	3059980	0.70

532114	Alchemist Realty Ltd	HS FII Investment Ltd	04/05/2009	Acq	4015000	5.42	7115000	9.60	#
500012	Andhra Petrochemicals Ltd	Jocil Ltd	04/05/2009	Acq	10053	0.01	467010	0.55	#
532994	Archidply Industries Ltd	Assam Timber Products P Ltd	06/05/2009	Acq	12000	0.05	3952000	17.96	#
511196	Can Fin Homes Ltd	Canara Bank	07/05/2009	Acq	2785	0.01	8429645	41.14	*
511196	Can Fin Homes Ltd	Canara Bank	20/04/2009	Acq	47000	0.22	8418571	41.09	*
531863	Gee Kay Finance & Leasing Company Ltd	Ajay Kumar Agarwal, Ajay Kumar Agarwal HUF	04/05/2009	Sale	272158	2.00	28842	0.23	*
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	05/05/2009 - 06/05/2009	Acq	178047	0.89	14484905	72.56	#
532786	Great Offshore Ltd	Dhanashree Properties P Ltd	06/05/2009	Acq	1710149	4.60	1710149	4.60	#
532786	Great Offshore Ltd	Natural Power Ventures P Ltd	06/05/2009	Acq	3823637	10.29	3823637	10.29	#
517271	HBL Power Systems Ltd	Reliance Capital Ltd	06/05/2009 - 07/05/2009	Acq	1894123	7.80	1894123	7.80	*
514165	Indian Acrylics Ltd	Dheeraj Garg	15/04/2009 - 16/04/2009	Acq	150579	0.11	787590	0.59	*
514165	Indian Acrylics Ltd	Dheeraj Garg & PAC	18/04/2009 - 20/04/2009	Acq	101699	0.08	69484290	52.90	#
524164	IOL Chemicals & Pharmaceuticals Ltd	IndiaSTAR (M) Ltd	21/04/2009	Acq	726664		3156664	14.88	*
524164	IOL Chemicals & Pharmaceuticals Ltd	Mayadevi Polycot Ltd, Varinder Gupta (PAC)	21/04/2009	Acq	1200000		10937953	51.55	*
523704	Mastek Ltd	Ashank Desai	29/04/2009	Sale	62528	0.23	3125152	11.62	#
523704	Mastek Ltd	Samvitha Ram	29/04/2009	Acq	62528	0.23	103328	0.38	#
532106	Rei Agro Ltd	Aspective Vanijya Pvt Ltd	06/05/2009	Acq	59029	0.02	35883447	12.41	*
532106	Rei Agro Ltd	Aspective Vanijya P Ltd	21/04/2009	Acq	167506	0.05	35682418	12.34	*
532106	Rei Agro Ltd	Aspective Vanijya P Ltd	23/04/2009	Acq	142000	0.05	35824418	12.39	*
526137	Shetron Ltd	Global Trade Finance Ltd	15/04/2009	Acq	1009523	11.21	1009523	11.21	*
500114	Titan Industries Ltd	HDFC Mutual Fund	04/05/2009	Acq	150000	0.33	2268569	5.11	*
531703	Tribhuvan Housing Ltd	C R Rajesh Nair & PAC	05/05/2009	Acq	1621000	16.19	3027066	33.23	#
531703	Tribhuvan Housing Ltd	C R Rajesh Nair & PAC	05/05/2009	Acq	1621000	16.19	3027066	33.23	*
505537	Zee Entertainment Enterprises Ltd	HDFC Mutual Fund	29/04/2009	Acq	939200	0.21	22639295	5.20	#

RESEARCH REPORTS

>INSIDER TRADING 07-05-09

532975	Aishwarya Telecom Ltd	G Rama Manohar Reddy	06/05/2009	B	5000		3606201	33.82
511589	Almondz Capital & Management Services Ltd	Innovative Money Matters P Ltd	05/05/2009	B	10000	0.09	2169702	21.66
531400	Almondz Global Securities Ltd	Almondz Cap & Mgt Ser Ltd	05/05/2009	B	576		12001123	47.39
532616	Cambridge Solutions Ltd	Scandent Holdings M Ltd (Revised)	09/04/2009	S	41665262	37.41	14115070	-37.41
530871	Chembond Chemicals Ltd	Dr. Vinod D. Shah	23/04/2009	B	1000		444969
530871	Chembond Chemicals Ltd	Dr. Vinod D. Shah	23/04/2009	B	50		443969
531863	Gee Kay Finance & Leasing Company Ltd	Ajay Kumar Agarwal	24/04/2009 - 04/05/2009	S	195957		5043	0.04
531863	Gee Kay Finance & Leasing Company Ltd	Ajay Kumar Agarwal HUF	20/04/2009 - 23/04/2009	S	76201		23799	0.18
504028	GEE Ltd	Vidya Finvest P Ltd	04/05/2009	B	18312		4096668	21.67
504028	GEE Ltd	Vidya Finvest P Ltd	05/05/2009	B	12167		4108835	21.73
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	04/05/2009	B	2500	0.01	650110	2.32
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	04/05/2009	B	4992	0.02	0	0.00
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	04/05/2009	B	5017	0.02	0	0.00
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	04/05/2009	B	5450	0.02	0	0.00
532783	LT Foods Ltd	Ashwani Arora	21/04/2009	B	10250		2181830	9.80
500257	Lupin Ltd	Vijaykumar A Kothiwale	04/05/2009	S	500		1750	0.00
500267	Majestic Auto Ltd	Hero Cycles Ltd	--	S	6059	0.06	2951907	28.39
532819	MindTree Ltd	Janakiraman	04/05/2009	S	8800		1041299	2.40
533015	Nu Tek India Ltd	Sumati Sharma	03/10/2008	B	21870		72235
533015	Nu Tek India Ltd	Sumati Sharma	03/11/2008	B	10000		115775
533015	Nu Tek India Ltd	Sumati Sharma	03/11/2008	B	20000		135775
533015	Nu Tek India Ltd	Sumati Sharma	04/02/2009	B	200		250992
533015	Nu Tek India Ltd	Sumati Sharma	04/02/2009	B	5000		250792
533015	Nu Tek India Ltd	Sumati Sharma	06/02/2009	B	15		255992
533015	Nu Tek India Ltd	Sumati Sharma	06/02/2009	B	4985		255977
533015	Nu Tek India Ltd	Sumati Sharma	06/10/2008	B	20000		92235
533015	Nu Tek India Ltd	Sumati Sharma	06/11/2008	B	5000		140775
533015	Nu Tek India Ltd	Sumati Sharma	12/11/2008	B	44590		241645
533015	Nu Tek India Ltd	Sumati Sharma	12/11/2008	B	56280		197055
533015	Nu Tek India Ltd	Sumati Sharma	14/10/2008	B	8540		100775
533015	Nu Tek India Ltd	Sumati Sharma	14/11/2008	B	2000		243645
533015	Nu Tek India Ltd	Sumati Sharma	17/02/2009	B	10		259692
533015	Nu Tek India Ltd	Sumati Sharma	17/02/2009	B	3690		259682
533015	Nu Tek India Ltd	Sumati Sharma	17/11/2008	B	147		245792
533015	Nu Tek India Ltd	Sumati Sharma	17/11/2008	B	2000		245645
533015	Nu Tek India Ltd	Sumati Sharma	20/10/2008	B	5000		105775
533015	Nu Tek India Ltd	Tushar Kumar Varshney	21/08/2008	B	510		5510
533015	Nu Tek India Ltd	Vineet Sirpaul	11/09/2008	B	200		52601
533015	Nu Tek India Ltd	Vineet Sirpaul	12/11/2008	B	835		53436
533015	Nu Tek India Ltd	Vineet Sirpaul	21/08/2008	B	2400		52401
500376	Satyam Computer Services Ltd	Venturbay Consultants Pvt Ltd	05/05/2009	B	302764327	31.00	302764327	31.00
502742	Sintex Industries Ltd	BVM Finance Pvt Ltd	20/04/2009 - 24/04/2009	B	1000000	0.73	31649765	23.18
500472	SKF India Ltd	Ruane Cunniff & Goldfard Inc. A/C & PACs	29/04/2009	B	769000	1.46	3396620	6.44
532966	Titagarh Wagons Ltd	2i Capital PCC	--	S	500000	2.71	556051
500114	Titan Industries Ltd	HDFC Mutual Fund Ltd	--	B	150000	0.34	2268569	5.11
532824	Vijayeswari Textiles Ltd	Seshraj Enterprises P Ltd	06/05/2009	B	7251	0.04	7706021	42.41
524200	Vinati Organics Ltd	Vinati Saraf Mutreja	05/05/2009	B	10064	0.10	121467	1.23

500012	Andhra Petrochemicals Ltd	Jocil Ltd	05/05/2009	Acq	100354	0.12	567364	0.67	*
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	04/05/2009	Acq	12000	0.05	3952000	17.96	*
530871	Chembond Chemicals Ltd	Dr. Vinod D. Shah	23/04/2009	Acq	1050	0.04	444969	14.83	#
531863	Gee Kay Finance & Leasing Company Ltd	Ajay Kumar Agarwal & PAC	04/05/2009	Sale	272158	2.00	28842	0.23	#
504028	GEE Ltd	Vidya Finvest Ltd	04/05/2009	Acq	18312	0.09	4096668	21.67	#
504028	GEE Ltd	Vidya Finvest Ltd	05/05/2009	Acq	12167	0.06	4108835	21.73	#
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	04/05/2009	Acq	94500	0.47	14306858	71.67	#
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	29/04/2009	Acq	86382	0.43	14212358	71.20	#
532734	Godawari Power & Ispat Ltd	Ram Realmart Pvt Ltd & PACs	04/05/2009	Acq	17959	0.06	650110	2.31	#
532734	Godawari Power & Ispat Ltd	Ram Realmart Pvt Ltd & PACs	04/05/2009	Acq	17959	0.06	650110	2.31	*
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	04/05/2009 - 05/05/2009	Acq	400000	0.21	10291600	5.30	#
500267	Majestic Auto Ltd	Hero Cycles Ltd	06/05/2009	Sale	6059	0.06	2951907	28.39	#
500267	Majestic Auto Ltd	Hero Cycles Ltd	06/05/2009	Sale	6059	0.06	2951907	28.39	*
504864	Orissa Sponge Iron & Steel Ltd	Bhushan Energy Ltd	04/03/2009 - 06/05/2009	Acq	440996	1.63	3157996	11.69	*
532460	Ponni Sugars Erode Ltd	M Amarnath & PACs	13/04/2009	Acq	128726	1.50	535129	6.22	#
500376	Satyam Computer Services Ltd	Venturbay Consultants Pvt Ltd & PAC	05/05/2009	Acq	302764327	31.00	302764327	31.00	#
500472	SKF India Ltd	Ruanne Cunniff & Goldfard Inc. A/C & PACs	29/04/2009	Acq	769000	1.46	3396620	6.44	#
500114	Titan Industries Ltd	HDFC Mutual Fund	04/05/2009	Acq	150000	0.34	2268569	5.11	#

RESEARCH REPORTS