>Reliance Industries Elliott Wave Analysis

Reliance Industries Super heavy weight on Nifty and Sensex ,Much depends on this
Stock movement.It can be seen from time to time with similarity in nifty and reliance
chart.

The present structure in Reliance can also be seen in Nifty nice impulsive rises in both.
In reliance it looked like a extension of 3rd wave of the local impulse which started from
1800.
Let me attach a chart which is self explanatory ,The spike we saw in reliance could be the
start of the 5th up of the present local impulse up.This 5th up can find resistance near 2200 and may end there,And commence corrective
abc from there,Would elaborate more as and when it happens.

Regards
Rish
RESEARCH REPORTS

>Nifty Elliott Wave Analysis(A different count)

Nifty did not behave how it was expected in the previous post.
Wave analysis :) bit tedious ahemm.. but we continuously keep trying till we get it
correct ,That's how things work (U give up and the next moment it works)!!

Well i am putting up a different count here ,This is not a trade idea it a possibility
If things go the way i expect.

In last count (nifty counts) the C down of 4th wave could have got over near 4540
the wave till 4540 from the high of 5180 was a 5 wave down of a smaller degree.

The wave which started from 4540 could well be the 5th up ,The chart here i am posting
is a loose chart the levels are not calculated yet its just to show the possibility of the move
once the move starts in that direction would refine and calculate respective wave targets.
Attaching a chart to show it .

Regards
Rish
RESEARCH REPORTS

>INSIDER TRADING 20-11-09(RELCAPITAL buys in EMCO)

Relcapital buys in EMCO

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
500096	Dabur India Ltd	Ambati Sudhakar	06/11/2009	S	3200		179497	0.02
500096	Dabur India Ltd	Ambati Sudhakar	09/11/2009	S	3100		176397	0.02
500096	Dabur India Ltd	Rajan Varma	10/11/2009	S	3090		235557	0.02
504008	Emco Ltd	Reliance Capital Ltd	04/11/2009	S	472150	0.80	2060570	3.50
532312	Geometric Ltd	Godrej Investments Pvt Ltd	10/11/2009	B	24000	0.04	6586655	10.60
524314	Gujarat Terce Laboratories Ltd	Amritbhai P Prajapati	11/03/2009	S	50000
500180	HDFC Bank Ltd	Harish Engineer	04/11/2009	B	50000		110100	0.03
505726	IFB Industries Ltd	Divine Commotrade Pvt Ltd	10/11/2009	B	1500000	4.32	1518100
505726	IFB Industries Ltd	IFB Pvt Ltd	10/11/2009	B	2000000	5.75	2138995
505726	IFB Industries Ltd	Midelec Marketing Pvt Ltd	10/11/2009	B	1500000	4.32	1500000	4.32
500875	ITC Ltd	Anup Singh	30/10/2009	B	35000		305310	0.00
500875	ITC Ltd	S B Mathur	30/10/2009	B	20000		20500	0.00
500875	ITC Ltd	Yogesh Chander Deveshwar	30/10/2009	B	600000		2439389	0.06
523467	Jai Mata Glass Ltd	Moti Lal Bhasin	--	S	2000000	2.15	4088000
531602	Koffee Break Pictures Ltd	Nalini N Gada	31/10/2009	B	750000	0.99	5000000
513269	Man Industries India Ltd	JPA Holding P Ltd	05/11/2009	B	16803		472928	0.88
513269	Man Industries India Ltd	Nikhil Mansukhani	05/11/2009	B	10000		927735	1.74
532827	Page Industries Ltd	Ramesh Genomal	10/11/2009	S	764		2329819	20.88
532827	Page Industries Ltd	Sunder Genomal	10/11/2009	S	930		2329713	20.88
526247	Premier Explosives Ltd	Kailash Gupta	04/11/2009	B	2240	0.03	730815	8.99
526247	Premier Explosives Ltd	Kailash Gupta	05/11/2009	B	184	0.00	730999	8.99
517556	PVP Ventures Ltd	Citigroup Global Mkt (Mauritius) Pvt Ltd	06/11/2009	B	498000	0.21	12009537	5.18
533093	Raj Oil Mills Ltd	Manavendra Gokhale	--
500355	Rallis India Ltd	Tata Chemicals Ltd	09/11/2009	B	980000	4.09	6489441	50.06
500295	Sesa Goa Ltd	FTIF Templeton Asia Growth Fund	--	B	1865930	0.23	58857509	7.17
532874	Suryachakra Power Corporation Ltd	Mrs M Mangatayaru	03/11/2009	B	34500		1515596	1.97
532874	Suryachakra Power Corporation Ltd	Mrs M Mangatayaru	04/11/2009	B	2302		1517898	1.98
532874	Suryachakra Power Corporation Ltd	Mrs M Mangatayaru	05/11/2009	B	1500		1519398	1.98
532874	Suryachakra Power Corporation Ltd	Mrs M Mangatayaru	06/11/2009	B	6198		1525596	1.99
532646	Uniply Industries Ltd	B L Bengani	09/11/2009	B	4566		535978	4.30
532646	Uniply Industries Ltd	B L Bengani	10/11/2009	B	9467		545445	4.37

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Acq/Sale	No.of Shares Transacted		Holding after Transaction
					Qty	%	Qty	%
530723	Asit C Mehta Financial Services Ltd	Mrs Shobhnaben T Desai	06/11/2009	Acq	200	0.00	2800	0.05	#
530723	Asit C Mehta Financial Services Ltd	Thakorbhai N Desai	06/11/2009	Acq	151	0.00	5500	0.11	#
511628	Brescon Corporate Advisors Ltd	Pinky Exhibitors Pvt Ltd	--	Sale	8700	0.10	499993		#
502137	Deccan Cements Ltd	Alisha Kirpalani	04/11/2009	Acq	300		5514		#
502137	Deccan Cements Ltd	Ricky Kirpalani	04/11/2009	Acq	2000		217156		#
502137	Deccan Cements Ltd	Ricky Kirpalani, Alisha Kirpalani & PACs	04/11/2009	Acq	2300		981766		#
532312	Geometric Ltd	Godrej Investments Pvt Ltd (PAC with the promoter i.e Godrej and Boyce mfg.co.Ltd.)	10/11/2009	Acq	24000	0.04	6586655	10.60	#
532312	Geometric Ltd	Godrej Investments Pvt Ltd (PAC with the promoter i.e Godrej and Boyce mfg.co.Ltd.)	10/11/2009	Acq	24000	0.04	6586655	10.60	*
509567	Goa Carbon Ltd	Shrinivas V Dempo	06/11/2009	Acq	1000	0.01	174852	1.91	*
515147	Haldyn Glass Gujarat Ltd	Gujarat Industrial Investment Corporation Ltd	10/11/2009	Sale	678	0.01	582844	10.82	#
515147	Haldyn Glass Gujarat Ltd	Gujarat Industrial Investment Corporation Ltd	10/11/2009	Sale	678	0.01	582844	10.82	*
515147	Haldyn Glass Gujarat Ltd	Gujarat Industrial Investment Corporation Ltd	11/11/2009	Sale	2600	0.04	580244	10.77	*
505726	IFB Industries Ltd	Divine Commotrade Pvt Ltd	10/11/2009	Acq	1500000	4.32	1518100	4.37	#
505726	IFB Industries Ltd	IFB Pvt Ltd	10/11/2009	Acq	2000000	5.72	2138995	6.15	#
505726	IFB Industries Ltd	Midelec Marketing Pvt Ltd	10/11/2009	Acq	1500000	4.32	1500000	4.32	#
531892	Khandwala Securities Ltd	Bentley Investments Pvt Ltd	03/11/2009	Acq	4700	0.04	1070099	8.96	#
531892	Khandwala Securities Ltd	Bentley Investments Pvt Ltd	03/11/2009	Acq	4700	0.04	1070099	8.96	*
531892	Khandwala Securities Ltd	Bentley Investments Pvt Ltd	04/11/2009	Acq	969	0.01	1071068	8.97	#
531892	Khandwala Securities Ltd	Bentley Investments Pvt Ltd	04/11/2009	Acq	969	0.01	1071068	8.97	*
531602	Koffee Break Pictures Ltd	Mrs Nalini Gada	31/10/2009	Acq	750000	0.99	5000000	5.74	*
531602	Koffee Break Pictures Ltd	Mrs Nalini N Gada	31/10/2009	Acq	750000	0.99	5000000		#
500260	Madras Cements Ltd	Platinum Investment Mgmt Ltd	09/11/2009	Acq	1100000	0.46	12703701	5.34	*
504392	Multifarious Trading & Agencies Ltd	Manmohan Saravgi	03/10/2009	Acq	2500	5.00	2500	5.00	*
504392	Multifarious Trading & Agencies Ltd	Brijesh Dubey	24/10/2009	Acq	2500	5.00	2500	5.00	*
531496	Omkar Overseas Ltd	Varsha Agarwal	04/11/2009	Sale	50579	1.01	49421	0.99	#
531496	Omkar Overseas Ltd	Varsha Agarwal	04/11/2009	Sale	50579	1.01	49421	0.99	*
531496	Omkar Overseas Ltd	Shashi Agarwal	05/11/2009	Sale	590	0.01	69410	1.39	#
531496	Omkar Overseas Ltd	Shashi Agarwal	05/11/2009	Sale	590	0.01	69410	1.39	*
531496	Omkar Overseas Ltd	Varsha Agarwal	05/11/2009	Sale	49421	0.99	0	0.00	#
531496	Omkar Overseas Ltd	Varsha Agarwal	05/11/2009	Sale	49421	0.99	0	0.00	*
517556	PVP Ventures Ltd	Citigroup Global Mkt (Mauritius) Pvt Ltd	06/11/2009	Acq	498000	0.21	12009537	5.18	#
500355	Rallis India Ltd	Tata Chemicals Ltd	09/11/2009	Acq	980000	4.09	6489441	50.06	#
500295	Sesa Goa Ltd	FTIF Templeton Asia Growth Fund	11/11/2009	Acq	1865930	0.23	58857509	7.17	#
513530	Stelco Strips Ltd	Bharat Bhushan Karta (Bharat Bhushan HUF)	03/11/2009	Acq	294400	3.30	629400	7.00	#
513530	Stelco Strips Ltd	Om Parkash Jindal	03/11/2009	Sale	109000	1.20	0	0.00	#
513530	Stelco Strips Ltd	Om Parkash Karta (Om Parkash HUF)	03/11/2009	Sale	185400	2.10	0	0.00	#
507892	Su-Raj Diamonds & Jewellery Ltd	Prime India Investment Fund Ltd	--	Acq	5700000	9.21			*
531544	Vertex Spinning Ltd	Mrs Anju Mandar Viyala	05/11/2009	Sale	2000	0.00	1879949	0.95	*

RESEARCH REPORTS

>INSIDER TRADING 19-11-09(Big buys in Amtek auto & Amtek india)

Morgan stanley sold Indiabulls Financial services Amtek auto and Amtek indian bought
by diffrent entities

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
533029	Alkali Metals Ltd	Dr Yvss Murty	10/11/2009	S	65909		5509855	54.11
531728	Amrit Banaspati Company Ltd	Bhupendra G Sanghavi & PACs	03/11/2009	B	530	0.00	368677
531728	Amrit Banaspati Company Ltd	Bhupendra G Sanghavi HUF	03/11/2009	B	530	0.00	42675
520077	Amtek Auto Ltd	Aisa International Pvt Ltd	05/11/2009	B	1875000	1.22	3510000
520077	Amtek Auto Ltd	Amtek Laboratories Ltd	05/11/2009	B	1875000	1.22	8466000
520077	Amtek Auto Ltd	Forbes Builders Pvt Ltd	05/11/2009	B	1875000	1.22	9157000
520077	Amtek Auto Ltd	Kings Footwear (I) Pvt Ltd	05/11/2009	B	100000	0.06	3151000
520077	Amtek Auto Ltd	SPT Infotech Pvt Ltd	05/11/2009	B	1875000	1.22	7085095
532282	Amtek India Ltd	Amtek Pharmaceuticals Ltd	05/11/2009	B	1475000	1.25	10507000	8.90
532282	Amtek India Ltd	Amtek Technologies & Solutions Ltd	05/11/2009	B	1475000	1.25	11742400	9.95
532282	Amtek India Ltd	Amtek Telefilms Ltd	05/11/2009	B	1475000	1.25	11900000	10.08
532282	Amtek India Ltd	Bawa Pharmaceuticals Pvt Ltd	05/11/2009	B	1475000	1.25	10361310	8.78
532929	Brigade Enterprises Ltd	Amar Mysore	09/11/2009	B	3476		1339460
532929	Brigade Enterprises Ltd	Amar Mysore	10/11/2009	B	2600		1342060
532929	Brigade Enterprises Ltd	M R Shivram	09/11/2009	B	7500		1774260
532929	Brigade Enterprises Ltd	M R Shivram	10/11/2009	B	23010		1797270
532929	Brigade Enterprises Ltd	M R Shivram	11/11/2009	B	2000		1799270
500096	Dabur India Ltd	Ambati Sudhakar	12/11/2009	S	3000		167397	0.01
500096	Dabur India Ltd	Ambati Sudhakar	13/11/2009	S	3000		164397	0.01
500096	Dabur India Ltd	Ashok Kumar Jain	11/11/2009	S	7000		22598	0.00
500096	Dabur India Ltd	Devendra Garg	12/11/2009	S	2900		376068	0.04
500096	Dabur India Ltd	Devendra Garg	13/11/2009	S	2900		373168	0.04
532312	Geometric Ltd	Godrej Investments Pvt Ltd	11/11/2009	B	9000	0.01	6595655	10.61
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	06/11/2009	B	3200		1344368	1.04
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	06/11/2009	B	6800		1341168	1.04
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	09/11/2009	B	4127		1354368	1.05
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	09/11/2009	B	5873		1350241	1.05
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	11/11/2009	B	3000		1364368	1.06
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	11/11/2009	B	7000		1361368	1.06
532855	Haryana Capfin Ltd	Stable Trading Co Ltd	09/11/2009	B	135965	2.61	779590	14.97
509631	HEG Ltd	Purvi Vanijya Niyojan Ltd	11/11/2009	B	1745350	4.25	1745350	4.25
532544	Indiabulls Financial Services Ltd	Morgan Stanley Mauritius Co Ltd & PAC	04/11/2009	S	1514733	0.49	18937825	6.11
500257	Lupin Ltd	Sushilkumar Kumra	11/11/2009	S	500		7800	0.00
500257	Lupin Ltd	Udayan S Ambegaokar	11/11/2009	B	350		6135	0.00
521018	Maral Overseas Ltd	Agarwal Trademart Pvt Ltd	09/11/2009	B	19750000	47.58	19760000
532629	McNally Bharat Engineering Company Ltd	Dibakar Chatterjee	09/11/2009	S	1000	0.03	0	0.00
501343	Motor & General Finance Ltd	Ram Prakash & Co Pvt Ltd	09/11/2009	B	453	0.00	506022	2.61
532234	National Aluminium Company Ltd	Ansuman Das	--
532827	Page Industries Ltd	Nari Genomal	11/11/2009	S	3254		2330979	20.89
532827	Page Industries Ltd	Ramesh Genomal	11/11/2009	S	3052		2326767	20.86
532827	Page Industries Ltd	Sunder Genomal	11/11/2009	S	2923		2326790	20.86
500354	Rajshree Sugars & Chemicals Ltd	Rajshree Pathy	09/11/2009	B	400		7120358	31.38
520008	Rico Auto Industries Ltd	Reliance Tax Saver (ELSS) Fund (Schemes of Reliance Mutual Fund)	04/11/2009	S	128500	0.10	6667331	5.30
532404	Saven Technologies Ltd	Murty Gudipati	03/11/2009	B	1430		182120	1.67
532404	Saven Technologies Ltd	Murty Gudipati	04/11/2009	B	6153		188273	1.73
532404	Saven Technologies Ltd	Murty Gudipati	05/11/2009	B	2205		190478	1.75
532404	Saven Technologies Ltd	Murty Gudipati	06/11/2009	B	4008		194486	1.79
532404	Saven Technologies Ltd	Murty Gudipati	28/10/2009	B	9982		174241	1.60
532404	Saven Technologies Ltd	Murty Gudipati	29/10/2009	B	3500		177741	1.63
532404	Saven Technologies Ltd	Murty Gudipati	30/10/2009	B	2949		180690	1.66
526981	Shri Bajrang Alloys Ltd	Anand Goel	09/11/2009 - 10/11/2009				197485	2.19
532498	Shriram City Union Finance Ltd	Bessemer Venture Partners Trust	11/11/2009	B	1250000	2.44	2500000	5.17
532498	Shriram City Union Finance Ltd	Van Gogh Ltd	09/11/2009	B	662500	1.40	6625000
532509	Suprajit Engineering Ltd	K Ajith Kumar Rai	06/11/2009	B	5702		4460398	37.16
531703	Tribhuvan Housing Ltd	C R Rajesh Nair	10/11/2009	S	43092	0.43	2096572	20.94

533029	Alkali Metals Ltd	Dr. YVSS Murty	03/11/2009 - 10/11/2009	Sale	259111	2.54	5509857	54.11	#
531728	Amrit Banaspati Company Ltd	Bhupendra G Sanghavi & PACs	03/11/2009	Acq	530	0.00	368677	5.00	#
520077	Amtek Auto Ltd	Aisa International Pvt Ltd & Others	05/11/2009	Acq	7600000	4.95	31369095	20.43	#
532282	Amtek India Ltd	Amtek Telefilms Ltd & Others	05/11/2009	Acq	5900000	5.00	44510710	37.70	#
521131	Anjani Fabrics Ltd	Radheshyam Tilokchand Agarwal	24/11/2009	Acq	794792	8.37	1647358	17.34	@
532813	C & C Constructions Ltd	Oriental Structural Engineers Pvt Ltd & PACs	11/11/2009	Acq	2275	0.01	912999	5.00	*
532312	Geometric Ltd	Godrej Investments Pvt Ltd (PAC with the promoter i.e Godrej and Boyce mfg.co.Ltd.)	11/11/2009	Acq	9000	0.01	6595655	10.61	#
532312	Geometric Ltd	Godrej Investments Pvt Ltd (PAC with the promoter i.e Godrej and Boyce mfg.co.Ltd.)	11/11/2009	Acq	9000	0.01	6595655	10.61	*
515147	Haldyn Glass Gujarat Ltd	Gujarat Industrial Investment Corporation Ltd	12/11/2009	Sale	561	0.01	579683	10.76	*
509631	HEG Ltd	Purvi Vanijya Niyojan Ltd	11/11/2009	Acq	1745350	4.25	1745350	4.25	#
509631	HEG Ltd	Purvi Vanijya Niyojan Ltd	11/11/2009	Acq	1745350	4.25	1745350	4.25	*
505283	Kirloskar Pneumatic Company Ltd	Atul C Kirloskar	24/11/2009	Acq	36810	0.29	439330	3.42	@
505283	Kirloskar Pneumatic Company Ltd	Gautam A Kulkarni	24/11/2009	Acq	36810	0.29	460522	3.59	@
505283	Kirloskar Pneumatic Company Ltd	Rahul C Kirloskar	24/11/2009	Acq	36810	0.29	440579	3.43	@
521018	Maral Overseas Ltd	Agarwal Trademart Pvt Ltd	09/11/2009	Acq	19750000	47.58	19760000	47.61	*
521018	Maral Overseas Ltd	Agarwal Trademart Pvt Ltd & PACs	09/11/2009	Acq	19750000	47.58	31113239		#
521018	Maral Overseas Ltd	Agarwal Trademart Pvt Ltd & PACs	09/11/2009	Acq	19750000	47.58	31113239		*
501343	Motor & General Finance Ltd	Ram Prakash & Co Pvt Ltd	09/11/2009	Acq	453	0.00	506022	2.61	#
590051	Saksoft Ltd	Aditya Krishna	11/11/2009	Acq	453	0.00	3635471	35.85	#
532498	Shriram City Union Finance Ltd	Van Gogh Ltd	09/11/2009	Acq	662500	1.40	6625000		#
532498	Shriram City Union Finance Ltd	Van Gogh Ltd	09/11/2009	Acq	662500	1.40	6625000		*
532498	Shriram City Union Finance Ltd	Bessemer Venture Partners Trust	11/11/2009	Acq	1250000	2.44	2500000	5.17	#
531703	Tribhuvan Housing Ltd	C R Rajesh Nair & PAC	10/11/2009	Sale	43092	0.43	3574423	35.69	#
531703	Tribhuvan Housing Ltd	C R Rajesh Nair & PAC	10/11/2009	Sale	43092	0.43	3574423	35.69	*

RESEARCH REPORTS