>Nifty elliottwave count

Nifty after a steep run from 5350 pausing a bit at present levels
A kind of correction is underway wave wise we could be doing something
the way those arrows show in the attached chart .This count is valid till 5950
is not taken out on closing basis.Vix is rising effect is visible with nifty getting more volatile
and range has increased .Overall nifty may take a breather and midcaps can start buzzing.
Steel sector continues to buzz as commodity metal index continues its rise.

RESEARCH REPORTS

>INSIDER TRADING 17-09-10

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
532762	Action Construction Equipment Ltd	Vijay Agarwal	02/08/2010	B	84274		30023524	33.40	#
507852	Addi Industries Ltd	Chaman Lal Jain	13/08/2010	B	39000		1689818	15.65	*
507852	Addi Industries Ltd	Chaman Lal Jain	13/08/2010	B	39000		1689818	15.65	#
507852	Addi Industries Ltd	Urmila Jain	13/08/2010	B	153900		3714493	34.40	*
507852	Addi Industries Ltd	Urmila Jain	13/08/2010	B	153900		3714493	34.40	#
511589	Almondz Capital & Management Services Ltd	Harjit Singh Sethi	--						#
533011	Coral Hub Ltd	Dilipkumar Parekh	06/08/2010	B	400000				*
532696	Educomp Solutions Ltd	Wellington Management Company, LLP	11/08/2010	B	254566	0.27	9682597	10.14	#
505200	Eicher Motors Ltd	Rajinder Sachdeva	02/08/2010 - 03/08/2010	S	1099		2500		#
505200	Eicher Motors Ltd	Rajinder Sachdeva	27/07/2010 - 28/07/2010	S	2201		4499		#
505200	Eicher Motors Ltd	Rajinder Sachdeva	29/07/2010	S	900		3599		#
506480	Gulf Oil Corporation Ltd	Aasia Management & Consultancy Pvt Ltd	12/08/2010 - 13/08/2010	S	1100000	1.47	6418660	8.63	#
509073	Hathway Bhawani Cabletel & Datacom Ltd	Kuldeep Puri	23/06/2010 - 11/08/2010	B	53498		311560	3.89	*
509073	Hathway Bhawani Cabletel & Datacom Ltd	Milind Dattatray Karnik	11/08/2010	B	20000		50279	0.62	#
509073	Hathway Bhawani Cabletel & Datacom Ltd	Milind Dattatray Karnik	11/08/2010	B	20000		50279	0.62	*
500010	Housing Development Finance Corporation Ltd	K M Mistry	06/08/2010 - 09/08/2010	S	16500				#
500010	Housing Development Finance Corporation Ltd	K M Mistry	10/08/2010	B	28000		86500	0.03	#
532658	Indo Asian Fusegear Ltd	PKR Hitech Industrial Corporation LLP	11/08/2010	B	32500	0.20	2403067	14.92	#
532658	Indo Asian Fusegear Ltd	VPM Industrial Services Corporation LLP	11/08/2010	S	32500	0.20	2457806	15.26	#
500875	ITC Ltd	B B Chatterjee	06/08/2010	S	1000		112590	0.00	#
500875	ITC Ltd	B B Chatterjee	09/08/2010	S	1000		111590	0.00	#
500245	Kirloskar Ferrous Industries Ltd	Prakar Investments Pvt Ltd	11/08/2010 - 12/08/2010	S	6000	0.00	155272	0.11	#
530059	Maharaja Shree Umaid Mills Ltd	Lakshmi Niwas Bangur	12/08/2010	S	37500		602160	6.97	#
530059	Maharaja Shree Umaid Mills Ltd	Lakshmi Niwas Bangur	13/08/2010	S	2500		599660	6.94	*
530059	Maharaja Shree Umaid Mills Ltd	Lakshmi Niwas Bangur	13/08/2010	S	50000		752800	8.71	*
530059	Maharaja Shree Umaid Mills Ltd	Yogesh Bangur	11/08/2010	S	5300		594700	6.88	#
532720	Mahindra & Mahindra Financial Services Ltd	Franklin Templeton Mutual Fund (through its various schemes)	10/08/2010	S	372229	0.38	2808658	2.90	#
501343	Motor & General Finance Ltd	Ram Prakash & Co (P) Ltd	13/08/2010	B	783	0.00	515265	2.66	#
532553	MSK Projects (India) Ltd	Welspun Infratech Ltd	09/08/2010 - 11/08/2010	B	768789	1.92	19696100	49.24	#
532864	Nelcast Ltd	P Vijaya Bhaskar Reddy	09/08/2010	B	10000		160000	0.92	#
532864	Nelcast Ltd	P Vijaya Bhaskar Reddy	09/08/2010 - 10/08/2010	B	25000		136064	0.78	#
511551	Networth Stock Broking Ltd	S P Jain	10/08/2010	B	25000		3267262	29.09	*
523307	Panasonic Home Appliances India Company Ltd	Pacific Corporate Services Ltd	03/08/2010	B	17000	0.21	860000	10.04	#
523307	Panasonic Home Appliances India Company Ltd	Pacific Corporate Services Ltd	23/07/2010	B	20000		843000	9.83	#
532693	Punj Lloyd Ltd	Reliance Natural Resources Fund & Reliance Regular Saving Fund - Equity Option of Reliance Mutual Fund	11/08/2010	S	354000	0.10	10289420	3.09	#
500330	Raymond Ltd	HDFC Equity Fund	13/08/2010	B	1050000	1.71	2100000	3.42	#
500330	Raymond Ltd	HDFC Prudence Fund	13/08/2010	B	450000	0.73	616251	1.00	#
532699	Royal Orchid Hotels Ltd	C K Baljee	22/07/2010	S	1086848		11893898	43.67	#
505075	Setco Automotive Ltd	Harish Sheth	04/08/2010	S	240000		156505	1.77	#
505075	Setco Automotive Ltd	Udit Sheth	04/08/2010	B	240000		587800	6.66	#
532411	Visesh Infotecnics Ltd	Seema Aggarwal	04/08/2010	S	785009				#

RESEARCH REPORTS

>INSIDER TRADING 16-09-10

Scrip Code	Company	Name of Acquirer / Seller	Transaction Date	Buy /Sale	No.of Shares Transacted		Holding after Transaction
					Quantity	%	Quantity	%
531678	Anand Credit Ltd	Hemendrabhai L Shah	13/08/2010	S	72385		208471	3.47	#
532690	Ramsarup Industries Ltd	Ashish Jhunjhunwala	10/08/2010	S	302000		3657000	10.43	*
532690	Ramsarup Industries Ltd	Ashish Jhunjhunwala	11/08/2010	S	48000		3609000	10.29	*

RESEARCH REPORTS

>Nifty impulse

From 5350 low nifty is probably in an impulse
with 3rd wave extended ,and should end near 5915-50
After which a sharp 150,200 point is expected.The above chart shows the wave structure.
RESEARCH REPORTS