>INSIDER TRADING 21-01-2009

532056 Adinath Exim Resources Ltd. Mr. Manoj Savla (HUF) 31/10/2008 B 700 700 0.01 532799 Akruti City Ltd. Mahipatray V. Shah - HUF. 15/01/2009 S 400000 0.59 8835000 13.24 532828 AMD Industries Ltd Harswarup Gupta. 15/01/2009 B 23434 2020601 10.54 532828 AMD Industries Ltd Harswarup Gupta 20/01/2009 B 1900 2023886 10.55 531881 Arvind Chemicals ltd. Ruchika Tradelink Pvt Ltd & Others. 12/01/2009 - 13/01/2009 B 189073 0.00 6044185 30.52 522261 Dolphin Offshore Enterprises (India) ltd. Dolphin Offshore Projects Ltd 19/01/2009 - 20/01/2009 B 5851 0.06 1733380 18.12 500134 Essar Oil Ltd. Teletech Investments (India) Ltd. 16/01/2009 B 67000000 5.58 95640916 7.96 500134 Essar Oil Ltd. Essar Investments Ltd. 16/01/2009 S 67000000 5.58 11515221 0.96 526227 Filatex India Ltd. Nouvelle Securities Pvt Ltd 16/01/2009 - 19/01/2009 B 1076 0.01 357947 2.09 532754 GMR Infrastructure Limited GMR Holdings Pvt Ltd. 13/01/2009 B 217000 0.01 1349428710 74.11 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani. 16/01/2009 B 1 259168 7.40 513269 Man Industries (India) Ltd Nikhil Mansukhani 12/01/2009 B 2420 792176 1.48 513269 Man Industries (India) Ltd Nikhil Mansukhani 13/01/2009 B 3497 795673 1.49 513269 Man Industries (India) Ltd Nikhil Mansukhani 14/01/2009 B 267 795940 1.49 513269 Man Industries (India) Ltd Nikhil Mansukhani 15/01/2009 B 8597 804537 1.50 532907 Maytas Infra Limited SICOM Ltd. -- B 4102565 6.97 4102565 6.97 532907 Maytas Infra Limited IFCI Ltd. -- B 10250000 17.42 10250000 17.42 532907 Maytas Infra Limited B. Rama Raju (Sr.) -- S 1582565 2.69 3560535 6.05 532907 Maytas Infra Limited Fincity Investments Pvt. Ltd. -- S 5000000 8.50 250000 0.42 532907 Maytas Infra Limited Elem Investments Pvt. Ltd. -- S 5250000 8.92 -- 531146 Medicamen Biotech Ltd. Sh. Ashutosh Gupta. 26/11/2008 - 13/01/2009 B 27946 262523 3.39 532865 Meghmani Organics Ltd. Kaushal A Soparkar. -- B 8300 -- 532865 Meghmani Organics Ltd. Sandhya Maulik Patel. -- B 41215 -- 532921 Mundra Port and Special Economic Zone Limited Malay Ramesh Mahadevia. 13/01/2009 S 18000 176893 0.04 532921 Mundra Port and Special Economic Zone Limited Malay Rameshchandra Mahadevia HUF. 16/01/2009 S 25096 14904 0.00 523391 Nahar Investment and Holding Ltd Dinesh Oswal. 13/01/2009 B 18609 105273 0.43 523391 Nahar Investment and Holding Ltd Dinesh Oswal. 10/01/2009 B 5114 86664 0.35 530695 Prime Property Development Corporation Ltd. Padamshi L. Soni. 15/01/2009 B 2330 8994771 44.97 530695 Prime Property Development Corporation Ltd. Padamshi L. Soni. 16/01/2009 B 2860 8997631 44.99 532647 Provogue (India) Ltd. OTC Fund 13/01/2009 S 749100 0.73 3607942 3.53 526753 Roselabs Ltd Singhal Overseas Ltd -- S 100000 1135933 9.99 526496 Rubber Products Ltd. Sucharita Ramkrishna Hegde. 14/01/2009 B 26024 173785 4.25 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M Doshi. 16/01/2009 B 1 1033985 20.66 532643 Shree Ganesh Forgings Ltd. Namha Deepak Sekhri. -- B 20000 840217 6.72 500148 Uflex Limited Anant Overseas Pvt Ltd. 19/01/2009 - 20/01/2009 B 914 27754744 526879 UT Ltd. Smt. Vandana Khaitan. 09/01/2009 - 12/01/2009 B 5000 173790 2.85

B - Buy

S - Sale

RESEARCH REPORTS

>INSIDER TRADING 20-01-2009

523377 Apar Industries Ltd Dr. N. D. Desai. 12/01/2009 B 14616 6472486 20.01 523377 Apar Industries Ltd Shri. Kushal N. Desai. 12/01/2009 B 15000 6424729 19.86 523377 Apar Industries Ltd Shri. C. N. Desai. 12/01/2009 B 10983 6340932 19.60 532548 Century Plyboards (India) Ltd. Brij Bhushan Agarwal 14/01/2009 S 79500 0.04 8035159 530871 Chembond Chemicals Ltd. Visan Holdings & Financial Ser Pvt Ltd. 14/01/2009 B 901 129152 512018 CNI Research Ltd Shreenath Finstock Pvt Ltd. 15/01/2009 - 16/01/2009 B 92706 0.30 3393357 11.09 523890 D.S.Kulkarni Developers Ltd Hemanti D. Kulkarni. 15/01/2009 B 818107 3.17 4773130 18.50 523890 D.S.Kulkarni Developers Ltd Anuradha Ramchandra Purandare. 15/01/2009 S 352636 1.37 215 0.00 522261 Dolphin Offshore Enterprises (India) ltd. Dolphin Offshore Projects Ltd 15/01/2009 B 2172 0.02 1724438 18.03 522261 Dolphin Offshore Enterprises (India) ltd. Dolphin Offshore Projects Ltd 16/01/2009 B 3091 0.03 1727529 18.06 532322 Elder Pharmaceuticals Ltd Semit Pharmaceuticals & Chemicals P Ltd. 26/12/2008 - 13/01/2009 B 197 1811136 9.60 532768 FIEM INDUSTRIES LIMITED Seema Jain 19/01/2009 B 51050 1521866 12.72 532296 Glenmark Pharmaceuticals ltd Mrs. Cherylann Maria Pinto. 12/01/2009 B 2000 675300 0.27 532015 Gravity (India) Ltd. Smt. Dakshaben R. Thakkar. 12/01/2009 B 15000 0.17 70524 0.78 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 15/01/2009 B 25000 0.05 2164152 4.60 532741 Kamdhenu Ispat Limited Kamdhenu Overseas Ltd. 14/01/2009 B 17145 0.09 2280499 12.00 531882 Kwality Dairy (India) Ltd. Mr.Gulshan Kumar 07/01/2009 S 15000 4975000 27.34 513269 Man Industries (India) Ltd Nikhil Mansukhani 16/01/2009 B 6861 811398 1.52 517140 Moser-Baer (India) Ltd., HSBC Global Investment Funds (M) Ltd. 31/12/2008 B 250000 0.14 8664000 5.14 500302 Piramal Healthcare Ltd Vijay Sathye. 14/01/2009 B 3250 53640 0.02 516003 Sarda Plywood Industries Ltd., Cuckoo Fiscal Services Ltd. 16/01/2009 B 440000 10.78 440000 10.78 524542 Sukhjit Starch & Chemicals Ltd. Shri I K Sardana 12/01/2009 - 14/01/2009 B 3361 363956 4.93 524542 Sukhjit Starch & Chemicals Ltd. K K Sardana 13/01/2009 B 10 377149 5.11 533033 The Saraswati Industrial Syndicate Limited Mr. Aditya Puri. 14/01/2009 B 6058 428258 5.81 511147 Wall Street Finance Ltd. Mr. Areef A. Patel. 15/01/2009 B 15000 0.13 140800 1.21 511147 Wall Street Finance Ltd. Mr. Areef A. Patel. 16/01/2009 B 9200 0.08 150000 1.29 507817 Wires & Fabriks (SA) Ltd., W & F Securities Pvt Ltd. 15/01/2009 B 13750 0.45 1559606 51.03 507817 Wires & Fabriks (SA) Ltd., W & F Securities Pvt Ltd. 16/01/2009 B 8300 0.27 1567906 51.30

B - Buy

S - Sale

RESEARCH REPORTS

>INSIDER TRADING 19-01-2009

524208 Aarti Industries Ltd Hetal Gogri Gala 30/06/2007 S 100000 2393996 3.29 532828 AMD Industries Ltd Harswarup Gupta 13/01/2009 B 6590 1996762 10.41 500039 Banco Products (India) Ltd., Mehul K Patel 16/01/2009 B 3610 4251198 5.98 511698 Bhagyashree Leasing & Finance Ltd. Kewalkumar K. Jain. 21/06/2008 B 90000 2.57 228000 6.51 511698 Bhagyashree Leasing & Finance Ltd. Kewalkumar K. Jain. 08/09/2008 B 142000 4.06 370000 10.57 511698 Bhagyashree Leasing & Finance Ltd. Kewalkumar K. Jain. 15/09/2008 B 200000 5.71 570000 16.29 511698 Bhagyashree Leasing & Finance Ltd. Manish V. Jain. 08/09/2008 B 46000 1.31 189750 5.42 511698 Bhagyashree Leasing & Finance Ltd. Rajas V. Jain 15/09/2008 B 100000 2.86 189750 5.42 511698 Bhagyashree Leasing & Finance Ltd. Ranjana I. Jain. 26/03/2008 B 145000 4.14 233000 6.66 511698 Bhagyashree Leasing & Finance Ltd. Ranjana I. Jain. 21/06/2008 B 40000 1.14 324100 9.26 511698 Bhagyashree Leasing & Finance Ltd. Ranjana I. Jain. 08/09/2008 B 142000 4.06 466100 13.32 511698 Bhagyashree Leasing & Finance Ltd. Vimalkumar K. Jain. 18/04/2008 B 200000 5.71 288000 8.23 511698 Bhagyashree Leasing & Finance Ltd. Vimalkumar K. Jain. 08/09/2008 B 142000 4.06 470000 13.43 511698 Bhagyashree Leasing & Finance Ltd. Vimalkumar K. Jain. 15/09/2008 B 100000 2.86 570000 16.29 532813 C & C Constructions Ltd. Rajbir Singh 06/01/2009 - 12/01/2009 B 17393 2550608 13.96 532548 Century Plyboards (India) Ltd. Brij Bhushan Agarwal (Revised) 02/01/2009 S 71500 0.03 8236159 532548 Century Plyboards (India) Ltd. Brij Bhushan Agarwal (Revised) 06/01/2009 S 51000 0.02 8185159 532548 Century Plyboards (India) Ltd. Brij Bhushan Agarwal (Revised) 12/01/2009 S 70500 0.03 8114659 531923 Dhampure Speciality Sugars Ltd. Mr.Sorabh Gupta -- B 5000 1905718 26.61 526227 Filatex India Ltd. Nouvelle Securities Pvt Ltd 15/01/2009 B 6000 0.04 356871 2.08 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 13/01/2009 B 45500 0.10 2139152 4.55 532747 Kingfisher Airlines Limited Deccan Emerging Business Ventures Pvt. L 09/01/2009 S 200000 1302363 0.49 532942 KNR Constructions Limited K. Narasimha Reddy 15/01/2009 - 16/01/2009 B 15884 9604678 34.15 500249 KSB Pumps Limited. Paharpur Cooling Towers Ltd 18/11/2008 - 31/12/2008 B 15225 0.08 689225 3.95 501343 Motor & General Finance (M.G.F.) Lt MGF Services Ltd. -- B 15000 0.07 425695 2.19 530695 Prime Property Development Corporation Ltd. Padamshi L Soni 12/01/2009 - 14/01/2009 B 7674 8992441 44.96 526407 Ritesh Properties & Industries Ltd Sanjeev Arora 14/01/2009 - 15/01/2009 S 3500 1798337 15.51 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M Doshi 14/01/2009 B 102 1033984 20.66 511413 Sharyans Resourses Ltd. Zainab Wahedna 13/01/2009 B 15000 0.10 765000 5.14 532793 Shree Ashtavinayak Cine Vision Ltd Dahlia Traders Pvt Ltd 15/01/2009 S 1000 0.01 3444627 32.87 532793 Shree Ashtavinayak Cine Vision Ltd Dahlia Traders Pvt Ltd 14/01/2009 S 1000 0.01 3445627 32.88 532833 SPARSH BPO SERVICES LIMITED Mr. Kapil Puri 14/01/2009 B 1426 0.01 1196794 7.41 517214 Spice Mobiles Ltd Mr. Krishan Lal Chugh 14/01/2009 - 15/01/2009 S 20337 47466 0.06 532348 Subex Ltd Sudeesh Yezhuvath 12/01/2009 B 16900 365893 1.04 533033 The Saraswati Industrial Syndicate Limited Mr.Aditya Puri 12/12/2008 - 13/01/2009 B 15928 422200 5.72 500148 Uflex Limited Apoorva Extrusion Pvt&Anant Overseas Pvt 12/01/2009 - 13/01/2009 B 8000 27747330 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly 09/01/2009 B 11388 6570422 22.01

B - Buy

S - Sale

RESEARCH REPORTS

>Technical Analysis Bharti Airtel

Bharti airtel leader in GSM services in INDIA .
This is one blue chip which is darling of Fii's and institutional investors
also this is one index stock which is least affected in on going
correction.
Technically stock looks ripe for a corrective bounceIts in a falling channel since October 2007 which was violated briefly in October 2008
before recovering smartly and bouncing back into the channel 580 remains a good
support and 700+ levels remain resistance a good trading opportunity for
traders.

Check what research houses say about Bharti BHARTI HSBC

Regards
Rish



RESEARCH REPORTS