Back Test Report Since May 2004 till Aug 2009

Symbols	Trade	Buy Date	Buy Price	Exit date	Exit Price	% chg	Profit/Loss	% P/L	Shares	Position value	Cum. Profit
CANBK	Long	08-Apr-04	154.05	21-May-04	137.850	-10.52%	-133666.20	-10.52%	8251	1271066.58	7292951.86
RELCAPITAL	Long	08-Apr-04	158.50	21-May-04	137.550	-13.22%	-167998.05	-13.22%	8019	1271011.50	7124953.81
CROMPGREAV	Long	08-Apr-04	12.43	28-May-04	10.674	-14.13%	-179638.07	-14.13%	102253	1271086.54	6945315.74
SHREECEM	Long	12-Mar-04	141.70	18-Jun-04	149.000	5.15%	62539.10	5.15%	8567	1213943.87	7007854.84
ALBK	Long	08-Apr-04	33.45	25-Jun-04	31.400	-6.13%	-77897.95	-6.13%	37999	1271066.58	6929956.89
TATACHEM	Long	04-Jun-04	130.25	25-Jun-04	116.150	-10.83%	-123755.70	-10.83%	8777	1143204.25	6806201.19
GODREJIND	Long	18-Jun-04	7.90	09-Jul-04	7.272	-7.90%	-5397.60	-7.90%	8650	68300.40	6800803.59
MAX	Long	04-Jun-04	28.68	24-Sep-04	27.472	-4.21%	-48152.09	-4.21%	39861	1143213.42	6752651.51
BRITANNIA	Long	09-Jul-04	79.80	21-Oct-04	82.374	3.23%	35807.03	3.23%	13883	1107796.82	6788458.54
UCOBANK	Long	21-Oct-04	19.15	05-Nov-04	19.100	-0.26%	-3383.60	-0.26%	67672	1295918.77	6785074.94
HCLTECH	Long	28-May-04	119.64	17-Dec-04	141.940	18.64%	223156.10	18.64%	10007	1197237.47	7008231.04
WIPRO	Long	04-Jun-04	96.31	20-Jan-05	129.533	34.50%	394349.89	34.50%	11870	1143204.47	7402580.93
HINDPETRO	Long	24-Sep-04	256.56	28-Jan-05	278.920	8.72%	108781.40	8.72%	4865	1248164.39	7511362.33
CADILAHC	Long	11-Feb-05	152.87	18-Feb-05	155.145	1.49%	22027.08	1.49%	9661	1476828.67	7533389.41
HINDPETRO	Long	18-Feb-05	282.04	25-Feb-05	275.120	-2.45%	-37374.92	-2.45%	5401	1523297.92	7496014.49
NTPC	Long	25-Feb-05	92.50	15-Apr-05	84.000	-9.19%	-136765.00	-9.19%	16090	1488325.00	7359249.49
INFY	Long	02-Jul-04	711.68	22-Apr-05	999.625	40.46%	447186.35	40.46%	1553	1105231.26	7806435.84
ULTRACEMCO	Long	17-Dec-04	244.12	29-Apr-05	267.320	9.50%	130685.60	9.50%	5633	1375127.93	7937121.44
EICHERMOT	Long	05-Nov-04	180.76	24-Jun-05	245.440	35.78%	454765.08	35.78%	7031	1270923.52	8391886.52
BERGEPAINT	Long	09-Jul-04	12.87	07-Oct-05	31.600	145.44%	1273303.71	145.44%	67999	875464.43	9665190.23
RELCAPITAL	Long	04-Feb-05	146.00	07-Oct-05	375.400	157.12%	2226556.40	157.12%	9706	1417076.00	11891746.63
STAR	Long	15-Apr-05	65.36	21-Oct-05	105.240	61.02%	946113.12	61.02%	23724	1550600.65	12837859.75
CUMMINSIND	Long	07-Oct-05	79.89	21-Oct-05	72.133	-9.71%	-249484.00	-9.71%	32150	2568570.67	12588375.75
ANDHRABANK	Long	14-Oct-05	79.44	21-Oct-05	72.600	-8.61%	-225090.72	-8.61%	32908	2614211.60	12363285.03
HEXAWARE	Long	21-Oct-05	52.03	28-Oct-05	49.300	-5.24%	-128729.00	-5.24%	47240	2457661.07	12234556.03
SRTRANSFIN	Long	25-Jun-04	25.15	11-Nov-05	98.300	290.85%	1043119.00	290.85%	14260	358638.99	13277675.03
MAX	Long	02-Nov-05	94.06	20-Jan-06	96.152	2.22%	43411.61	2.22%	20791	1955684.69	13321086.64
IDBI	Long	20-Jan-06	98.40	27-Jan-06	95.300	-3.15%	-85628.20	-3.15%	27622	2718004.84	13235458.44
HINDPETRO	Long	07-Oct-05	258.64	03-Feb-06	251.160	-2.89%	-74283.88	-2.89%	9931	2568553.68	13161174.56
RALLIS	Long	02-Nov-05	17.11	03-Feb-06	16.279	-4.87%	-37916.55	-4.87%	45529	779092.23	13123258.01
GLAXO	Long	11-Nov-05	948.30	19-May-06	1102.750	16.29%	385816.10	16.29%	2498	2368853.37	13509074.11
BHARATFORG	Long	18-Nov-05	274.24	19-May-06	281.400	2.61%	64203.72	2.61%	8967	2459109.99	13573277.83
SUPREMEIND	Long	27-Jan-06	26.94	26-May-06	32.000	18.76%	314574.21	18.76%	62218	1676401.81	13887852.04
RANBAXY	Long	10-Feb-06	346.44	02-Jun-06	340.520	-1.71%	-45998.40	-1.71%	7770	2691838.82	13841853.64
BAJAJ-AUTO	Long	29-Apr-05	216.54	09-Jun-06	496.960	129.50%	2030240.80	129.50%	7240	1567749.55	15872094.44
HAVELLS	Long	29-Apr-05	3.96	16-Jun-06	12.289	210.36%	3297946.86	210.36%	395931	1567760.09	19170041.30
AMARAJABAT	Long	14-Jul-06	11.72	21-Jul-06	11.846	1.09%	30716.00	1.09%	241478	2829929.01	19200757.30
ULTRACEMCO	Long	14-Jul-06	726.55	21-Jul-06	629.250	-13.39%	-378983.50	-13.39%	3895	2829912.20	18821773.80
DABUR	Long	14-Jul-06	49.03	28-Jul-06	44.650	-8.94%	-252980.08	-8.94%	57714	2829909.99	18568793.71
AMARAJABAT	Long	04-Aug-06	16.40	22-Dec-06	18.002	9.76%	282515.59	9.76%	176484	2894620.29	18851309.30
INGVYSYABK	Long	11-Aug-06	103.76	12-Jan-07	122.800	18.35%	445593.12	18.35%	23403	2428295.15	19296902.42
IGL	Long	19-Jan-07	75.26	25-Jan-07	74.368	-1.19%	-52703.62	-1.19%	58821	4427103.74	19244198.80
INDIACEM	Long	11-Aug-06	188.60	09-Feb-07	206.300	9.38%	275394.30	9.38%	15559	2934427.49	19519593.10
IOB	Long	25-Jan-07	119.80	15-Feb-07	111.650	-6.80%	-309129.50	-6.80%	37930	4544014.12	19210463.60
AIAENG	Long	23-Jun-06	95.92	02-Mar-07	249.300	159.90%	4515353.82	159.90%	29439	2823788.83	23725817.42
INFY	Long	21-Jul-06	1602.10	09-Mar-07	2120.950	32.39%	893978.55	32.39%	1723	2760418.26	24619795.97
WOCKPHARMA	Long	23-Mar-07	382.15	29-Jun-07	384.650	0.65%	28850.00	0.65%	11540	4410010.93	24648645.97
GSPL	Long	28-Jul-06	26.92	10-Aug-07	54.300	101.71%	2762231.30	101.71%	100885	2715824.40	27410877.27
BHUSANSTL	Long	07-Jul-06	22.25	17-Aug-07	64.307	189.00%	5399949.31	189.00%	128400	2857094.94	32810826.59
BHARTIARTL	Long	07-Sep-07	423.93	14-Sep-07	414.800	-2.15%	-125696.88	-2.15%	13775	5839566.71	32685129.71
CUMMINSIND	Long	16-Mar-07	167.23	16-Nov-07	264.900	58.40%	2514917.52	58.40%	25750	4306258.44	35200047.24
BAJAJ-AUTO	Long	17-Aug-07	450.52	16-Nov-07	469.090	4.12%	235281.90	4.12%	12670	5708088.65	35435329.14
ZEEL	Long	14-Sep-07	153.20	16-Nov-07	156.100	1.89%	114802.30	1.89%	39587	6064728.28	35550131.44
AMBUJACEM	Long	16-Nov-07	147.15	11-Jan-08	138.550	-5.84%	-417538.60	-5.84%	48551	7144279.35	35132592.84
MINDTREE	Long	11-Jan-08	233.75	18-Jan-08	218.200	-6.65%	-581181.25	-6.65%	37375	8736406.25	34551411.59
NAUKRI	Long	23-Mar-07	205.74	25-Jan-08	300.690	46.15%	2035158.30	46.15%	21434	4409830.95	36586569.89
RELCAPITAL	Long	05-Apr-07	635.70	01-Feb-08	1955.800	207.66%	9212977.90	207.66%	6979	4436550.39	45799547.79
APOLLOHOSP	Long	08-Feb-08	190.74	15-Feb-08	191.440	0.37%	20043.80	0.37%	28634	5461649.32	45819591.59
JSWSTEEL	Long	22-Feb-08	1115.05	29-Feb-08	1059.600	-4.97%	-369241.55	-4.97%	6659	7425118.28	45450350.04
M&MFIN	Long	16-Nov-07	48.01	14-Mar-08	58.030	20.87%	731991.06	20.87%	73053	3507274.69	46182341.10
CADILAHC	Long	08-Feb-08	185.18	14-Mar-08	182.175	-1.62%	-44595.00	-1.62%	14865	2752626.19	46137746.10
KTKBANK	Long	29-Jun-07	139.92	19-Mar-08	158.240	13.09%	739633.36	13.09%	40373	5648990.09	46877379.46
HEROMOTOCO	Long	15-Feb-08	729.35	19-Mar-08	650.350	-10.83%	-797426.00	-10.83%	10094	7362058.65	46079953.46
FEDERALBNK	Long	29-Feb-08	59.39	19-Mar-08	41.990	-29.30%	-2142792.60	-29.30%	123149	7313819.50	43937160.86
MCLEODRUSS	Long	23-Nov-07	39.55	28-Mar-08	52.160	31.88%	2435613.44	31.88%	193180	7640655.00	46372774.30
MOTHERSUMI	Long	11-Apr-08	48.25	17-Apr-08	47.650	-1.24%	-61809.17	-1.24%	103017	4970570.25	46310965.13
APOLLOHOSP	Long	11-Apr-08	201.84	16-May-08	196.120	-2.83%	-144996.28	-2.83%	25349	5116442.07	46165968.85
GSPL	Long	23-May-08	66.90	06-Jun-08	61.100	-8.67%	-630228.00	-8.67%	108660	7269354.17	45535740.85
HINDUNILVR	Long	29-Feb-08	227.50	13-Jun-08	226.750	-0.33%	-24111.00	-0.33%	32148	7313670.00	45511629.85
HEROMOTOCO	Long	11-Apr-08	739.45	27-Jun-08	682.900	-7.65%	-510307.20	-7.65%	9024	6672796.91	45001322.65
TCS	Long	25-Apr-08	444.65	27-Jun-08	432.750	-2.68%	-183069.60	-2.68%	15384	6840495.51	44818253.05
MAX	Long	27-Jun-08	125.52	04-Jul-08	119.200	-5.04%	-335958.56	-5.04%	53158	6672391.98	44482294.49
CIPLA	Long	27-Jun-08	210.75	04-Jul-08	208.100	-1.26%	-83899.00	-1.26%	31660	6672345.00	44398395.49
GODREJCP	Long	19-Mar-08	83.68	11-Jul-08	79.552	-4.93%	-159621.50	-4.93%	38668	3235738.25	44238773.98
CAIRN	Long	19-Mar-08	223.50	11-Jul-08	245.550	9.87%	653165.10	9.87%	29622	6620517.00	44891939.08
RELIGARE	Long	27-Jun-08	310.48	11-Jul-08	315.040	1.47%	97994.40	1.47%	21490	6672215.44	44989933.48
BHUSANSTL	Long	13-Jun-08	86.31	12-Sep-08	82.079	-4.90%	-337220.77	-4.90%	79738	6882013.81	44652712.71
RENUKA	Long	01-Aug-08	66.88	19-Sep-08	54.075	-19.14%	-1245632.00	-19.14%	97315	6507940.63	43407080.71
MAX	Long	01-Aug-08	157.12	03-Oct-08	127.400	-18.92%	-1231002.40	-18.92%	41420	6507910.20	42176078.31
CADILAHC	Long	11-Apr-08	201.53	10-Oct-08	214.763	6.57%	195954.71	6.57%	14803	2983174.71	42372033.02
PFC	Long	01-Aug-08	135.25	10-Oct-08	102.000	-24.58%	-1599923.50	-24.58%	48118	6507959.50	40772109.52
CIPLA	Long	01-Aug-08	220.00	10-Oct-08	194.400	-11.64%	-757273.60	-11.64%	29581	6507820.00	40014835.92
BERGEPAINT	Long	18-Jul-08	31.68	17-Oct-08	31.950	0.85%	4354.29	0.85%	16127	510903.33	40019190.21
IOB	Long	26-Sep-08	97.35	24-Oct-08	80.950	-16.85%	-1066213.20	-16.85%	65013	6329015.45	38952977.01
TATACOMM	Long	26-Sep-08	470.85	24-Oct-08	365.250	-22.43%	-1419369.60	-22.43%	13441	6328694.93	37533607.41
AXISBANK	Long	14-Nov-08	98.59	21-Nov-08	82.300	-16.52%	-884204.91	-16.52%	54279	5351366.83	36649402.50
PAGEIND	Long	24-Oct-08	321.64	28-Nov-08	275.760	-14.26%	-769499.36	-14.26%	16772	5394545.81	35879903.14
TATACOMM	Long	14-Nov-08	490.15	28-Nov-08	394.350	-19.55%	-1045848.60	-19.55%	10917	5350967.48	34834054.54
UNIONBANK	Long	21-Nov-08	144.25	06-Feb-09	148.150	2.70%	141761.10	2.70%	36349	5243343.25	34975815.64
ANDHRABANK	Long	12-Dec-08	46.52	20-Feb-09	39.640	-14.79%	-744980.16	-14.79%	108282	5037278.69	34230835.48
PTC	Long	26-Dec-08	63.25	27-Feb-09	60.350	-4.58%	-189694.80	-4.58%	65412	4137309.00	34041140.68
GODREJCP	Long	12-Dec-08	75.94	06-Mar-09	79.360	4.51%	227134.46	4.51%	66336	5037290.30	34268275.14
BOSCHLTD	Long	27-Feb-09	3065.70	13-Mar-09	3017.850	-1.56%	-84120.30	-1.56%	1758	5389500.51	34184154.84
HINDPETRO	Long	05-Dec-08	179.12	20-Mar-09	190.480	6.34%	318727.52	6.34%	28057	5025569.70	34502882.36
BPCL	Long	05-Dec-08	170.03	20-Mar-09	166.475	-2.09%	-104930.90	-2.09%	29558	5025598.77	34397951.46
GLAXO	Long	12-Dec-08	1136.35	27-Mar-09	1065.900	-6.20%	-312234.40	-6.20%	4432	5036303.09	34085717.06
RELIGARE	Long	27-Mar-09	256.96	29-Apr-09	253.480	-1.35%	-71155.56	-1.35%	20447	5254061.57	34014561.50
BHARATFORG	Long	27-Mar-09	96.25	17-Jul-09	148.250	54.03%	2838628.00	54.03%	54589	5254191.25	36853189.50
GLENMARK	Long	29-Apr-09	179.45	28-Aug-09	215.300	19.98%	1238474.10	19.98%	34546	6199279.59	38091663.60