1) NIFTY FUT :- OI up 7.76% with 38% increasing volumes. Fresh shorts.

Call writing seen in 4800 CE. Aggressive call writing seen in 4900 CE.

Unwinding plus call writing seen in 5000 CE. Short covering plus buying

seen in 4700 PE an 4800 PE. NIFTY FEB series PCR (OI) at 1.09 down

by 0.06 points.

2) LONG POSITIONS :- DRREDDY, HINDALCO, JINDALSAW.

3) UNWINDING OF LONG POSITIONS :- ABAN, BEML, BIOCON, CANBK,

COLPAL, DENABANK, DLF, HDIL, IDBI, IFCI, LICHSGFIN, MOSERBAER,

OFSS, PFC, PRAJIND, ROLTA, VOLTAS.

4) SHORT POSITIONS :- AXISBANK, BANKBARODA, CAIRN, CIPLA,

CUMMINSIND, GAIL, GRASIM, HCLTECH, HDFCBANK, ICICIBANK, IDFC,

INFOSYSTCH, ITC, LT, NTPC, PATNI, RANBAXY, RELIANCE, TATACOMM,

TATSTEEL, TCS, TECHM, WIPRO, YESABNK.

5) SHORT COVERING :- EKC, FTOFFSHORE, HINDUNILVR, IVRCLINFRA,

JPASSOCIAT, POWERGRID.

6) SECTORS TO WATCH NEXT SESSION  :- OIL & GAS, BANKING.

:-: COMMENTS :-:

Today's move was surprising. Most of traders trapped. This market is more

weak than I am expecting.

RAVI TARDEJA

www.fnoprofit.com

DATE :- 02-02-2010

TIME :- 09:10 P.M.