1) NIFTY FUT :- OI up 2.31% with 31% increasing volumes. Fresh shorts.

Aggressive call writing seen in 4700 CE. Call writing seen in 4800 CE,

4900 CE. Buying seen in 4500 PE. Short covering plus buying seen in

4600 PE, 4700 PE. Profit booking seen in 4800 PE. NIFTY FEB series

PCR (OI) at 0.96 down by 0.11 points. Lowest levels in current series.

2) LONG POSITIONS :- ASIANPAINT, DABUR, IFCI, TATAPOWER.

3) UNWINDING OF LONG POSITIONS :- BEML, CROMPGREAV,

CUMMINSIND, GLAXO, GSPL, LT, ROLTA, SCI.

4) SHORT POSITIONS :- BAJAJHIND, BANKBARODA, DIVISLAB,

HINDALCO, INFOSYSTCH, ITC, JSWSTEEL, M&M, RANBAXY,

RELIANCE, RENUKA, TATASTEEL, TCS, TITAN.

5) SHORT COVERING :- ACC, CESC, FEDRALBNK, GRASIM, GVKPIL,

HCC, HDFCBANK, INDIANB, IVRCLINFRA, JPASSOCIAT, UNITECH.

6) SECTORS TO WATCH NEXT SESSION  :- FRONTLINE, IT, METAL.

:-: COMMENTS :-:

Yesterday I boldly told you that NIFTY SPOT below 4700 levels and we

tested 4700 levels in single session.

RAVI TARDEJA

www.fnoprofit.com

DATE :- 05-02-2010

TIME :- 08:08 P.M.