1) NIFTY FUT :- OI down 7.11% with flat volumes. Short covering. Short

covering seen in 4900 CE. Short covering plus buying seen in 5000 CE.

Put writing seen in 4700 PE. Aggressive put writing seen in 4800 PE.

Unwinding plus put writing seen in 4900 PE. NIFTY FEB series PCR (OI)

at 1.17 up by 0.08 points.

2) LONG POSITIONS :- ANDHRABANK, ASHOKLEY, AXISBANK,

BANKBARODA, BEL, CHAMBLFERT, DABUR, HDIL, HEROHONDA,

HINDZINC, JINDALSAW, PETRONET, SAIL, SBIN, SCI, TATASTEEL,

TITAN, UNIPHOS, YESBANK, ZEEL.

3) UNWINDING OF LONG POSITIONS :- BAJAJ-AUTO, BPCL, DLF,

HDFC, VIJAYABNAK.

4) SHORT POSITIONS :- DIVISLAB, GESHIP, GMRINFRA, HINDUNILVR.

5) SHORT COVERING :- APIL, EKC, FSL, HCC, ICSA, IDFC, INDIACEM,

JSWSTEEL, KOTAKBANK, LITL, LT, PFC, RANBAXY, STER,

TATACOMM, TATATEA, TECHM, WIPRO.

6) SECTORS TO WATCH NEXT SESSION  :- FERTILISER, SHIPPING,

BANKING.

:-: COMMENTS :-:

Strong pull back. Sideways movement expected before next move.

RAVI TARDEJA

www.fnoprofit.com

DATE :- 03-02-2010

TIME :- 08:47 P.M.