:-: OBSERVATION :-:

1) Total OI of NIFTY FUT up 12.77% NIFTY MARCH FUT up 3.19% last

    week. 8 points premium turned to 1 points (-9 points) discount compare

    to NIFTY SPOT last week showing not only unwinding plus fresh shorts

    at higher levels.

2) Out of NIFTY 50 STOCK FUTS, 41 STOCK FUTS closed positive, 5

    STOCK FUTs closed negative and 4 STOCK FUTs close flat last week.

3) OI of MARCH series NIFTY 4900 CE is down 27.84% prices up 58.35%

    and NIFTY 5000 CE is down 6.81% prices up 59.74% showing profit

    booking. OI of MARCH series NIFTY 5100 CE is up 60.64% prices up

    59.74% and NIFTY 5200 CE is up 72.14% prices up 49.51% showing

    call buying. 5100 CE highest OI at 69.12 LK.

4) OI of MARCH series NIFTY 4900 PE is up 49.12% prices down 70.63%

    showing unwinding plus put writing. OI of MARCH series NIFTY 5000 PE

    is up 247.72% prices down 64.50% showing aggressive put writing. OI of

    MARCH series NIFTY 5100 PE is up 171.28% prices down 57.42%

    showing put writing. 5000 PE highest OI at 69.39 LK.

5) Total OI of NIFTY MARCH series CALLs is up 56.84 LK to 3.07 CR, PUTs

    is up 1.08 CR to 4.42 CR. NIFTY MARCH series PCR (OI) at 1.44 up by

    0.11 points last week.

6) FII OI in INDEX FUT at 406063 contracts down by 17311 contracts last

    week.

 

                                                :-: CONCLUSION :-:

        I expect NIFTY SPOT to show rangebound move with possibility of profit

        booking at higher levels next week. NIFTY SPOT will face strong R near

        5120-5150 zone. Only above 5150 levels, next R 5180-90, 5230-40 which

        looks difficult to achieve in current situation. On down side, NIFTY spot S

        5040-50, Strong S 4990-5000 levels. Only below 4980 levels, NIFTY to

        show some weakness for TGT 4940-50 levels. Though stock specific action

        will remain in market. Better to trade in stocks rather than in NIFTY.

SECTOR WATCH

SECTOR : CEMENT

CEMENT STOCKS TO SHOW UP MOVE

ACC FUT

Total OI up 40.96% prices up 4.74% last week. Longs build

up. R 974, S 927.

AMBUJACEM FUT

Total OI up 31.13% prices up 2.48% last week. Short covering

plus longs build up. R 110, S 105.

GRASIM FUT

Total OI up 17.31% prices up 4.98% last week. Short covering

plus longs build up. R 2833, S 2711.

STOCK FUT TO WATCH NEXT WEEK

ROLTA FUT

TREND : BULLISH

Total OI up 128.76% prices up 2.35%. Longs build up at lower

levels. Once 185 levels taken out, sharp up move

possible. R 185, S 179.

RAVI TARDEJA

www.fnoprofit.com

DATE :- 06-03-2010