1) NIFTY FUT :- OI up 2.48% with 17% decreasing volumes. Fresh shorts.

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

Buying seen in 4600 PE. Short covering seen in 4700 PE. Short covering

plus buying seen in 4800 PE. NIFTY FEB series PCR (OI) at 1.07 down by

0.10 points. Lowest levels in current series.

2) LONG POSITIONS :- ASHOKLEY, DABUR, GAIL, ITC, ONGC, RANBAXY.

3) UNWINDING OF LONG POSITIONS :- ANDHRABANK, BANKBARODA,

BEL, BPCL, HDFC, HDIL, IDBI, IOC, JSWSTEEL, LT, MPHASIS, TRIVENI,

UNIPHOS, YESBANK.

4) SHORT POSITIONS :- ACC, AMBUJACEM, BAJAJHIND, BHARATFORG,

DIVISLAB, DLF, GMRINFRA, HINDALCO, HINDZINC, JPASSOCIAT,

KOTAKBANK, LITL, RCOM, RENUKA, RPOWER, SUZLON, TATAMOTORS,

TATAPOWER, UNITECH, SUZLON.

5) SHORT COVERING :- APIL, BIOCON.

6) SECTORS TO WATCH NEXT SESSION  :- SUGAR, REALITY, METAL.

:-: COMMENTS :-:

High possibility NIFTY SPOT below 4700 in coming sessions.

RAVI TARDEJA

www.fnoprofit.com

DATE :- 04-02-2010

TIME :- 07:33 P.M.