1) NIFTY FUT :- OI down 3.46% with 6% increasing volumes. Short

covering. Short covering plus buying seen in 5100 CE and 5200 CE.

Aggressive put writing seen in 5000 PE and 5100 PE. NIFTY MARCH

series PCR (OI) at 1.74 up by 0.17 points.

2) LONG POSITIONS :- ABB, ALBK, BANKBARODA, BRFL, EDUCOMP,

FORTIS, LICHSGFIN, RANBAXY, SAIL, STER, TCS, VOLTAS, YESBANK.

3) UNWINDING OF LONG POSITIONS :- ACC, IBREALEST, IDFC,

JPASSOCIAT, MCDEODRUSS, RELIANCE.

4) SHORT POSITIONS :- ADANIENT, BALRAMCHIN, DLF, HDIL,

HINDPETRO, HINDUNILVR, ICSA, JSWSTEEL, KSOILS, RENUKA,

VIDEOIND.

5) SHORT COVERING :- AXISBANK, BHARTIARTL, CHAMBLFERT,

GAIL, IVRCLINFRA, NTPC, SBIN.

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

:-: COMMENTS :-:

Fresh shorts in SUGAR. Bounce expected in BANKING. 5150-5090

levels to watch for breakout or breakdown.

RAVI TARDEJA

www.fnoprofit.com

DATE :- 11-03-2010

TIME :- 08:23 P.M.