SMS ON YAHOO TO SUB-BROKERS

                                        DATE : 24/08/2010

GM - Total OI of NIFTY FUT marginal up with higher volumes.

Fresh longs build up. NIFTY AUG Series PCR (OI) at 2.42

highest lvls in current series. We expect any down move

should be followed by buying at lower lvls. Above 5540-50 lvls.

NIFTY SPOT to resume fresh up move. NIFTY SPOT R 5540-50,

5590-5600 S 5510-20. MKT entered in EUPHORIA phase buying.

We will see sharp up move in MIDCAP n SMALLCAP Counters in

coming days.

Stock Option - Buy CAIRN AUG 360 CA at 1.90-2.10 tgt 4.50

SL 1.40

Intraday - Buy JINDALSAW FUT at 212.50-213 tgt 216+ SL 211

Stock Option - Book 50% profit in CAIRN AUG 360 CA. CMP at 4.00

STOCK OPTION - Book remaining 50% profit in CAIRN 360 CA.

Above tgt 4.50. CMP at 4.80

Short Term - Buy ZUARIIND at 745-50 tgt 800+ SL 720

Long Term - Buy FINOLEX IND at 98-100. 40-50% up move

expected in 1 year.

Intraday - Buy RANBAXY FUT at 496-97 tgt 503 SL 491

Intraday - Exit RANBAXY FUT at same rate.

................................................................................................................................

1) NIFTY FUT :- OI (both series) down with increasing volumes.

Unwinding of longs. Call writing seen in 5400 CE. Aggressive

call writing seen in 5500 CE. Put writing seen in 5400 PE. Profit

booking seen in 5500 PE. NIFTY AUG series PCR (OI) at 2.31

down by 0.11 points.

2) LONG POSITIONS :- IDEA, INFOSYSTCH, MPHASIS, ONGC,

PATNI, RNRL, TCS.

3) UNWINDING OF LONG POSITIONS :- ADANIENT,

APOLLOTYRE, ASHOKLEY, CAIRN, CHAMBLFERT, DENABANK,

IBREALEST, ICICIBANK, JINDALSAW, LITL, SBIN, YESBANK.

4) SHORT POSITIONS :- ABAN, COREPROTEC, DLF, ESSAROIL,

GMDCLTD, INDIAINFO, JPASSOCIAT, KFA, MCLEODRUSS,

NAGARFERT, NHPC, PATELENG, PIRHEALTH, RENUKA, SAIL,

TTML, UCOBANK, UNITECH, WELCORP.

5) SHORT COVERING :- EDUCOMP, FSL, HCC, HDIL, NTPC,

RCOM, RPOWER, SESAGOA, STER, SUZLON.

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

:-: COMMENTS :-:

Unwinding seen in STOCK FUTs today.

RAVI TARDEJA

www.fnoprofit.com

DATE :- 25-08-2010

TIME :- 20:30 P.M.