Post Session Market Update 09 Mar 2010

1) NIFTY FUT :- OI up 0.57% with 15% decreasing volumes. Unwinding plus

shorts too. Unwinding plus call writing seen in 5100 CE. Call writing seen in

5200 CE. Short covering plus buying seen in 5000 PE and 5100 PE. NIFTY

MARCH series PCR (OI) at 1.51 up by 0.02 points.

2) LONG POSITIONS :- BANKBARODA, CHAMBLFERT, COLPAL, FINANTECH,

GTOFFSHORE, HDFCBANK, INFOSYSTCH, M&M, MARUTI, ORCHIDCHEM,

TITAN, WIPRO.

3) UNWINDING OF LONG POSITIONS :- ABAN, BGRENERGY, CROMPGREAV,

MLL, RELCAPITAL, ROLTA.

4) SHORT POSITIONS :- ALBK, BANKINDIA, CIPLA, GODREJIND, GVKPIL, HDIL,

IBREALEST, IDFC, RELIANCE, TATAMOTORS.

5) SHORT COVERING :- AXISBANK, TCS.

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

 

:-: COMMENTS :-:

NIFTY SPOT facing resistance near 5120-5150 as per our WEEKLY NIFTY FUT

OBSERVATION.

 

RAVI TARDEJA

www.fnoprofit.com

DATE :- 09-03-2010

TIME :- 09:50 P.M.