1) Total OI of NIFTY FUT down 17.15% NIFTY FUT down 1.93% last week.

OI down due to expiry. 8 points discount turned to 7 points (+15 points)

premium compare to NIFTY SPOT last week.

2) Out of NIFTY 50 STOCK FUTS, 4 STOCK FUTS closed positive, 34 STOCK

FUTs closed negative and 12 STOCK FUTs close flat last week.

3) OI of current series 5400 CE is up 82.51% prices down 38.76%, 5500 CE

is up 72.54% prices down 45.55% and 5600 CE is up 58.21% prices down

56.09% last week showing call writing. 5600 CE highest OI at 69.64 LK.

4) OI of current series 5200 PE is up 60.57% prices up 72.03% 5300 PE is up

62.87% prices up 66.67% and 5400 PE is up 70.42% prices up 64.36% last

week showing put buying. 5400 PE highest OI at 89.59 LK. Highest OI shifted

upward to 5400 PE from 5300 PE last week.

5) Total OI of NIFTY SEP series CALLs is up 1.22 CR 3.37 CR, PUTs is up 2.12 CR

to 5.53 CR. NIFTY SEP series PCR (OI) at 1.64 up by 0.05 points.

6) FII OI in INDEX FUT at 560912 contracts down by 116352 contracts last week.

OI down due to expiry.

7) INDIA VIX at 19.63 up by 2.93 points last week. INDIA VIX closed at highest

levels in current month.

CONCLUSION :- I expect NIFTY SPOT to trade volatile next week. Any up move will

face R 5480-90, 5510-20 levels. Sustainable trade above 5530 levels will attract

short covering for possible TGT 5570-80. I expect profit booking near 5600 levels.

On down side, NIFTY SPOT S 5380-90 and 5340-50. Strong S 5290-5300 levels.

Any break below 5280 levels will change games in favour of BEARS. MIDCAPS and

SMALLCAPS to show profit booking next week.

DATE : 28/08/2010