SECTOR WATCH
SECTOR : MIDCAP IT
MODCAP IT STOCKS TO SHOW DOWN
FINANTECH FUT : Total OI up 9.01% prices down 5.36% last week.
Shorts rollover. R 1297, S 1196. Below 1195, more weakness expected.
MOSERBAER FUT : Total OI down 3.61% prices down 4% last week.
OI down due to expiry. Shorts rollover. R 68, S 63. Below 62 levels,
more weakness expected.
MPHASIS FUT : Total OI down 8.38% prices down 3.28% last week.
Shorts rollover. R 627, S 595. Below 594, more weakness expected.
OFSS FUT : Total OI down 2.50% prices down 2.13% last week.
Shorts rollover. R 2155, S 2080. Bounce expected but trend is down.
PATNI FUT : Total OI up 10.99% prices down 9.12% last week. Shorts
rollover. R 510, S 470. Bounce expected due to sharp fall but trend is
clear down.
STOCK FUT TO WATCH NEXT WEEK
TREND : BEARISH
ABB FUT : Total OI down 29.03% prices flat last week. Unwinding
plus fresh shorts too. Below 790 levels, free fall expected.
RAVI TARDEJA
DATE :- 31-07-2010