For Monday, the market players say that the undertone is bullish but the Rs 153 crore net FII investment outflow on Thursday might force some more unwinding of positions. According to the latest FII investment figures released by Sebi, the total FII turnover on Thursday was close to Rs 400 crore from Rs 122 crore gross purchases against Rs 275 crore gross sales.

On Friday, the Sensex opened marginally higher at 4722.92 and touched the day's high at 4754.55 points during the mid-session. Thereafter, the index dipped to the day's low at4695.91 but closed at 4709.93 points against its Thursday close of 4729.73 points. The Nifty on the other hand opened at 1375.70 points, touched the day's high at 1384.25 and the day's low at 1370.95 before closing at 1374.95 against its previous close of 1375.85.

The Digital Equipment scrip on the bourses opened at the lower circuit level at around Rs 615, suddenly went up to Rs 675, hit the lower circuit, went up again and again it hit the lower circuit. The total turnover in the Digital counter on the BSE was at Rs 136 crore from 21.41 lakh shares and on the NSE the corresponding figures were Rs 172.41 crore from around 26 lakh shares. Earlier during the week, the Digital scrip was being hammered on the bourses after its year-end results revealed that the company's growth in sales was not in line with the market expectations.

The Tata Tea scrip was in the limelight on Friday. The scrip was strong throughout the day and hit the upper circuit at Rs 591.80 only during the end of the day's trading on theBSE and closed at that level. On the NSE, the scrip closed at Rs 581 against its previous close of Rs 546. The total turnover in the counter was at Rs 89.75 crore on the BSE and Rs 118.86 crore on the NSE. And surprisingly in the HDFC counter on BSE, a whopping 33.31 lakh shares changed hands on Friday.

For Saturday's badla session on the BSE, given the total outstandings at Rs 2275 crore, the operators expect the carry forward rates to be slightly higher than the last Saturday's level. The long position in Ranbaxy was 20 lakh shares against around 60,000 on the short side, giving a gross long position of around Rs 212 crore. In the Zee Telefilms counter, the long and short positions were 3.55 lakh shares against 24,000 shares.