Kalyan,
I can't seem to find the readonly button in the View properties. I am using InfoPath 2003 SP2. Here is what I see...
General: view name, set as default view, show on the view menu when filling out the form, background color, use a background picture, use a custom layout width for this form.
Text Settings: applay settings to, font, font size, font color
Print Settings: select an existing view..., orientation, headers and footers, copies, print range
Page Setup: printer, paper (size, source), margins
Thanks,
Chip