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derivative contracts expire on 31st May 2012

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  BSE Sensex (16217.82) and Nifty (4920.40)   closed   up   0.4%   and   0.3%    respectively   last week.Nifty Future May was quoting   at 7.50   points premium.Nifty call option May   4900 was very active.Support for Sensex is at   15900. Resistance for Sensex is at 16650 .Support for Nifty is at 4830 and resistance at 5050. Coal India,IOC,Bombay Dyeing,Oil India,NMDC,Neyveli Lignite,Balrampur Chini,HPCL,ONGC,SAIL,Tata Motors,ABG Shipyard,Sun Pharma,Power Grid,DLF,GAIL   and HDIL will declare Q4 results next week.   Tata Steel and   SBI added Open Interest in May   series.Huge position was build up at   SBI   Call Option Strike 2000.Good build up was also seen at   Tata Steel   May Call Option Strike Price 400. Strategy   for Futures Option players.                   ...

Moody's Investor Service downgraded 16 Spanish banks, including Banco Santander

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  BSE Sensex (16152.75) and Nifty (4891.45)   closed   down   0.9%   and   0.5%    respectively   last week.Nifty Future May was quoting   at 13.55   points premium.Nifty call option May   4900 was very active.Support for Sensex is at   15850. Resistance for Sensex is at 16420 .Support for Nifty is at 4820 and resistance at 4980. BHEL,Tata Power,ITC and BPCL will declare Q4 results next week.   ICICI Bank and   SBI added Open Interest in May   series.Huge position was build up at   SBI   Call Option Strike 1950.Good build up was also seen at   IDFC May Call Option Strike Price 120. Strategy   for Futures Option players.                                            ...

added SBI

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