derivative contracts expire on 31st May 2012
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. ...