Bullet Advice For Indian Stocks Weekly – market eyes on Federal Reserve’s meet due next week
BSE Sensex (20125.05) and Nifty (6062.65) closed down 0.60% and 0.8% respectively last week.Nifty Future October was quoting at 20.25 points premium.Nifty call option October 6200 was very active.Support for Sensex is at 19860. Resistance for Sensex is at 20350 .Support for Nifty is at 5980 and resistance at 6130.. RBI is expected to hike interest rate by 0.25% on 2nd November 2010 meet India Stock Market remains closed on 5th November 2010 because of Diwali.Muhurat trading will be held between 6 p.m to 7 p.m on the same day. IDBI and Tata Steel added Open Interest in November series.Huge position was build up at IDBI November Call Option Strike Price 190.Good build up was also seen at Cairn November Call Option Strike Price 340. Strategy for Futures Option players. 1)ICICI Bank(1163) Lot Size-250 Shares Buy One Call Option of November Strike Price 1160@45.70 Rs Sell One Call Option of November Strike Price 1180@39.00 Rs. Premium .Paid=45.70*250= .11425.00 Rs. ...