BSE Sensex (17305.87) and Nifty (5211.25) closed down 4.89% and 4.9% respectively last week.Nifty Future August was quoting at 8.75 points premium.Nifty call option August 5300 was very active.Support for Sensex is at 16700. Resistance for Sensex is at 17900 .Support for Nifty is at 5030 and resistance at 5400.. PTC,IOC,NHPC,BPCL,HPCL,Tata Steel and Tata Motors will declare the quarterly results next week. RIL and SBI added Open Interest in August series.Huge position was build up at RIL August Call Option Strike Price 800.Good build up was also seen at IFCI August Call Option Strike Price 45. Strategy for Futures Option players. 1)BPCL(702.30) Lot Size-500 Shares Buy One Call Option of August Strike Price 700.00@20.00 Rs Sell One Call Option of August Strike Price 720.00@13.70 Rs. Premium .Paid=20*500=10000.00 Rs. Premium Received=13.70*500= 6850.00 Rs. Net Premium Paid==10000.00-6850.00=3150.00 Rs. Maximum Profit==720.00-700.00. =20*500=10000.00-3150.=6...