The Reserve Bank of India (RBI) announces Second Quarter Review of Monetary Policy on Tuesday, 30 October 2012.
BSE Sensex (18625.34) and Nifty(5664.30) closed down by 0.3% and 0.4% respectively last week..Nifty Future November was quoting at 39.70 points premium.Nifty call option November 5800 was very active.Support for Sensex is at 18520. Resistance for Sensex is at 18770. Support for Nifty is at 5630 and resistance is at 5710. BHEL,MARUTI,GRASIM,DR.REDDY and WIPRO will declare Q2 results next week. Tata Steel and BHEL added Open Interest in November series.Huge position was build up at ICICI Bank November Call Option Strike Price 1100.Good build up was also seen at SBI November Call Option Strike Price 2300. Strategy for Futures Option players. ...