Reliance Industries and Tata Steel hit 52-week low
BSE Sensex (15454.92) and Nifty (4624.30) closed down 1.8% and 1.9% respectively last week.Nifty Future January was quoting at 1.70 points premium.Nifty call option January 4700 was very active.Support for Sensex is at 15150. Resistance for Sensex is at 15750 .Support for Nifty is at 4550 and resistance at 4720. Cairn and BPCL added Open Interest in January series.Huge position was build up at RCOM January Call Option Strike Price 75.Good build up was also seen at IDEA January Call Option Strike Price 85.. Strategy for Futures Option players. 1)RCOM( 70.05) lot size 4000 shares Buy One Call Option of January Strike Price 70@4.80 Rs Sell One Call Option of January Strike Price 75@2.90 Rs. Premium .Paid=4.8*4000=19200.00 Rs. Premium Received=2.9*4000= 11600.00 Rs. Net Premium Paid=19200.00-11600.00=7600.00 ...