traders may roll over positions in the futures and options segment to next month series
BSE Sensex (19704.33) and Nifty (5983.55) closed down by 2.9% and 3.3% respectively last week.Nifty Future May was quoting at 7.35 points premium.Nifty call option May 6000 was very active.Support for Sensex is at 19050.Resistance for Sensex is at 20240. Support for Nifty is at 5760 and resistance at 6160. COAL INDIA,GAIL,HINDALCO,DLF,SUNPHARMA,HPCL,BPCL,COLPAL,IOC and ONGC will announce results next week. RCOM and DLF added Open Interest in May series.Huge position was build up at SBI May Call Option Strike Price 2200.Good build up was also seen at TATA STEEL Call May Option Strike Price 320. Strategy for Futures Option players. ...