The BSE Sensex closed at 19,208, up 408 point or 2.17% from the previous close. It had earlier been as high as 19,243 after opening at day's low of 18,845.

The NSE Nifty closed 119 points up or 2% at 5,759 after touching a high of 5,770. It opened at day's low of 5,639.

The indices last week continued to escalate to test new 52 weeks high of 5647.45. The Nifty ended with gains of nearly 3% and closed at 5640.05. On the derivatives front we can see that the Nifty futures prices surged along with an overall addition of open interest but decline in the cost of carry in comparison to the previous week, this is an indication of some shorts being built at higher levels. For the coming week Nifty immediate support continues to exist in the zone of 5600-5550, below 5550 the next support range is seen at 5500-5472 mark whereas on the upside strong resistance is seen in the range of 5650-5750.

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