The Indian Stokc Market BSE shut up with possitive trend at 18350, The index touched a high and a low of 18,373.97 and 18,269.32, respectively. While Nifty Index closed at 5522 up with 0.77%, the index touched high of 5,529.00 and a low of 5,496.10, respectively.

Nifty March 2011 futures closed at 5,550.70 at a premium of 28.30 over spot closing of 5,522.40, while Nifty April 2011 futures were at 5,569.00 at a premium of 46.60 points over spot closing. The near month March 2011 derivatives contract expires on Thursday, March 31, 2011. Nifty March futures saw a contraction of 0.77% or 0.15 million (mn) units, taking the total outstanding open interest (OI) to 20.58 mn units.

For Nifty calls, 5500 strike price (SP) from the March series was the most active call with a contraction of 0.16 mn or 2.65%. Among Nifty puts, 5500 SP from the March month expiry was the most active put with an addition of 1.31mn or 22.07%. The maximum Call OI outstanding was at 5500 SP (6) and that for Puts at 5500 SP (7.52). The respective Support and Resistance levels are: Resistance 5,535.56 --Pivot Point 5,515.83--Support 5,502.66. The Nifty Put Call Ratio (PCR) OI wise stood at 1.37 for March-month contracts.