The Stock Market BSE Index closed at 19625.14, up with 1.48%, the index touched a high and a low of 19,729.60 and 19,449.36 respectively. While Nifty Index settled at 5908.15, up with 1.41%, the index touched high of 5,918.70 and a low of 5833.20, respectively.

The 50-share S&P CNX Nifty finally settled at 5,908.45 after gaining 82.40 points or 1.41%. Nifty April 2011 futures closed at 5,948.00 at a premium of 39.85 over spot closing of 5,908.15, while Nifty May 2011 futures were at 5,966.00 at a premium of 57.85 points over spot closing. The near month April 2011 derivatives contract expires on Thursday, April 28, 2011. Nifty April futures saw an addition of 14.20% or 3.50 million (mn) units, taking the total outstanding open interest (OI) to 28.18 mn units.

For Nifty calls, 5900 strike price (SP) from the April series was the most active call with an addition of 0.58 mn or 15.40%. Among Nifty puts, 5800 SP from the April month expiry was the most active put with an addition of 1.21mn or 36.21%. The maximum Call OI outstanding was at 5900 SP (3.20) and that for Puts at 5800 SP (4.56). The respective Support and Resistance levels are: Resistance 5,940.36 -- Pivot Point 5,886.78 -- Support 5,854.86. The Nifty Put Call Ratio (PCR) OI wise stood at 1.50 for April-month contracts.