The Stock Market settled at 19387, with down trend of 310 points, today index touched a high and a low of 19,700.96 and 19,337.12 respectively, While Nifty Index closed at 5815, also with down trend with 96.80 points down, NSE index touched high and low of 5,907.35 and 5,806.45, respectively.

Nifty April 2011 futures closed at 5,825.00, at a premium of 0.45 over spot closing of 5,824.55, while Nifty May 2011 futures were at 5,852.75 at a premium of 28.20 points over spot closing. The near month April 2011 derivatives contract expires on Thursday, April 28, 2011. Nifty April futures saw an addition of 4.63% or 1.20 million (mn) units, taking the total outstanding open interest (OI) to 27.24 mn units.

Among Nifty puts, 5800 SP from the April month expiry was the most active put with a contraction of 0.82 mn or 12.29%. The maximum Call OI outstanding was at 5900 SP (6.09) and that for Puts at 5800 SP (5.86). The respective Support and Resistance levels are: Resistance 5885.78 -- Pivot Point 5846.11 -- Support 5784.88. The Nifty Put Call Ratio (PCR) OI wise stood at 1.19 for April-month contracts.