The Stock Market BSE Index closed at 18745, down by 70 points, the index touched a high and a low of 18,837.88 and 18,694.05 respectively. While the nifty index shut up at 5632, down by 18 points, the index touched high and low of 5,659.85 and 5,612.30 respectively.

Nifty July 2011 futures closed at 5,650.00, at a premium of 17.90 point over spot closing of 5,632.10, while Nifty August 2011 futures were at 5,666.40 at a premium of 34.30 points over spot closing. The near month July 2011 derivatives contract expires on Thursday, 28 July, 2011. Nifty July futures saw an addition of 2.84% or 0.61 million (mn) units, taking the total outstanding open interest (OI) to 22.44 mn units.

Among Nifty puts, 5600 SP from the July month expiry was the most active put with addition of 0.28 million or 6.72%. The maximum Call OI outstanding for Calls was at 5700 SP (5.37mn) and that for Puts was at 5600 SP (4.49 mn). The respective Support and Resistance levels are: Resistance 5657.2 -- Pivot Point 5634.75 -- Support 5609.65.