The BSE Index closed at 19078, up by 351 points, the index touched a high and a low of 19,097.78 and 18,767.25 respectively. Nifty Index shut up at 5729, up by 103 ponits.

Nifty July 2011 futures closed at 5,745.30, at a premium of 16.35 point over spot closing of 5,728.95, while Nifty August 2011 futures were at 5,763.40 at a premium of 34.45 points over spot closing. The near month July 2011 derivatives contract expires on Thursday, 28 July, 2011. Nifty July futures saw an addition of 12.01% or 2.60 million (mn) units, taking the total outstanding open interest (OI) to 24.27 mn units.From the most active underlying, SBI’s July 2011 futures closed at a premium of 0.50 points at 2487.00 compared with spot closing of 2486.50. The number of contracts traded was 22,630.

Among Nifty puts, 5600 SP from the July month expiry was the most active put with addition of 1.89 million or 39.27%.The maximum Call OI outstanding for Calls was at 5700 SP (5.09 mn) and that for Puts was at 5600 SP (6.72 mn). The respective Support and Resistance levels are: Resistance 5766.42-- Pivot Point 5699.68 -- Support 5662.22.