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Nifty April 2011 futures closed at 5,785.20, at a discount of 0.25 points over spot closing of 5,785.45, while Nifty May 2011 futures were at 5,811.00 at a premium of 25.55 points over spot closing. The near month April 2011 derivatives contract expires today. Nifty April futures saw contradiction of 3.93% or 0.52 million (mn) units, taking the total outstanding open interest (OI) to 12.83 mn units.

From the most active underlying, ICICI Bank April 2011 futures closed at a premium of 5.25 points at 1117.40 compared with spot closing of 1112.15. The number of contracts traded was 41,387.

ICICI Bank May 2011 futures were at a premium of 8.45 point at 1120.60 compared with spot closing of 1112.15. The number of contracts traded was 39,310.

SBI's April 2011 futures were at a premium of 7.00 points at 2855.35 compared with spot closing of 2848.35. The number of contracts traded was 20,979.

Infosys April 2011 futures were at a premium of 6.50 points at 2928.75 compared with spot closing of 2922.25. The number of contracts traded was 19,210.

SBI's May 2011 futures were at a premium of 24.00 points at 2872.35 compared with spot closing of 2848.35. The number of contracts traded was 18,164.

Nifty May 5800 call added 7.09 lakh shares in OI, up 51.11% and 5900 call added 6.62 lakh shares in OI, up 37.49%. On the put side nifty May 5700 put added 5.15 lakh shares in OI, up 7.18% and 5600 put added 6.85 lakh in OI, up 21.54%. The put-call ratio of stock option increased from 0.37 to 0.42 while put-call ratio of index option decreased from 0.83 to 0.79. On the whole the put call ratio was at 0.78.

F & O HIGHLIGHTS
Nifty April 2011 futures closed at 5,874.00, at a premium of 22.35 over spot closing of 5,851.65, while Nifty May 2011 futures were at 5,894.60 at a premium of 42.95 points over spot closing. The near month April 2011 derivatives contract expires on Thursday, April 28, 2011. Nifty April futures saw an addition of 6.29% or 1.52 million (mn) units, taking the total outstanding open interest (OI) to 25.84 mn units.

From the most active underlying, SBI's April 2011 futures closed at a premium of 12.90 points at 2808.50 compared with spot closing of 2795.60. The number of contracts traded was 32,837.

Infosys April 2011 futures were at a premium of 10.50 points at 2913.50 compared with spot closing of 2903.00. The number of contracts traded was 23,141.

Tata Motors April 2011 futures were at a discount of 4.85 points at 1245.15 compared with spot closing of 1250.00. The number of contracts traded was 21,332.

Tata Steel April 2011 futures were at a premium of 2.30 points at 628.80 compared with spot closing of 626.50. The number of contracts traded was 18,683.

TCS April 2011 futures were at a premium of 3.20 points at 1224.95 compared with spot closing of 1221.75. The number of contracts traded was 18,566. .

Nifty April 5900 call shed 5.69 lakh shares in OI; down 7.79% and 6000 call shed 4.30 lakh shares in OI, down 4.63%. On the put side nifty April 5800 put added 21.33 lakh shares in OI, up 43.39% and 5700 put added 7.97 lakh in OI, up 12.88%. The put-call ratio of stock option decreased from 0.36to 0.34 while put-call ratio of index option decreased from 0.94 to 0.93. On the whole the put call ratio was at 0.89.

WEEK GONE BY

After minutely escaping from dipping into the red terrain in the previous week, the frontline indices slipped into the negative territory this time around, though marginally, as the triple 'I's viz. IIP numbers which merely grew at a pace of 3.6%, Inflation stood at 8.98% in March against 8.31% in Feb 2011 and Interest Rates, continued to haunt the domestic benchmarks for quite some time now, quadrupled with Infosys being the latest addition to the list. The psychological 5,800 and 19,400 levels proved to be a strong supports for the BSE' Sensex and the NSE Nifty as they consolidated around these levels for yet another week and looked in no mood to give away the substantial gains accumulated two weeks ago. The over 3% laceration in international crude oil prices which were trading around two and half year high levels, on the back of apprehensions of sluggish demand and slow economic recovery, too eased investor concerns. However the bourses, after another one-day break, took a nasty blow of around one and half a percent on the back of dreadful local leads. The flavor of a hectic earning season turned bitter right from the very start and the frontline indices took a blow after IT bellwether Infosys reported below expectation quarterly earnings and gave even lower than expected EPS guidance for FY12.

After having an imperative numbers of economic data last week the next big aspect that will be driving the Indian equity markets will be other corporate quarterly reports as earnings season shifts into high gear in the coming week. Companies like HDFC Bank, IFCI, IndusInd Bank, Magma Fincorp and Persistent Systems will be reporting their numbers in the week. Since there will be no major economic data up for release in the coming week the investor's will continue to watch the crude oil prices and Foreign fund inflows for cues since these two factors have been dictating the market's movements from quite some time now. Meanwhile, the Government of India in the coming week will take up 46 foreign investment (FDI) proposals. From the global markets investors will be eying lots of major economic data from the US, starting with Housing Starts data on April 19, followed by Existing Home Sales, Jobless Claims and finally the Philadelphia Fed Survey data on Thursday, April 21, 2011. For the coming week 5720 followed by 5605 are likely to be good support levels for the Nifty, while the index may face some resistance at 5950 and 6070 levels.HAPPY TRADING….

F & O HIGHLIGHTS
Nifty April 2011 futures closed at 5,902.10, at a premium of 16.40 over spot closing of 5,885.70, while Nifty May 2011 futures were at 5,921.00 at a premium of 35.30 points over spot closing. The near month April 2011 derivatives contract expires on Thursday, April 28, 2011. Nifty April futures saw an addition of 4.62% or 1.24 million (mn) units, taking the total outstanding open interest (OI) to 28.15
mn units.

From the most active underlying, SBI's April 2011 futures closed at a premium of 4.10 points at 2815.00 compared with spot closing of 2810.90. The number of contracts traded was 20,804.

Tata Motors April 2011 futures were at a discount of 10.05 points at 1270.95 compared with spot closing of 1281.00. The number of contracts traded was 13,562.

ICICI Bank April 2011 futures were at a premium of 5.60 points at 1107.00 compared with spot closing of 1101.40. The number of contracts traded was 14,686.

Tata Steel April 2011 futures were at a premium of 0.55 points at 639.55 compared with spot closing of 639.00. The number of contracts traded was 12,096.

Unitech April 2011 futures were at a discount of 0.15 points at 47.60 compared with spot closing of 47.75. The number of contracts traded was 17,623.