Apparatus for rotationally locking the swivel of a drillstring during downhole backoff, directional drilling, and similar operations, and for continuous monitoring of the torque level in the drillstring. A first member has a collar which attaches to one side of the swivel, the collar having a main plate attached thereto and extending outwardly from the swivel. A second member is suspended from the plate, and has a set of jaws which can be closed to grip the swivel and thereby rotationally lock the swivel. A means for measuring forces between the first and second members is disposed between the first and second members, and in combination with appropriate processing and controls permits monitoring of torque on the drillstring while the drillstring is raised and lowered as desired.