Uptrend may continue above 66,600 level

Mumbai: On Thursday, the benchmark indices witnessed volatile trading session, BSE Sensex was up by 87 points. Among sectors, Pharma, Healthcare and Reality indices rallied over one per cent whereas PSU Bank index shed nearly one per cent. Technically, after early morning intraday correction, the index took the support near 66,600 mark and bounced back sharply. From the day, lowest point the Sensex rallied over 450 points.

“We are of the view that as long as the index is holding 66,600 mark, the positive sentiment is likely to continue. Above which, the market could rally till 67,200-67,350,” says Shrikant Chouhan of Kotak Securities. On the flip side, below 66,600 level, the uptrend would be vulnerable. Below the same, the market could slip till 66,400-66,200 points.