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Further uptrend from the current levels
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The benchmark indices continued their positive momentum, with the Sensex rising by 274 points.
In addition, a bullish candle on daily charts and an uptrend continuation formation on intraday charts indicate a strong possibility of fur-ther uptrend from the current levels.
“For trend-following traders, now 77,500 would act as a key support zone,” says Shrikant Chouhan, Head - Equity Research, Kotak Securities.
Above this, the uptrend wave is likely to con-tinue.
On the flip side, below 77,500, the uptrend would become vulnerable.