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Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed a volatile trading session. After rollercoaster activity, the Nifty ended 241 points higher, while the Sensex gained 810 points. Among sectors, almost all major sectoral indices traded in the green, with the IT index outperformed and rallied over 2 percent. Technically, after an early morning dip, the market took support near 24,300/80500 and bounced back sharply. From the day's lowest point, the market rallied over 500/1800 points. We are of the view that the current market trend is bullish. For traders, the levels of 24,600/81500 and 24,500/81200 would act as key support zones. As long as the market is trading above these levels, the bullish sentiment is likely to continue. On the upside, it could rally to 24,850-25000/82200-82700.

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