The market is holding on to its gains. The Sensex is at 19,877, up 286 points from the previous close. Nifty is at 5942, up 94 points. The BSE Midcap and Smallcap indices are up 1.6% up each. Market breadth is strong too, with advances at 859 against 282 declines on the NSE. All sectoral indices are trading higher, with the BSE Metal index seeing maximum interest; up 2.9%.

The Sensex is headed towards 21,500-22,000, says a market expert on Zee Business. Therefore, keep booking profits at higher levels, because a correction phase is expected in a month or so, he adds.

The Nifty will face resistance at 5960-5970 levels, says Siddarth Bhambre, Derivatives analyst with Angel Broking, on CNBC-TV18. He therefore recommends booking profits at these levels.