The key level to watch on the Sensex is 20,000, says Laurence Balanco of CLSA Technicals, on CNBC-TV18. The Sensex needs to hold above 20,000 to see any follow-up buying, he explains. In case of a breakout, another 1,500-point gain is seen for the Sensex. And in case of Nifty, in case of a breakout, it can go up to 6600.

Nicholas Piramal looks strong on the charts for a target price of Rs 450, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 327.95, up 1.4% on the BSE.