The market had a good day today; trading in the positive terrain throughout the day and closing on a strong note. The Sensex ended the day at 19,603, up 240 points from the previous close. Nifty shut shop at 5865, up 102 points. Midcaps and smallcaps had a great day too, with the CNX Midcap index touching an all-time high. BSE Midcap and Smallcap indices too closed over 2.4% each. Top Sensex gainers included Reliance Energy, Wipro and Reliance Communications, while losers included ICICI Bank, Bharti Airtel and HDFC.

If the Nifty closes above 5863, then you can look at the next level close to all time highs; 5975-6012, says Anil Maghnani, technical analyst, on CNBC-TV18. For the Sensex, the next breakout level can be 19,744.

The next trading target for Essar Oil is close to Rs 340, says Anil Maghnani, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 293.80, up a whopping 21% on the BSE.