The Nifty reclaimed the 6000 mark to end at  6009, up 73.90 points while the Sensex rallied over 300 points closing at 1-1/2 month high on the back of sharp spike in index heavyweight Infosys, which gained 11%.

The narrowing down of trade deficit data in June also boosted sentiment. The S&P BSE Midcap Index was up 0.01 per cent and BSE S&P Smallcap Index slipped 0.29 per cent.

Nifty futures surged at the end of  the weekly session and managed to close above the 6000 mark at 6018.45 up by 143.50 points from the previous week's close.

Technically, it is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6080 with the crossing of which 6150 can be touched.

For downside, major support is at the level of 5850 and 5750.

Stocks to watch on:

INDRAPRASTHA GAS (IGL): Technically, the stock is forming an H&S pattern on long term charts trading with the positive bias and sustaining above its 50 and 200 DMA. It is currently facing strong resistance at the level of 291 with the cracking of which the stock is likely to experience fresh buying in the near term. We recommend our traders to initiate a long position above the mark of  293 for a target of 307 and a strict stop loss of 278.

AXIS BANK: The stock is following a sideways trend trading with the positive sentiment. Technically, it is sustaining at the immediate resistance level of 1302 with the cracking of whichfresh buying is expected in the forthcoming sessions. The traders can go for buying in the scrip above the  mark of 1302 for a target of 1332 and stop loss at 1270.